What is an appraisal?
An appraisal is the formal document to describe your jewellery.
For instance, is it 14 karat, 18 karat or Platinum? What kind of gemstones is set in your jewellery? How many are there? What are their sizes? And most importantly, the replacement value of your jewellery. All of these questions are answered in the appraisal.
Why would I want one?
Have you ever known someone who has had their jewellery stolen? They can certainly tell you that an appraisal is worth its weight in gold - or maybe more! An appraisal is used for insurance purposes. The appraisal proves exactly what you had and the market value at the date of appraisal. Insurance companies generally need to have appraisals updated every 5 years to reflect the current gem and gold market.
Do you travel with your jewellery?
Appraisals are imperative when you are travelling with your jewellery because they provide proof of ownership. Without one, you may be charged duty on your own pieces- or may even have them seized. In 2007, the Canada Border Services Agency seized goods worth approx. 400 million. All in all, it is a must to have appraisals done for your jewellery.
How can I get an appraisal?
We have our GIA graduate gemologist on site. You can either leave the jewellery with us for two weeks or make an appointment with our gemologist. Sometimes, we might be able to provide while-you-wait service depending on our gemologist's schedule and the complexity of the jewellery.
Contact us now for further information.