If you are wondering whether you should have your diamond ring appraised, read on. Let’s see how the jewelry appraisal process works, when you should have your ring appraised, and how you should select an appraiser.

1. Warren James Jewellers
How to Have Your Diamond Ring Appraised
www.warrenjames.co.uk

2. How to Have Your Diamond Ring
Appraised
If you are wondering whether you should have your
diamond ring appraised, read on. Let’s see how the
jewelry appraisal process works, when you should have
your ring appraised, and how you should select an
appraiser.

3. What is Jewellery Appraisal?
An appraisal is simply an assessment of the value of
your jewelry. This service is usually provided by
professional appraisers, who issue a document certifying
what the piece is worth and detailing how its value was
established.

4. How the Value of Your Diamond
Ring Is Appraised
A diamond rings usually consists of one or more
diamonds and a body of metal. The appraiser will
establish the value of each of these elements separately.
For example, he or she will evaluate the quality of the
stones and estimate how much they are worth. The
appraiser will also look at what metals the ring is made
with and how pure they are, and will come up with a
value based on this information.

5. When Should You Have Your
Diamond Ring Appraised?
Having your diamond ring appraised makes the most
sense when insuring or selling it.
If you want to have your ring insured, the insurer will
usually require an official appraisal by an independent
professional. The appraised value will then be used to
calculate how much you will need to pay for your
insurance policy.

6. When Should You Have Your
Diamond Ring Appraised?
In case you want to sell your diamond ring, you can have
it appraised before you offer it to prospective buyers. An
appraisal documenting the value of the piece will give
you some idea of how much it is worth. In addition, such
a document will provide you with an additional argument
supporting the price you are asking, as long as it is
reasonable. Although you shouldn’t expect to sell your
diamond ring for its appraised value (since used jewelry
sells at a discount), the appraisal can at least help you
negotiate a better price.

7. Who Can Appraise Your Diamond
Ring?
When it comes to choosing a professional to appraise
your diamond ring, the best and most common choice is
a qualified appraiser. Look for someone who has been
certified by a respected organization such as the National
Association of Jewelry Appraisers (N.A.J.A.), the
American Society of Appraisers (A.S.A.), or the
International Society of Appraisers (I.S.A.). A professional
appraiser is trained not only to establish the quality of a
piece of jewelry, but also to assign a value to it
(something that many gemologists do not do).

8. Who Can Appraise Your Diamond
Ring?
Make sure that the appraiser is independent. For
example, you can expect an appraisal coming from a
jewelry seller or buyer to be biased. The appraisal should
be done by an impartial third party, and the appraiser
should not have a conflict of interest (e.g., by being
connected to the vendor selling you the jewelry).

9. Who Can Appraise Your Diamond
Ring?
Another important thing to ask about is how the appraisal
fees are calculated. The appraiser should not base his or
her fees on the appraised value of the diamond ring
being evaluated as that would create an incentive to
inflate the value of the jewelry. Make sure that the way
the appraisal fees are structured does not motivate the
appraiser to make a biased assessment.

10. Who Can Appraise Your Diamond
Ring?
Usually, the fees are based on the time it takes to
complete the appraisal as well as how complex the
process is. (For example, a ring made with many various
metal components and several different stones may be
more complex to appraise than a one-diamond ring with
a simple structure.)

11. Who Can Appraise Your Diamond
Ring?
Usually, the fees are based on the time it takes to
complete the appraisal as well as how complex the
process is. (For example, a ring made with many various
metal components and several different stones may be
more complex to appraise than a one-diamond ring with
a simple structure.)

12. Thank You!
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