Rottermond Appraisal Service
How • Why • When
At Rottermond Jewelers, we have all the necessary lab equipment to determine the value of your jewelry and heirlooms. Our appraiser, Christina, will accurately document and determine the current market value of your diamonds, gemstones and all types of jewelry. Determining the market value of your jewelry is the only way you can be sure your items are fully covered by your insurance agency. If your appraisal is over 2 years old, it may be out of date and your jewelry may be insured for less than its replacement value. In the event that you are under-insured at the time of loss, your insurance company will only cover up to the amount of your latest appraisal. This makes you responsible for the jewelry being appraised every 2 to 5 years with current market conditions. In addition to insurance appraisals, we can also provide appraisals for: Fair Market Value, Liquidation, Salvage, Estate and Settlement.
Q: What should I look for in choosing an appraiser?
A: Here are some basic requirements for selecting a professional appraiser.
- A formal gemological education from an accredited gemological association.
- Training in the principles of valuation.
- Training in evaluating various manufacturing methods.
- Experience in buying and selling of jewelry.
- Knowledge of various levels of value and how they affect the market from source to consumer.
- Knowledge of current wholesale and retail pricing on gemstones, metals, jewelry and watches.
- Knowledge of actual sales prices with access to verifiable data.
- A complete gemological laboratory and reference library.
Anyone who is appraising jewelry should be able to tell you when they received their gemological training, what professional appraisal association they belong to, and how long they have been appraising.
Q: When should I have my jewelry appraised?
A: You need an appraisal to:
- Obtain insurance coverage on items worth more than $750
- Sell your jewelry or use it as collateral
- Settle an estate or for fair distribution of assets
- Claim a casualty loss for your insurance company or the IRS
- Divide property in a divorce
- Claim a tax deduction for a charitable contribution
- Settle a dispute between you and a retailer
Q: How can a jewelry appraisal save me money?
A: Christina will provide you with an accurate (not inflated) appraisal for replacement of the lost item. This means that you will not pay too much for replacement insurance.
Q: If an item can’t be replaced, should I have it insured?
A: Inherited jewelry can hold priceless sentimental value that cannot be replaced. But having that jewelry properly appraised and insured will protect the asset.
Q: What if I don’t want a written appraisal, just an opinion and ball park figure on my jewelry?
A: For a consultation fee, Christina is happy to identify your jewelry. However, Christina must thoroughly examine the item and conduct market research in order to give a value.
Q: How long do appraisals take?
A: It depends on the type and number of items being appraised. New items with supporting documentation from reputable sources generally take less time. Antique or vintage items require additional research to ascertain current market value.
Q: Can an appraiser or an appraisal be certified?
A: The American Gem Society does bestow the titles “Certified Gemologist, Certified Gemologist Appraiser” and “Independent Certified Gemologist Appraiser” to AGS members who have gemology diplomas and complete a rigorous certification process. In addition, AGS Titleholders must pass an annual re-certification exam based on the level of their title. Christina is a Certified Gemologist Appraiser. Jewelry professionals that have received GIA training cannot claim to be certified.
Q: Is an appraisal a legal document?
A: An appraisal is not a legal document, but appraisals are often the core negotiating tool in a range of legal proceedings and court cases. A well-supported written appraisal, by an appraiser with the appropriate credentials and experience, is critical for success in estate, divorce, bankruptcy and insurance settlements. Individuals named as executors should take particular care to select an appraiser who has been trained in the requirements specified by the IRS and state taxing authorities, as both the individual and the appraiser could be found individually responsible for any significant misstatements of value.
Q: Is an appraisal a guarantee?
A: An appraisal is not a guarantee. By definition it is a written statement, independently, impartially and objectively prepared by a qualified professional independent jewelry appraiser, setting forth an opinion of the defined value of an adequately described piece of jewelry as of a specific date, supported by the presentation and analysis of relative jewelry market information.
Q: What are Christina’s credentials and how do I reach her for an appointment?
- C.G.A. (Certified Gemologist Appraiser) -American Gem Society 2009
- G.G. (Graduate Gemologist) -on campus Gemological Institute of America 2004*Graduate Diamonds *Graduate Colored Stones
- A.J.P. (Accredited Jewelry Professional) -on campus Gemological Institute of America
- R.J. (Registered Jeweler) -American Gem Society
- Continuing education: Appraisal 1 and 2 (American Gem Society), Color vision testing, Estate Jewelry at auction, researching diamonds and gem values, appraising for insurance companies, Pearls and their treatments