Types of Appraisals
There are different types of appraisals, depending on the purpose and function of the appraisal.
- INSURANCE APPRAISAL is the most common, and represents the average retail replacement cost to replace your jewelry in the event of
loss, theft or damage with a comparable item, as near as possible to the original, in the retail jewelry market.
- FAIR MARKET VALUE APPRAISAL is based on what price a piece will change hands between a willing buyer and a willing seller, neither
being under compulsion to buy or sell, and both having relevant knowledge of the facts. This type of appraisal is used for Collateral, Tax Liability, Divorce Settlement and
It is important to establish with your appraiser the intended use of the appraisal, in order to determine the most common
and appropriate marketplace.