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Require evidence of the continuing education that is necessary to keep up with new gemstone discoveries, new synthetic gems, and new and difficult-to-detect treatments.Since all gemstones, including diamonds, rubies, emeralds and sapphires can be made by man and treated to improve their beauty, and some treatments are beyond the ability of appraisers to detect, it is also recommended to obtain lab reports.Use the GIA (Gemological Institute of America) for diamonds and the AGL (American Gem Lab) for fine colored stones, especially for determining country of origin.Even seemingly small identifying mistakes made by an appraiser can result in a major financial loss to the owner.For example, if a 10-carat sapphire were graded as having a country of origin “Ceylon” (Sri Lanka) versus the correct location of “Kashmir,” the loss to the stone’s owner would be hundreds of thousands of dollars. They only identify a gem and analyze it for color, cut, clarity, weight, treatments, and country of origin using the most sophisticated gemological equipment. Amazingly, although professional jewelry appraisers learn to identify, and learn appraisal techniques and practices, they are not taught the value of the items that they assign values to.
Anyone can open a jewelry store and legally sign appraisals by merely paying government licensing fees.
Ensure that your appraiser has the credentials necessary to accurately identify and value your property; minimum requirements include a gemologist diploma (e.g., Graduate Gemologist, GIA) and a gem lab.
Before you sell your jewelry and other valuables, make sure your appraiser has the credentials to accurately identify and value your property.
When faced with liquidating valuable tangible personal property, making correct and informed decisions will substantially improve your bottom line.
This article focuses on gems and jewelry but the information and considerations expressed are applicable to all valuables. You should have your jewelry accurately identified by an appraisal professional with credentials.
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Unlike hiring an attorney or a medical doctor where state laws require schooling and exams to ensure proficiency, there are no educational requirements to legally call oneself a jewelry appraiser.