Understanding the True Value of Jewelry Appraisal in Colorado Springs

Do you want to sell your jewelry? Or, do you simply want to know how much your jewelry is worth? For someone who isn’t an expert on jewelry, it is easy to wrongly assume the value of a piece that you own. You can be significantly over-valuing or under-valuing the item in comparison to its market value.

This is why getting a professional jewelry appraisal in Colorado Springs is very important. It ensures that you can get the most accurate assessment of the value. But there are more reasons why you can benefit from an appraisal.

Reasons to Have Jewelry Appraised

Jewelry appraisal in Colorado Springs is something that should be done by professionals only.

Jewelry appraisal says that necklace is expensive. (Image Source: Pexels)

Here are the benefits of getting one:

  • It is an important requirement for insurance. It is important that you update your jewelry appraisal as the value can fluctuate all the time. If the last time you had an appraisal is at least two years ago, it is important to get a new one. An outdated appraisal puts you at risk of a huge financial loss if you do not have an accurate appraisal report. Jewelry experts suggest you have yours appraised every two years.
  • It is vital to validate the authenticity of your jewelry. This is important when you intend to donate them, for when you are filing your taxes, or you want to divide your properties as part of a divorce settlement.
  • It is needed to “confirm” the actual value of your jewelry. Even when appraisers are professionals with proper training, they are unable to determine the exact value of the jewelry. They can only provide you with an accurate estimation. When you get two independent appraisals, this will give you a clearer idea of how much the jewelry may be actually worth.
  • It protects you from loss since it is not covered in your homeowner’s insurance. If your home is damaged by fire or theft, you can still use your appraisal report to cover the value of a necklace, bracelet, and other valuable pieces.
  • It is important since the experts can identify any damaged or loose stones. This will give you a chance to repair them before more damage or more loss on your end happens.

Looking for Jewelry Appraisal in Colorado Springs?

Why do you need a jewelry appraisal? (Image Source: Pexels)

Are you in need of jewelry appraisal? Before you look for the best place to sell jewelry in Colorado Springs, it is important to get it appraised first. Lane Mitchell Jewelers understands and can deliver everything you need when it comes to one-of-a-kind jewelry. You can set an appointment with us if you want to learn about how the appraisal process works.

Aside from jewelry appraisal, we also provide a wide range of other services such as repair and restoration and custom jewelry design.

You can contact us directly at (719) 632-1170 to ask about our services. We have more than 150 years of combined experienced in the industry, so we are proud to say that we are an authority in this industry.