Reasons To Have Your Jewelry Appraised

The appraisals for your diamond ring and other jewelry items are required by the insurance company in order that they may specifically cover your items of jewelry against all risks and hazards. Insure each item separately with a separate policy for each item that you will forward to your insurance agent. Be advised that having an item of jewelry insured on your regular household policy is not the same as having an item separately insured with a separate policy. Should your diamond fall out of its setting while away from home and you did not have a separate policy insurance, you would probably not be covered. Please consult with your insurance agent for more details on this important matter.

If you lose a ring, or it is stolen, the insurance company very rarely offers you a cash settlement. The insurance company will shop around for their best price in order to replace the jewelry for you. Of course, you would only accept the jewelry upon your satisfaction on an independent appraisal from your independent gemologist. It is important for the appraisal to be detailed and specific so that in fact you can get back exactly what was lost or stolen. The appraisal should also have a photo to ensure that you get back a ring that very closely resembles the one that was lost or stolen. Other reasons for obtaining an appraisal

1.) The appraisal may be used as a general check on the quality and value of your diamond ring as represented by your jeweler.
2.) The appraisal is valid for customs purposes when traveling from one country to another.
3.) The appraisals are useful and necessary if attempting to sell an item.

Appraisals are useful for helping to settle estates, inheritances, and wills etc. etc.