Mark Maglin, Gemologist

How to Value Inherited Jewelry

Often, inherited jewelry brings a higher sentimental value than a monetary one. Safeguarding a precious family heirloom that has been in the family for generations is often a task given to recipients of said pieces. However, when there is no sentimental value attached to a piece of jewelry, it is generally a good idea to have the piece appraised for its value, if any. Here’s how to get started in valuing your inherited jewelry.

Find an Appraiser

It’s easy to guess how much you think a piece of jewelry might be worth after doing a few internet searches, but the best way to determine the actual value of an item is to find an appraiser that is capable of evaluating it. Because there are no federal or state licensing requirements for becoming an appraiser, you’ll need to do more than just walk into your local pawn shop or jewelry store to see how much you could get for it. Instead, there are a variety of jewelry industry organizations that hold their members to high standards and require certifications in several areas.

Accredited Gemologists Association, Gemologist Institute of America, the Appraisers Association of America, Jewelry Judge, and more are among the best organizations to find a qualified gemologist in your region. In the case of gemstone jewelry, your appraiser should be a graduate gemologist, a degree that allows individuals to identify and grade gems.

The Appraisal

If you have chosen a reputable organization or qualified individual to help appraise your inherited jewelry, you should expect certain information from the actual appraisal. Once you have the appraisal done, you should receive an official write-up of the item at hand that includes the following:

The nature of the items and the purpose of the appraisal will ultimately determine the end cost. If you’ve inherited a large amount of jewelry, it is always a good idea to have them valued so you know what they are worth if you ever have to sell them.

Contact Gembyr Today!

If you have old or broken jewelry to sell, our team can help! We’ll offer you the best rates at the fairest possible cost for all of your old and broken jewelry items. If you have damaged jewlery, diamonds, or gold accessories, contact Mark today for a free consultation or appraisal you can also contact Mark by email or calling today at 1-603-828-1144.