A jewellery appraisal is a certified professional’s analysis and opinion of the quality, design, authenticity, and approximate retail value of your jewellery. This official jewellery appraisal document will include a detailed description of your jewellery piece, a photograph, and the appraised value of your jewellery. While much of this information is provided on your purchase receipt, the appraisal offers an impartial evaluation that can help verify the authenticity and value of your jewellery. It is recommended to have your jewellery appraised every 3-5 years to ensure that you are adequately covered for market fluctuations. Without an up-to-date appraisal, you may risk being under insured (or over insured) for the replacement value of your jewellery.

At European Goldsmith, we collaborate with an independent GIA Graduate Gemologist who is an Accredited Senior Appraiser member of the American Society of Appraisers, bringing over thirty-six years of experience in the field. His expertise and reputation make him a trusted figure in jewellery appraisal. We host 3-4 in-store, by appointment, appraisal clinics annually. These sessions tend to fill up quickly. If you are considering having your jewellery appraised, we recommend reaching out to secure a spot on the waiting list for our next clinic.

The primary reason for obtaining a jewellery appraisal is for insurance coverage. A formal Appraisal Report serves as a professional and unbiased evaluation that can assist your insurance broker in understanding the specifics and value of your jewellery accurately. You may also require an appraisal for various legal and financial purposes, such as estate planning, taxes, divorce settlements, donations, and securing loans.

Jewellery loss can be devastating, whether by theft, fire or loss. But having proper jewelry insurance offers peace of mind, allowing you to replace your valuable pieces without a significant financial loss. We assist clients in collaboration with insurance firms to replace beloved jewellery that has gone missing or been stolen. While losing sentimental jewellery is already hard, not having insurance or an appraisal reflecting its current market value can make it even more challenging.

Having insurance for your jewellery enables you to wear it without fear, knowing it's protected. Although your homeowner's or renter's insurance likely provides some coverage for your jewellery, it's crucial to review the details. Many policies have limitations on coverage, such as a maximum coverage amount per item or claim. It is essential to ensure you are fully covered for the value of your jewellery and that you will receive the exact replacement value in case of a claim. Another option to insure your jewellery is Jewelers Mutual, as specialized insurer for jewelry, they understand the significance of precise replacements and the importance of working with a jeweler you trust.

*We are not affiliated with Jewelers Mutual, simply happy customers looking to share a recommendation.