A jewellery appraisal is an informed opinion as to the authenticity, quality, design, and value of a jewellery item. The opinion is based on the training and experience within multiple levels of the jewellery marketplace, and appropriate gemological equipment.

Luxe Jewellery appraisals are graded to GIA (Gemological Institute of America) standards.

Jewellery is a major investment, and we highly encourage all our clients to insure their jewellery like they would any valuable items that they own. As a rule of thumb, any jewellery item over $1000 is always worth insuring. Insurance companies require an appraisal within the past 12 months to insure, and guarantee the insurance value if the item is damaged, lost or stolen.

Appraisals should be updated every 3 years. As prices of commodities fluctuate, the value of the appraisal will also fluctuate, and many insurance companies do require an updated appraisal every 3 years.

Most common types of appraisals:

Fair market Value Appraisal: $60 per item

Fair market value is “the most probable price in cash, for which the appraised property will sell in a competitive market”.

Retail Replacement/Insurance Appraisal: $60 per item

Required by most insurance companies before they will insure jewellery beyond a certain dollar amount. This value is determined by comparing market data and market conditions at the time that the appraisal is conducted.

Estate Appraisal: $25 per item

Required by lawyers during an estate or legal settlement. Fair Market value is used, and is an assessment based on what a willing buyer and seller would agree to without a forced sale.

Scheduling an appraisal:

Drop off the jewellery in store. It will be appraised and ready for pickup within 5 days.

OR

Request to see an appraiser on site. Let us know your availability and we will book an appointment on site. The appraiser will appraise the items while you wait. Each jewellery item takes approximately 20 minutes.

*Please note that the appraisal report comes in a week after the appraiser has done his/her preliminary work on the jewellery.

To inquire more, please email us: info@luxejewellery.ca