The Importance of Appraisals
The most important reason to have jewelry and valuables appraised is for accurate insurance replacement purposes. Over the years, the value of fine jewelry, gemstones and other valuables can fluctuate, and typically increase.
If an appraisal is over two years old, the stated value may be out-of-date and as an end result, your jewelry and valuables could be undervalued compared to its current replacement value. There is the risk considerable loss if jewelry and valuables are lost, stolen or damaged when the replacement values are insufficient and underinsured.
We recommend you have your fine jewelry and valuables appraised once every two years. Diamond Boutique appraisals are performed by our own professional appraiser who is also a Graduate Gemologist certified by GIA (Gemological Institute of America) to provide our clients with the most accurate appraisal reports based on current market values.
Appraisals are also ued to determine the value or authenticity of fine jewelry, gemstones and valuables for estate and tax planning purposes, divorce settlements, donations or loans.
Frequently Asked Appraisal Questions:
Q. What are the functions of an appraisal?
An appraisal servers three functions: Firstly, it is an identifier. Your jewelry must first be identified as to the materials, workmanship, condition and any other elements affecting its value. It must be evaluated and ranked in quality with relation to all other similar property in the current marketplace. Secondly, the appraisal is a valuer. A value must be assigned to the jewelry that is appropriate to the intended use of the appraisal. Thirdly, the appraiser is a witness to the property. The appraiser can attest in a court of law that the jewelry existed in a certain condition at a certain point in time, and that it was valued according to currently accepted valuation practices.
Q. I have homeowner’s insurance. If I lose my jewelry, am I automatically covered?
You are not covered for loss or damage unless you have your jewelry appraised and scheduled (listed) separately.
Q. What is included in a Diamond Boutique appraisal?
Each Diamond Boutique appraisal includes complete testing of your jewelry and an appraisal report for your records. A copy is kept on file at Diamond Boutique should your original copy get lost or damaged. The report contains such information as:
1) The purity and weight of precious metals
2) A detailed description of diamonds and gemstones (carat weight, cut, clarity, color, measurements, proportion & finish)
3) A color photograph
4) The current appraised value of jewelry and valuables
Q. How can I be sure my Diamond Boutique appraisal is accurate?
All tests are performed by GIA certified Graduate Gemologist appraisers using the industry’s most precise scientific instrumentation. Appraisals are based on current market values derived from a computerized networking system that constantly monitors prices throughout the industry and compares current retail prices.
Q. Do my diamonds have to be removed to be appraised?
No, diamonds and other gemstones do not have to be removed from their settings during an appraisal. All tests are perfectly safe and will not damage nor alter any jewelry or valuables.
Q. How much should I expect to pay for an appraisal?
Diamond Boutique charges an hourly rate per item for each appraisal. The fee is based on the time needed to perform the tests, calculations, research and preparation of all necessary documents. Fees are in no way determined by the value of the jewelry or valuables.
Q. Do I need to make an appointment for an appraisal?
It is suggested to make an appointment if you have a sizeable number of items to be evaluated.
Verbal consultation is also available (no documentation is provided, appointment required).
Alternate location appointments available (additional fee, quoted on request)
Testimony and Court Deposition (fees quoted on request)
If you have any additional questions please do not hesitate to contact us
COMPLIMENTARY CLEANING & INSPECTION SERVICE
Diamond Boutique is proud to offer a complimentary professional cleaning & inspection service for your fine jewelry.
Complimentary service includes a brief ultrasonic bath (where applicable) and a pressurized steam cleaning and professional inspection.
Our professional repair team can accurately diagnose any serious wear and tear, loose gemstones or any other potential issues and suggest ways to remedy them.
No appointments are necessary; simply bring your treasured fine jewelry with you and we perform the professional cleaning and inspection while you wait
CUSTOM DESIGN SERVICES
There is nothing as unique and special as a custom-made piece of fine jewelry, and the design experts Diamond Boutique can help bring those dreams to life. For the past twenty-seven years, Diamond Boutique has specialized in creative custom-designed fine jewelry.
Whether you are looking to re-purpose existing jewelry or starting completely from just an inspiration, our professional design specialists can help you bring your imagination to life.
Our custom design process involves using the latest in Computer Aided Design (CAD) technology combined with traditional hand craftsmanship to produce a truly one-of-a-kind masterpiece.
Every step of the process will be explained to you, with various options and variations possible, so that the entire journey from imagination to finished product will be a smooth enjoyable one.
Communication is our first priority, so we find ways to ensure that every aspect of your dream item has been communicated to us clearly, and that we communicate with you.
To begin the process of custom designing an engagement ring or any special piece of jewelry, simply start by thinking about designs that appeal to you; consider incorporating gemstones or interesting design elements with personal or sentimental significance – these details are what will set your design apart.
Custom Design Example #1: Sapphire Ring
The new setting truly brought out the beauty of her oval sapphire.
Custom Design Example 2: Diamond Halo Ring
Before our client popped the question, he made sure the ring he was going to put on her finger was everything she always dreamed it to be.
Our client knew his bride-to-be wanted a micro-pave halo engagement ring with a cushion cut center diamond.
Custom Design Example 3: Asscher Cut Diamond
Our client had been holding on to her engagement diamond, a loose 2.01 carat Asscher cut diamond for two years while she searched for the perfect setting.
With our help, the client designed an incredible pave setting that matched her personal style.
Financing for your purchase may be available through GE Money Luxury. Many options are available including 0% financing for up to one year.
If you have any questions at all about financing your purchase, please email us.
Insurance Replacement Service
Diamond Boutique offers a comprehensive insurance replacement services in the unfortunate case of accidental loss, theft, damage and mysterious disappearance. We work with most major insurance companies to provide quick and easy settlement of most claims. Diamond Boutique’s long standing reputation as reputable jewelers has been recognized by State Farm Insurance, Farmers Insurance, Jewelers Mutual who recommend Diamond Boutique as a preferred jeweler for their jewelry replacement programs.
If you have any additional questions, regarding insurance replacement or getting a new jewelry insurance policy please email us.