An appraisal of jewelry is a document that describes the item, its quality and its value. This video will explain the services offered by professional jewel appraisers for insurance replacement purposes. The majority of appraisals performed today are for insurance replacements, where the goal is return the item’s worth to the owner. It is also important to engage in an antique jewelry appraisal Philadelphia trusts. This can be done for insurance purposes or to determine if you have a valuable piece.
Other than insurance appraisals/replacement value appraisals, jewelry appraisal philadelphia can also perform fair market value appraisals and liquidation appraisals.
Both liquidation appraisals and fair market value are very similar. They both represent the item’s actual resale price, which is the amount one could expect to receive if the item were to be sold. A liquidation appraisal, on the other hand, reflects what one could receive from an immediate sale. An insurance antique jewelry appraisal in Philadelphia is necessary to determine the fair and full value of the item. An appraiser certified can give a stamped, detailed appraisal that is legally binding. To get an accurate jewelry appraisal in Philadelphia, the jewelry must first be sent to a reputable lab like GIA or IGI. This will provide a scientific grading. This report will be the basis of the appraisal.