Spicer Greene Jewelers has three graduate gemologists who can assess and appraise your jewelry. We offer several types of appraisal to fit your needs.
The majority of appraisals done today are for insurance replacement (retail replacement) purposes. The point of insurance is to return the value of the item. Therefore, insurance appraisals should reflect the realistic cost of replacing an item in a jewelry store that regularly sells the type of item being appraised.
Reflect an actual selling price between a willing buyer and seller, when neither is compelled by time or need to buy or sell in the item’s most common market. Fair market value must represent the item’s value in its current (used) condition. Fair market value is generally required for charitable donations and estate appraisals. Fair market values run lower than retail replacement values, because replacement values often reflect the cost to replace a used item with a new equivalent. No tax, labor or markup is included in these appraisals.
Usually reflect low values because of the situations that create their need. Divorce settlements and some types of estate liquidations may require this type of appraisal, depending upon the jurisdiction where the scenario takes place.