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Your Questions About Appraisals Answered

January 25, 2017

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What is a jewelry appraisal?

A jewelry appraisal is a written document in which an acredited professional examines a piece of jewelry and arrives at an estimate of its worth according to the type of appraisal requested. A proper appraisal should contain a quality analysis, a detailed description, and a valuation of each jewelry item.

What are the two main types of appraisals?

An Insurance Replacement appraisal determines a value based on replacing a piece of jewelry with a comparable new item. A Fair Market appraisal provides a value that an informed seller can expect to obtain from an informed buyer in which time is not a factor. This value is used for an estate appraisal.

What should I expect from a bromberg’s appraisal?

Each piece of jewelry to be evaluated will have a complete description of both settings and gemstones. This includes digital photos, proportion analysis of diamonds over one third of a carat, and a diagram that plots the internal clarity characteristics of diamonds over three quarters of a carat. The goal at Bromberg’s is to accurately describe your jewelry items so they may be easily replaceable and identifiable in instances of loss or theft

The difference between a grading report & an appraisal

Pictured: An example of a GIA Grading Report

A Diamond Grading Report is a document from a well respected independent laboratory with the 4 Cs of your diamond. This document only gives the quality of the diamond that the value is based on by an appraiser or retailer. They do not and should never designate a value. The things that should be on all current [this does not apply to older graded diamonds] diamond grading reports from the most respected laboratories are the following: Shape, Carat, Proportion Measurements, Clarity [most should have a mapping and plotting of your diamond], and Color. The Proportion Measurements corresponds with the cut grade of the diamond. This is also true for any high quality colored stone. Not all diamonds or colored stones have independent grading reports, as this adds to the cost of the diamond through a retailer. An appraisal from Bromberg’s gives you replacement value of your diamond or colored stone as it is set in your mounting. If the diamond does not have a Diamond Grading report, the proportion measurements, color, clarity, estimated carat, and plotting are provided.

What should i bring with my jewelry items?

Previous sales documents or appraisals from the original seller or a gem laboratory will help establish correct color and exact weights. Since your gemstones are never removed from their settings to be exactly weighed, without this documentation weights must be calculated based solely on their measurements. The more information we have the more accurate the appraisal.

How much will my appraisal cost?

When a piece of jewelry or a timepiece is purchased from Bromberg’s it comes with a complementary Insurance Replacement Appraisal. If you are a customer with items that were purchased elsewhere or over a year ago, the starting charge for appraisals of  jewelry is $95 or $75 for timepieces and pearls. If there is more than one item, the first item would be $95 and each additional item would be $40. These charges are based on the amount of time and research spent analyzing each item and the size of the major gemstones in each piece and are subject to change for very ornate pieces. If you have multiple items or very ornate items, we are pleased to provide a complimentary estimate of the price of an appraisal. You may meet with our appraiser by appointment for an additional charge of $75.

Who performs appraisals?


All of Bromberg’s jewelry professionsals are credentialed through the American Gem Society (AGS), including the professional who will complete your appraisal. Our staff includes an AGS Certified Gemologist Appraiser, the most highly regarded title in the jewelry industry, who is also a Graduate Gemologist through the Gemological Institute of America (GIA).

Don’t Forget…

Speak with your insurance agent to be certain your home owner’s or renter’s insurance policy provides coverage for jewelry and other high value items. Many insurance companies require you to purchase an extension or “rider” for coverage of high value items. How often should i have appraisals updated? It is wise to have your appraisals updated every five to seven years. Speak to your insurance agent about what your specific policy requires.

More questions?

If you have any questions about appraisals we encourage you to call either of our convenient locations to speak with an American Gem Society accredited professional.

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