What is an appraisal?An appraisal is the "who, what, when, where, why" of the jewellery world. It is a formal report of all the ins and outs of your jewellery - what kind of metal is it? What kind of stones are those? How many of them? What are their sizes? What does the whole piece look like? Is it stamped with a date of manufacture? All of those good questions are answered by an appraisal.
Why would I want one?If you've ever known someone who has had their jewellery stolen, they can certainly tell you an appraisal is worth its weight in gold - or maybe more! An appraisal is used for insurance purposes. Should your jewellery be lost or stolen, it proves exactly what you had and the market value at the date of appraisal. Insurance companies generally need to have appraisals updated every 5 years to reflect the current gem and gold market.
Does your jewellery vacation with you?Appraisals are also imperative if you are travelling with your jewellery as they provide proof of ownership. Without one, you may be charged duty on your own pieces - or may even have them seized. In 2007, the Canada Border Services Agency seized goods totaling $401 million, with jewellery listed as a commonly seized item. That's no way to end a vacation!
How can I get an appraisal?We have our own in-house Graduate Gemologist. Yes, right here! You can bring in and leave your jewellery to be appraised or you can make an appointment. We may be able to accommodate while-you-wait service depending on our schedule and the complexity of your jewellery. |