How are appraisals different from JewelRecycle’s offer to purchase your items?
When you bring items to JewelRecycle with the intention of possibly selling them, we evaluate their content and resale potential to make you a competitive, no-obligation purchase offer. This offer is based on a precise assessment of each item’s intrinsic value such as gold content or diamond characteristics—as well as its resale value, when applicable.
There is no fee for receiving an offer from JewelRecycle, and no appointment is ever required.
What Is an Appraisal?
An appraisal is a professional, written valuation of an item, performed for specific purposes such as insurance coverage, estate settlement, or equitable distributions. It includes a detailed description of the item’s attributes that influence its value—for example, in a diamond, this would include the cut, color, clarity, and carat weight.
At this time, JewelRecycle does not offer formal written appraisals. If you require one, we recommend working with a Graduate Gemologist (GG), to ensure accuracy, professionalism, and acceptance from insurance companies or courts. You can find a list of National Association of Jewelry Appraisers members at their website.
Common Reasons for an Appraisal
You may need an appraisal for any of the following reasons:
- Insurance Coverage
To insure fine jewelry (e.g., an engagement ring), you’ll need an appraisal so the insurance company can assign proper coverage. - Equitable Distribution
In the event of a divorce or property division, an appraisal provides documentation of fair market value for shared items. - Estate Settlement
When settling an estate, appraisals are often needed to determine the value of inherited jewelry or other valuables. - Charitable Donations
Donating valuable items? An appraisal can help establish the item’s value for tax reporting purposes.
