How to Appraise Jewelry yourself! Presented by Chapes-JPL
Why Do It Yourself? SAVE MONEY
AVOID THE HASSLE
Appraising jewelry isn’t cheap. A typical appraisal can cost upwards of $100 an hour. Unless you’re appraising jewelry for insurance purposes, there’s no reason to pay for an appraisal. Save yourself a cool Benjamin and do it yourself.
Why travel if you don’t have to? Appraise your jewelry from the comfort of your own home.
All you need is a computer (with an internet connection of course) and a magnifying glass.
Avoid dealing with sleazy jewelers whose main objective is to cross-sell you insurance or upsell you new jewelry. Stay hassle-free and skip the malarkey.
hello! I am Lee Benhayon I am here to help you appraise your jewelry. You can find me at info@chapesjpl.com
1. Identify Your Jewelry Know what you have before you ask what it’s worth.
Know What You Have You can’t calculate the value of your jewelry without knowing what you have first. To begin, identify any precious metals in your jewelry like gold, silver, platinum, and palladium. Remember, anything that is not authentic is not worth your time. Second, identify any precious gemstones like diamonds, rubies, opals, emeralds, and etc. Similarly, avoid wasting your time with simulant diamonds like cubic zirconia.
2. Appraise The Metals Learn how to calculate the value of precious metals.
Calculate The Metal’s Value Calculating the value of precious metals is simple. You’ll need to know the type , weight, and purity of the metals in your jewelry. Then, visit Dendritics’ s precious metal calculator and follow these steps: Step 1: Select your jewelry’s metal type. Step 2: Enter the weight of the metal. If it contains irremovable gems, follow this guide to help you calculate the weight of the
Calculate The Metal’s Value (CONT.) Step 3: Select the metal’s purity. The purity of precious metals are usually stamped somewhere on the metal. The lack of a stamp may indicate that your metal is not authentic. Step 4: Select your reference currency. Step 5: Press the “Calculate Value” button and record the value that is displayed.
Whoot! Congratulations, you’ve just appraised the value of your metal. Good Job!
3. Appraise The Gems Learn how to calculate the value of gemstones.
Calculate The Gem’s Value Calculating the value of gemstones will take a bit more work. That’s because gemstones are appraised by their clarity, cut, color, and carat. All of which (except carats) are subjective to the human eye. That means 10 different appraisers will give 10 different appraisals. Luckily, you can formulate a ballpark figure of your gem’s worth by visiting Gemval and using their online gem appraiser.
Calculate The Gem’s Value (CONT.) Step 1: If your appraising alexandrites, diamonds, emeralds, opals, rubies, sapphires, spinels or tanzanites, you’ll need to create an account at Gemval. Step 2: Select your gemstone from the dropdown. Step 3: Enter the weight (in carats) of your gemstone. Pay attention to the minimum and maximum number of carats allowed.
Step 4: Select the best color that matches the color of your gem. Remember, don’t cheat or you’ll be cheated. Step 5: Select the clarity of your gem. This step requires a magnifying glass for an accurate assessment. You should be looking for imperfections and inclusions in the stone. If you need a reference, visit this website to see examples.
Calculate The Gem’s Value (CONT.) Step 6: Select your gem’s cut. This step is subjective and requires a keen eye and attention to detail. You should grade your gem based on its proportions, symmetry, luster and facet alignment. Then select the best option that characterizes the overall cut of your gem. Step 7: Select the shape of your gem. Step 8: Record your gem’s average retail value.
You’re Almost There!!
4. Put It Altogether Learn how to formulate a general valuation.
Formulate a General Valuation Once you’ve evaluated the worth of your metals and gems, you can begin the process of formulating a valuation. This step factors in the overall condition, brand, and exclusivity of your jewelry. Once you’ve summed up the worth of your jewelry’s metals and gems, add or subtract from that value based on the condition, brand, and exclusivity. Since these aspects vary greatly, it is best to use the market value of similar jewelry to formulate
Use websites like Amazon, eBay, TrueFacet, Kavador and other jewelry marketplaces to get an idea of what other sellers are charging for similar items. You’ll quickly get an idea of how much more or less to charge based on the various aspects. Stay away from retail sites like Kay, Jared, Zales and etc. as their prices are margins above market price.
OHH SNAP! Congratulations, you’ve officially appraised your jewelry. You’re Awesome!
5. About The Author Learn about Chapes-JPL
Learn About Chapes-JPL Chapes-JPL is the nation’s premier asset lender and one of the best places to sell and pawn jewelry. For 37 years, we have been providing our clients with low-interest loans on gold, silver, diamond, and platinum jewelry. We enjoy lending a helping hand to everyone from the unemployed to the most elite business owner. If you’re in need of jewelry loan, call Chapes-JPL at 404504-7021.
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100% Total success!
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Atlanta, GA
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thanks! Any questions? Drop us a line at info@chapesjpl.com
References "4Cs of Diamond Quality." GIA 4Cs. N.p., n.d. Web. 29 June 2017. http:// 4cs.gia.edu/en-us/4cs-diamond-quality "8 Tricks to Pawn Jewelry Like a Pro (with images) · opinions." Storify. N.p., n.d. Web. 29 June 2017. https ://storify.com/opinions/how-to-pawn-jewelry/ Benhayon, Lee. "Jewelry Pawn Shop Loans | Get More & Pay Less at Chapes-JPL." Chapes-JPL. N.p., n.d. Web. 29 June 2017. https://chapesjpl.com/jewelry-loan/ Dr. Joel Arem; Donald Clark, CSM IMG. "An Introduction To Gemstone Inclusions." International Gem Society. N.p., n.d. Web. 29 June 2017. https://www.gemsociety.org/article/inclusions/