The purpose of an appraisal is to identify and/or authenticate the item and to assign a value. The appraisal should follow ASA standards and guidelines. The ASA is a multi-discipline, non-profit, international organization of professional valuers.
Appraisals can be used for:
- Insurance estimates
- Retail replacement
- Donation value
- Hypothetical value
- Estate sales
A complete appraisal should include the following:
- Description of the item type
- Type of metal
- Cut, color, clarity, carat weight
- Value of the jewelry
- Photo of your jewelry