Getting jewelry appraised can be an expensive and tedious task. Avoid all the hassle by learning how to appraise jewelry yourself. Learn how in this easy to read guide.
2. Why Do It Yourself?
SAVE MONEY
Appraising jewelry isn’t cheap. A typical
appraisal can cost upwards of $100 an hour.
Unless you’re appraising jewelry for insurance
purposes, there’s no reason to pay for an
appraisal. Save yourself a cool Benjamin and do
it yourself.
All you need is a computer (with an internet
connection of course) and a magnifying glass.
AVOID THE HASSLE
Why travel if you don’t have to? Appraise your
jewelry from the comfort of your own home.
Avoid dealing with sleazy jewelers whose main
objective is to cross-sell you insurance or upsell
you new jewelry. Stay hassle-free and skip the
malarkey.
3. hello!
I am Lee Benhayon
I am here to help you appraise your jewelry.
You can find me at info@chapesjpl.com
5. Know What You Have
You can’t calculate the value of your
jewelry without knowing what you have
first. To begin, identify any precious metals
in your jewelry like gold, silver, platinum,
and palladium. Remember, anything that
is not authentic is not worth your time.
Second, identify any precious gemstones
like diamonds, rubies, opals, emeralds,
and etc. Similarly, avoid wasting your time
with simulant diamonds like cubic zirconia.
7. Calculate The Metal’s Value
Calculating the value of precious metals is
simple. You’ll need to know the type ,
weight, and purity of the metals in your
jewelry. Then, visit Dendritics’ s precious
metal calculator and follow these steps:
Step 1: Select your jewelry’s metal type.
Step 2: Enter the weight of the metal. If it
contains irremovable gems, follow this
guide to help you calculate the weight of
the gemstone(s) and then minus that
from the overall weight of the metal.
8. Calculate The Metal’s Value (CONT.)
Step 3: Select the metal’s purity. The
purity of precious metals are usually
stamped somewhere on the metal. The
lack of a stamp may indicate that your
metal is not authentic.
Step 4: Select your reference currency.
Step 5: Press the “Calculate Value” button
and record the value that is displayed.
11. Calculate The Gem’s Value
Calculating the value of gemstones will
take a bit more work. That’s because
gemstones are appraised by their clarity,
cut, color, and carat. All of which (except
carats) are subjective to the human eye.
That means 10 different appraisers will
give 10 different appraisals.
Luckily, you can formulate a ballpark
figure of your gem’s worth by visiting
Gemval and using their online gem
appraiser.
12. Calculate The Gem’s Value (CONT.)
Step 1: If your appraising alexandrites,
diamonds, emeralds, opals, rubies,
sapphires, spinels or tanzanites, you’ll
need to create an account at Gemval.
Step 2: Select your gemstone from the
dropdown.
Step 3: Enter the weight (in carats) of your
gemstone. Pay attention to the minimum
and maximum number of carats allowed.
Step 4: Select the best color that matches
the color of your gem. Remember, don’t
cheat or you’ll be cheated.
Step 5: Select the clarity of your gem. This
step requires a magnifying glass for an
accurate assessment. You should be
looking for imperfections and inclusions in
the stone. If you need a reference, visit this
website to see examples.
13. Calculate The Gem’s Value (CONT.)
Step 6: Select your gem’s cut. This step is
subjective and requires a keen eye and
attention to detail. You should grade your
gem based on its proportions, symmetry,
luster and facet alignment. Then select
the best option that characterizes the
overall cut of your gem.
Step 7: Select the shape of your gem.
Step 8: Record your gem’s average retail
value.
16. Formulate a General Valuation
Once you’ve evaluated the worth of your
metals and gems, you can begin the
process of formulating a valuation. This
step factors in the overall condition,
brand, and exclusivity of your jewelry.
Once you’ve summed up the worth of your
jewelry’s metals and gems, add or
subtract from that value based on the
condition, brand, and exclusivity. Since
these aspects vary greatly, it is best to use
the market value of similar jewelry to
formulate a general valuation.
Use websites like Amazon, eBay,
TrueFacet, Kavador and other jewelry
marketplaces to get an idea of what other
sellers are charging for similar items.
You’ll quickly get an idea of how much
more or less to charge based on the
various aspects.
Stay away from retail sites like Kay, Jared,
Zales and etc. as their prices are margins
above market price.
19. Learn About Chapes-JPL
Chapes-JPL is the nation’s premier asset
lender and one of the best places to sell
and pawn jewelry. For 37 years, we have
been providing our clients with low-
interest loans on gold, silver, diamond, and
platinum jewelry. We enjoy lending a
helping hand to everyone from the
unemployed to the most elite business
owner. If you’re in need of jewelry loan, call
Chapes-JPL at 404-504-7021.
24. References
"4Cs of Diamond Quality." GIA 4Cs. N.p., n.d. Web. 29 June 2017. http://4cs.gia.edu/en-us/4cs-diamond-quality
"8 Tricks to Pawn Jewelry Like a Pro (with images) · opinions." Storify. N.p., n.d. Web. 29 June 2017.
https://storify.com/opinions/how-to-pawn-jewelry/
Benhayon, Lee. "Jewelry Pawn Shop Loans | Get More & Pay Less at Chapes-JPL." Chapes-JPL. N.p., n.d. Web. 29 June 2017.
https://chapesjpl.com/jewelry-loan/
Dr. Joel Arem; Donald Clark, CSM IMG. "An Introduction To Gemstone Inclusions." International Gem Society. N.p., n.d. Web.
29 June 2017. https://www.gemsociety.org/article/inclusions/