Haddonfield Fine Jewelers | Jewelry Valuation Services
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Jewelry Valuation Services

Call Now to Schedule Your Appointment to have your jewelry and heirlooms appraised by professionals!

(856) 427-4465

  • Appraisal Services
  • Pre and Post purchase evaluations
  • Insurance appraisals
  • Tax, estate and probate appraisals
  • Liquidation and inventory appraisals
  • Grading reports for cut, clarity, color, carat
  • weight along with a map of inclusions
  • Insurance Replacement and Appraisals
  • Gemstone identification, certification and
  • grading reports (GIA, AGA)
  • Expert witness testimony
  • Private consultations for liquidations of
  • jewelry, gemstones, precious metals and coins

Some information about appraisal documents

A jewelry appraisal can be done on any item of jewelry, regardless of the composition, style, or condition. The purpose of a jewelry appraisal is to assign a precise dollar value for an item, often for insurance purposes. An appraisal might also be necessary to settle an estate or other valuation procedures or also be used to verify an item’s true market value before making a purchase. Market values change, so we recommend you have fine jewelry appraisals updated approximately every three years. The process should always include the following detail:

  • Each piece of jewelry is cleaned, weighed, measured and described in detail.
  • Gemstones are identified, graded, measured, and described in gemological and narrative detail.
  • Colored gemstone certificates will be provided for colored stones when appropriate.
  • Metal content will be determined.
  • Your appraisal will have color photos of the items.

 

Laboratory Reports

A laboratory or grading report describes an unmounted gemstone. Reports differ for diamonds and colored gems, but documentation includes specifics about carat weight and dimensions, color and clarity grades, and items relating to the gemstone’s cut and shape. Haddonfield Fine Jewelers provides Gemological Institute of America (GIA), European Gemological Laboratory (EGL) and American Gem Appraisers (AGA) reports for all diamonds that we sell. The laboratory report is similar to the “birth certificate” of the gemstone and clearly details the unique specifications of that gem, including shape, color, clarity.  Click Here to see the GIA Report.

 

Types of Appraisals

There are many reasons why someone might need an appraisal. These include insurance documents, point of sale documents, donation appraisals, and estate appraisals. These all serve different functions, so be sure to request the proper documentation for the specific job. Since the most common type of appraisal is done to obtain or renew insurance.

An insurance appraisal is done so the client can obtain specific scheduled insurance on an item. The most common insurance appraisal is a replacement type policy. Basically, this policy protects for most perils and allows for the item to be replaced with a similar item of jewelry. Another type of coverage is the agreed value policy where the settlement is for cash and not for replacement of the jewelry. Generally, these policies would carry a higher premium. All insurance matters should be discussed with your agent to determine what coverage will best serve your particular needs.

An insurance appraisal is required when an item of jewelry is to be scheduled separately on an insurance policy. Standard coverage might include some aggregate allowance for jewelry. However, these limits are generally low and may not cover all perils. A separate insurance rider on any single item of jewelry will generally cover perils including theft, loss, mysterious disappearance, fire, etc. You should refer to the actual policy for explanation of coverage.

A point of sale document is similar to an insurance document in that a retail value is provided so that the client can purchase insurance. However, this document may be provided by the actual seller of the item of jewelry and it will report the actual selling price. In this type of appraisal, the seller is disclosing his/her role in the transaction. This type of document is valid and is usually acceptable for obtaining insurance.

 

Other Types of Appraisals
Attorneys, accountants, bankers and investment advisors request appraisals for a variety of purposes, including: donation, divorce, estate tax preparation, and distribution of assets. Here is a list of their most commonly requested reports:

  • Appraisals to value jewelry subject to federal estate tax
  • Appraisals to value jewelry in a divorce
  • Appraisals required to receive a deduction for a charitable donation
  • Appraisals required to receive a deduction for a casualty loss
  • Appraisals to divide jewelry among recipients when preparing estate documents or to distribute jewelry according to directives in those documents
  • Appraisals to provide collateral for a personal or business inventory loan
  • Appraisals to value inventory for liquidation, barter exchange or sale to another business
  • Appraisals to value gemstones held in certain retirement accounts
  • Appraisals to prepare testimony on various subjects
  • Appraisals to provide values for historical pricing of certain gemstones

 

Why You Need Jewelry Appraisal Services

1. Why do I need current appraisals for my jewelry?

By far, the most important reason is for insurance purposes. Over the years, the value of your jewelry and gemstones can fluctuate greatly. If your last appraisal is over two years old it may be out-of-date and, as a result, your jewelry could be insured for less than its replacement value. That means you risk a substantial financial loss if your jewelry is lost, stolen or damaged.

For your protection, we recommend you have your jewelry appraised every two years. HFJ will provide you with accurate appraisal reports based on current market values so you can obtain adequate insurance coverage. You may also want to determine the value or authenticity of your jewelry for estate and tax purposes, divorce settlements, donations and loans.

2. I already have an appraisal from the store where my jewelry was purchased. Why do I need another appraisal?

Though some merchants may offer you free appraisals with your purchases, it is advisable to have a “second opinion” to confirm the value of your jewelry. An independent appraiser will take the time necessary to write an accurate, in-depth appraisal that will help you avoid paying excessive premiums or underinsuring your jewelry.
HFJ is an independent jewelry appraiser. Therefore our reports are completely unbiased. Our only purpose is to provide you with accurate documentation and realistic replacement values.

3. I have homeowner’s insurance. If I lose my jewelry, am I automatically covered?

You are not covered for loss or damage unless you have your jewelry appraised and scheduled separately. HFJ will carefully document and photograph your jewelry piece-by-piece so you can have it properly scheduled.

4. What is included in a HFJ jewelry appraisal?

The report contains such information as:
1) the content and weight of precious metals
2) a detailed description of diamonds and gemstones
(carat weight, cut, clarity, color, measurements, proportion and finish)
3) a color photograph
4) the appraised value of your jewelry.

5. Do I have to leave my jewelry with you to have it appraised?

HFJ will gladly appraise your jewelry while you watch with an appointment. Your jewelry need not leave your sight. We also respect your privacy; all appraisals are strictly confidential. Depending on the scope of required information, there may be instances where items may need to be lefty for evaluation.

6. Do my diamonds have to be removed for an appraisal?

Diamonds and other gemstones do not have to be removed from their settings during an appraisal. All lab tests are perfectly safe and will not damage or alter your jewelry in any way.

7. How much should I expect to pay for an appraisal?

HFJ charges per item for each appraisal. This fee is based only on the time needed to perform the tests and calculations. Fees are in no way determined by the value of the jewelry.

8. Do I need to make an appointment for an appraisal?

You do not need to make an appointment during regular office hours though it is suggested if you wish to avoid delays, and have numerous items.

9. I am in the market for a diamond engagement ring. Can you advise me?

Because diamonds can vary greatly in quality, it is a good idea to talk to an expert before making your purchase. HFJ has a consultation service to educate you about diamonds and show you how to recognize the characteristics that give them their value. This knowledge will help you make an informed decision. We can also determine the fair market value of your purchase by performing an appraisal.

10. I have inherited jewelry I do not want. Can you help me?

We sure can. Our brokering services will help you sell pre-owned jewelry, unwanted diamonds and gold.