Don’t be fooled by what you may have seen on TV or what you have read
professional appraisals cannot be done in ten minutes or less, and they are not free. The training received through personal property appraisers requires similar training and education largely following real property case law. Accredited personal property appraisal organizations include: American Society of Appraisers (ASA), National Association of Jewelry Appraisers (NAJA), and International Society of Appraisers (ISA). These appraisers should comply with the testing and standards of the Uniform Standards of Professional Practice (USPAP). Because there is no national license for personal property appraisers, it is an important credential and one that the Internal Revenue Service (IRS) uses to measure appraisals as acceptable for tax purposes. We have been trained by all three organizations and hold current accreditation with ASA and NAJA, and we are current with USPAP training.
Unfortunately, the U.S. Federal Government does NOT regulate personal property appraisers. It is up to the appraisers themselves to maintain their education and membership status within their professional groups. So an individual who is a graduate gemologist or jeweler is not necessarily an expert in appraising, appraisal theory, or the estimates regarding the sale your jewelry. And the majority of jewelry industry appraisers lack formal appraisal training.