Buying jewelry at an estate sale can be a great way to find quality pieces of jewelry for a fraction of what you would pay for them if you bought them at a jewelry store. When you buy a piece of jewelry from an estate sale, you need to have it appraised by a professional appraiser before you attempt to sell it or insure it. The following guide walks you through a few ways the appraiser will appraise the jewelry you purchased.
Determine the Metal
The first thing the appraiser will do is determine the type of metal used to make the piece of jewelry. Jewelry can be made of many different types of metal, such as gold, titanium, silver, and even platinum. Each type of metal has a separate value. The jeweler will have specific equipment that he or she can use to test the metal to determine which type was used to make your piece.
Determine the Gemstones
The appraiser will next determine if the stones in the piece are real gemstones or just costume pieces. If the gems are real, he or she will inspect the grade, clarity, and size of the stones in order to determine how much they are worth.
Determine the Value
An appraiser uses the information he or she gathered about the metal and the stones to determine the value of the piece of jewelry. There are many items where some pieces are more valuable than others based on their age, rarity, and which company made them. There are some companies that have been in business for many years and are synonymous with creating quality pieces of jewelry. Pieces made by well-known jewelry designers will always have more value than ones created by lesser known designers.
Authenticate the Piece
Finally, the appraiser will create a certificate of authentication to provide you with documentation proving the piece is as valuable as they claim it is. This certification of authentication is important because you may not be able to sell the piece for as much as it is worth if you cannot prove the true value of the piece.
Once you know the value of the piece, you can choose to sell it or insure it. The insurance appraisal value is often higher than the seller appraisal value, though. This is because the appraiser takes into account the costs that would be associated with replacing the piece if it were lost or stolen.
For more information about having jewelry appraised, contact a company like The Jackels Collection of Beverly Hills.