Why You Need an Appraisal

gemstone-necklace

Appraisals are a professional evaluation of an item’s

monetary value, in essence, a report about what the item is worth. They are formal written documents which are important to insure an item, sell it, or in dealing with estate matters.

When working with estate items – whether you’re buying, selling, or even simply owning them – it’s crucial to have an accurate appraisal of the items’ value. Nowhere is that more important than in the area of estate jewelry, where the value can shift not only because of demand, but also because of fluctuations in the price of gems and precious metals.

Appraisal valuations vary and can often fluctuate significantly from the selling price. There is no easy formula that can be used to estimate what your item is worth, and if you’re selling it, what it will sell for. It depends on the uniqueness of an item and what a buyer is willing to pay.

As a full-service estate firm, Joseph DuMouchelle offers expert appraisals backed by years of training and certification. We are members of the American Society of Appraisers and the National Association of Jewelry Appraisers.

Our training and experience has helped us to see the value of items that other appraisers have missed.

Even if you don’t wish to sell your items, we would be happy to provide you with complete and accurate appraisals.

Before You Sell

If you want to receive the best value for your items, it is imperative that you know their true worth. Getting an accurate appraisal prior to selling your items could mean a difference of thousands of dollars in the sale price.

To Understand The Value

Minute details in an item – which might go unnoticed to an untrained eye – can mean a drastic difference in value. Also, fluctuations in the price of metals and gemstones can greatly affect its worth. For these reasons, you need to have your jewelry items appraised by certified, highly credentialed professionals and updated on a regular basis.

estate-ring
gemstone-diamond-ring

Estate Valuation

Determining estate tax, ensuring equitable distribution, establishing a base value (to measure future increases or decreases), probate concerns, and estate planning are a few of the reasons for appraisals. Because they can include multiple valuable items, estate appraisals can be complex. The DuMouchelle family has been appraising fine valuables since 1927; our unparalleled experience has made us experts in appraising full estates, both large and small.

Insurance

There is a subtle difference in appraisals required for estate purposes and those needed for insurance.
Insurance appraisals are generally based on replacement value, whereas estate appraisals are calculated at fair market value for an established date. We have the training and experience to provide you with the appraisal required for any of your needs.