What is the purpose of an Appraisal?

An appraisal confirms the authenticity, quality, design, and value of gold, diamonds, watches, and other pieces of fine jewelry. An appraisal is an opinion, however, and when performed by a professional, an appraisal will be backed by the appropriate training, equipment, and experience. Bear in mind that because an appraisal is subjective in nature, there may be honest variations among competent appraisers. It is a common belief that the declared price arrived at by an appraiser is the most important aspect of an appraisal. However, it is actually the explicit description of the jewelry item, which accurately depicts the design, the metal, and the stones that will enable you to get the best price should you decide to sell your gold jewelry, diamond rings, loose diamonds, or Rolex watch in the future.

Several necklaces and other jewelry on pedestals in a row

Why have jewelry appraised?

When you purchase a new item of jewelry, an appraisal will assure coverage for replacement in case of loss or theft. Due to continuing inflation, it’s smart to have jewelry appraised every two or three years. A reliable appraisal is an opinion based on knowledge gained through education and special training, backed by technical equipment, and reinforced by experience. To reap the full benefits of the most accurate appraisal of your gold or diamond jewelry possible, heed the following guidelines:

  • Don’t go for a bargain appraisal. For a professional evaluation, expect to pay a fair fee, usually based on an hourly rate. The more intricate the jewelry, the more time needed to examine it sufficiently.
  • Don’t rush the appraiser. Give him/her adequate time to carefully examine every facet of your jewelry for the most accurate appraisal results.
  • Remember that an appraisal does not represent an offer to purchase or replace your jewelry.

At The Diamond Broker, we are proud to offer Appraisals and repairs to customers. We make it our mission not only to offer excellent prices on wholesale jewelry in Texas, but also to provide excellent service to jewelry buyers, owners and sellers in the Dallas area.