A jewelry appraisal is a professional evaluation that verifies the authenticity, quality and value of your piece. They are commonly used for insurance replacement of the value of the piece in case something happens to it, whether that’s theft, loss, damage, or something else. An appraisal can also serve as proof of ownership in case of theft.

Which jewelry should I have appraised?

We recommend having any fine jewelry you own appraised, including engagement rings, antique jewelry, and heirloom or estate jewelry.

Where should I have my jewelry appraised?

It’s important to trust the appraisal of your piece to an accredited, highly trained professional who has the right equipment and a reputation for integrity. All of these are key to receiving an accurate appraisal. 

Two qualifications to look for include: 

  • AGS Certified Gemologist Appraiser: This credential means the professional inspecting and appraising your jewelry is one of the topmost authorities with a degree in gemology. In addition to completing advanced training and passing the certification test, they also must routinely pass color vision screenings and recertification. 
  • GIA Graduate Gemologist: This prestigious credential requires a diploma in gemology and advanced technical expertise in evaluating gemstones by the 4Cs (color, clarity, cut, and carat weight). The Gemological Institute of America created the universal standard for diamond quality. 

Before you drop your pieces off to be appraised, ask about the equipment used. 

Here at Coffin & Trout, we are fully equipped with all the necessary instrumentation to be an Accredited Gem Lab, and we have both an AGS Certified Gemologist Appraiser and GIA Graduate Gemologist on staff who complete all our appraisals. 

How often should I have my jewelry appraised?

It’s good to know that an appraisal isn’t just one and done; you should actually have your jewelry of greater value appraised around every 5 years due to fluctuations in market value. We generally encourage clients to get in touch with your insurance company to see how often they require an updated appraisal.

What are appraisals used for?

In the event of fire, theft or other loss of your jewelry, the appraisal value can be used in making insurance claims. 

Check with your homeowners insurance to learn whether or not you have adequate coverage. In order to recoup the full replacement cost should something happen to your jewelry, you’ll want to make sure your coverage is comprehensive of all risks, including damage, theft, fire and so on. There are also insurance companies specifically for jewelry.

Does a higher-value appraisal mean a better appraisal?

Not necessarily. If the value of your jewelry is inflated, that means you’ll spend more to insure that piece. Accuracy is indicative of a quality appraisal.

Can Coffin & Trout Fine Jewellers conduct appraisals on my jewelry?

Absolutely. We offer competitive appraisal services for all of your jewelry. If you purchase a design from us, it will come with a retail replacement appraisal for insurance purchases at no extra cost. When you leave your pieces for appraisal, we’ll also inspect and clean them.

Would you like to learn more about our appraisal process? Trust your favorite pieces to the expertise of our AGS Certified Appraiser and GIA Graduate Gemologist. Stop in or call us to learn more.

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