At Diamond Design, we’re pleased to provide a full suite of in-house, professional appraisal services by our Gemmologist Julie Deriaz FGA, P.Geo, B.Sc.(Hons) during our monthly Appraisal Clinics. Up to date appraisals of your jewellery are critical to maintaining adequate insurance protection, especially with the fluctuating dollar and price of gold. You may also want to determine the value or authenticity of your jewellery for estate and tax purposes.

Why do I need a jewellery appraisal?

There are several reasons why you may require a jewellery appraisal. The primary reason is to obtain insurance coverage for the full protection of your item, should it become lost, stolen, or damaged. Most homeowner’s policies consist of a modest limit covering unscheduled items, and within these policies, limitations may exist on ‘per piece’ items.

In order to ensure that you are covered adequately for the full value of your item(s), it is important to have an appraisal completed and filed with your insurance agency as a scheduled item to prove, in the case of an insurance claim, the existence and ownership of the item, the condition and description of the item and its current value.
Appraisals can also be useful for determining the value or authenticity of your jewellery for estate dispersion, tax purposes, donations, and loans. 

It is generally recommended that appraisals be updated every two years. 

What does the appraisal process entail?

The appraisal process includes a full inspection and cleaning of your jewellery. Each item is then carefully tested, identified, measured and graded, described, valued and appraised. Gemstones and diamonds are never removed or unseated in order to complete an appraisal. A written report is then provided in printed and/or digital format.

What should be included in a jewellery appraisal?

  • Current retail prices in the regional market
  • A detailed description of diamonds and gemstones (cut, color, clarity and carat weight, measurements, proportion, and finish)
  • Content and weight of the precious metal used in the mounting
  • A colour photograph
  • Manufacturer’s marks including brand name, serial numbers, and model numbers for pieces like watches
  • The appraised value
  • The signature of a certified gemmologist or accredited appraiser 

What is the fee for an appraisal?

It is important to note that fees are in no way determined by the value of the jewellery. Fees are based only on the time needed to perform the tests, calculations, and complete the written report. Generally speaking, an appraisal will cost $75 per piece. Privacy is of the utmost importance; all appraisals are strictly confidential.

To book an appraisal service at Diamond Design or learn more,
please email or call (709)754-9497.

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