Why have an Appraisal?
Appraisals are mostly for insurance coverage purposes but also estate, proof of ownership, travel security, and your peace of mind. Most insurance companies require an appraisal for coverage and will require an updated appraisal every two years. With the changing metals, diamond, and colored stone pricing, it’s a good idea to appraise every two years. When updating an appraisal, the appraiser must inspect the jewelry must before an appraisal can be done. No exceptions.
When are appraisals Done?
Appointments can be made if you prefer to have it done while you wait or you will need to drop your items off before the appraisal date. We will clean and inspect all appraisal items before appraisal work begins.
What if my diamond is certified?
If your Diamond is certified through a recognized gem lab, it is important to have this information at the time of the appraisal. Please bring this with you when you drop off your items for appraisal. We will return your information to you.
Can I have a “while I wait” appraisal done?
Yes. However, you will have to schedule your appointment in advance and a 50% deposit made to hold the appointment. Contact us to set up an appointment time.
How soon can I get my appraisal?
The actual written appraisal will be available when you pick up your jewelry.
What is in the Appraisal Document?
The appraisal document consists of the physical appraisal pages for all the items appraised, which is wrapped in the document cover and placed in its plastic sleeve. An appraisal document can contain one or several items. Each item will be on a separate page and have a separate detailed summary, photograph, specifications, and price.
All appraisal documents are done in triplicate, two go to the customer and one copy is kept in-store and of course, the appraiser keeps a digital file.
We bought our jewelry at Mark Peter’s do we have to pay for an appraisal?
No, we offer a free appraisal on any item over $500 that we sell.
What if I have questions about the appraisal after I receive it?
The appraiser’s contact information will be available and to answer your questions.
- Appraisals are $110 per hour. An estimate of the final fee is provided at drop-off.
- First Item – $35.00
*Updates must be done within 5 years from the first appraisal. The first appraisal must have been done by Mark Peter’s Diamond Designs.
Lost Appraisal Replacement:
Reprints are $25.00 for lost or misplaced appraisals (no changes made).