How Much Does a Jewelry Appraisal Cost?
A jewelry appraiser will be able to appraise a piece of a jewelry and give you an idea on what it is worth. An appraiser can appraise items such as diamonds, gemstones, pearls, metals, watches, and just about any other piece of jewelry that can be found in a store. While a jewelry appraiser does not have to be certified, it is important that due diligence is done before one is hired to give an estimate on what they think the jewelry is worth. The cost of an appraisal is going to vary depending on what jewelry is appraised, the reputation of the appraiser and geographical location.
How much does a jewelry appraisal cost?
- On average, a jewelry appraisal is going to be based upon the size of the diamond, stone, etc. The cost can be anywhere from $160 to $500 per hour. A 2ct diamond will take around an hour to appraise, while a 6ct diamond may take up to 3 hours to give an appropriate appraisal.
- Companies may also charge per item rather than by the hour. If this is the case, the price can range anywhere from $75 to $200 per carat. Keep in mind that most appraisers are going to charge a minimum before any work is done.
- For an item such as pearls, most will charge per inch or per item. This can be anywhere from $75 to $500 for a complete necklace or a pearl itself.
- A watch can cost anywhere from $75 to $300 if there are no diamond stones on the band. If there are stones on the band, then the prices listed above will come into effect.
- If unsure of what a gem or stone is, an appraiser can tell you for a small fee that is around $25 to $75.
- For a verbal appraisal or to talk with an appraiser in person, most will charge anywhere from $75 to $200 per hour, depending on what needs to be done as well as the reputation of the appraiser themselves.
- FloridaJewelryAppraisals.com will conduct an appraisal for anywhere from $165 to as much as $465 per hour, depending on the carat size.
What are the extra costs?
- Out of office appraisals will generally include a fuel surcharge as well as a higher hourly rate.
- If the appraiser has to represent the client in court or legal consultation is needed, these fees can be much higher as well.
- Expedited reports that are needed faster than the usual turnaround time will cost extra.
What is going to be included?
- A professional appraiser will take a piece of jewelry and use the appropriate tools to accurately appraise it. Once the appraisal is done, a piece of paper will be given to give a good faith estimate on what it is potentially worth. Always make sure that you know how to pick out the right appraiser. Palagems.com has an efficient guide on how to pick out the best one.
- The report will include items such as the gender, the type of item, what kind of manufacturing was done, the measurements, setting, engraving, the year it was made, and more if available.
- The appraiser will also be able to discuss any questions or concerns that you may have about the jewelry.
How can I save money?
- Don’t be too cheap with an appraiser! You are going t0 get what you pay for if you choose to get someone for a few dollars. It is highly advisable that an interview is done before hiring one.