26 Dec 9 Questions To Ask Your Jewelry Appraiser
In common parlance, by insurance we generally relate it to home or property. But, in reality exorbitant pieces of jewelry can also be protected. For example, if you have bought a diamond ring or inherited a piece of diamond necklace from your grandmother, what will be the first thing that you will do? Wear it and show it to your friends or get it appraised from a certified appraiser?
The biggest challenge is to find the right jewelry appraiser. Understanding the jewelry industry is often difficult as you will not know who is certified and who is not. Appraising is a full time profession and before getting your precious piece of jewelry appraised, ask them a few questions just to be sure.
1. Are you certified and licensed?
This is the first thing that you should ask as there are many self claimed appraiser in the market. A qualified appraiser is well trained in appraiser theory and have expertise in understanding the quality of gemstones and calculate its value.
2. Do you have an appraiser society membership?
Any self claimed appraiser cannot be a part of this society. It requires the appraiser to take a certain course and write a test, before they can acquire the appraiser society’s membership. If the one you are asking is having this membership, then be sure that your piece of jewelry is in the right hands.
3. Do you have insurance to cover the jewelry while it is in your possession?
Till the time your jewelry is with the appraiser, you cannot be sure that it will not get damaged. So, from the beginning ask them whether they have insurance or not to cover if your jewelry incurs any kind of damage.
4. What is the exact condition of the gemstone?
If your jewelry is inherited, then you must ask this question. Knowing the exact state and the amount of damage that your precious stone has must be in your knowledge.
5. What fee do you charge?
There are some jewelry appraisers who charge a portion of the appraised value of your jewelry. You should avoid such people as it is against their code of ethics. Only hire an appraiser who charges on the per item basis, flat fees or hourly basis.
6. What kind of appraiser you make?
These things cannot be done verbally. Ask your appraiser to make a formal, properly typed and organized report about the jewelry you want to be appraised. This appraiser report forms the essential document for protecting your valuable piece of jewelry.
7. How will you deal with precious stones that are outside your speciality area?
No appraiser can claim expertise in each and every field. So, you must ask this question to the appraiser as to how he/she will deal with the circumstance if any jewelry is kept before him/her which is outside their knowledge.
8. Ask for a sample report
After asking all these questions, still if you are unsure, ask the appraiser to provide a sample report so that you can breathe a sigh of relief that your precious jewelry is being handled by an expert.
9. Ask about their expertise
This is the final question that you need to ask. You must acquire the knowledge as to how long the appraiser is working in this field. How many clients they have served and their speciality areas are also something that you should have knowledge of.
With these few questions, you can be assured about the appraiser’s background and safely hand over your jewelry over to him/her for protection.