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Diamond and Jewelry Appraisers - What Qualifications Should a Professional Jewelry Appraiser Have?

Aug 2, 2008
Jewelry is a type of item which many people own. Some pieces are expensive and flashy whereas others are more modest and mainstream. If one truly wants to know what their jewelry is worth, the enlistment of a professional diamond and/or jewelry appraiser is the best way to go. Professional diamond and jewelry appraisers serve a wide array of purposes and it is important to know just why one needs the help of these individuals and how to choose the best one.

Reasons to Hire a Professional Appraiser

There are quite a few good reasons to hire a professional diamond appraiser or jewelry appraiser to evaluate one's jewelry item. The first is for the purpose of letting the owner know what their piece of jewelry consists of as a whole. The appraiser will thoroughly examine the item and detail the composition and attributes thereof. For those who may not be as well versed in the area of jewelry, a professional appraiser is the go-to person in order to find out what they really have in their possession with regard to the jewelry piece.

Another reason to hire a professional appraiser to evaluate one's diamond or jewelry item is for the purposes of pinpointing a replacement value on the item. This relates to providing the value of the item should it be lost or stolen. Something such as replacement value is extremely important to insurance companies which may insure the piece of jewelry for the owner. By scrutinizing the jewelry or diamond and listing various components about that item, the professional appraiser is able to put a dollar amount on what it would cost to replace it should it be necessary to do so.

Desirable Qualifications of a Professional Appraiser

Since one is putting their jewelry in the hands of another in order for it to be evaluated, it is important to ensure that the individual doing so is properly trained as a professional appraiser. The best way to find out about the credentials of the professional appraiser is to ask them about their formal training and education in the field. Selecting an appraiser who is designated as a Master Gemologist Appraiser by the American Society of Appraisers is a good place to start.

These individuals have completed certain types of classes and examinations in order to determine that they are knowledgeable and proficient in their field. In addition, a Master Gemologist Appraiser is required to take follow-up tests throughout their career to ensure that they keep up with the standards of the industry.

It is also wise to choose a professional jewelry and/or diamond appraiser who has a few years under their belt with regard to time spent as a jewelry appraiser. Although one with thirty years experience may not be much better than one with twenty years experience, it is still an important factor to consider when choosing a professional jewelry appraiser. The more contact one has with their career throughout the years, the more knowledgeable they will often be in the end.
About the Author
James Greene is a Graduate Gemologist and Master Gemologist Appraiser. James has been in the jewelry and appraisal business for over 25 years and specializes in Insurance and estate appraisals. http://www.diamondmarketwatch.com
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