Buying The Right Jewelry

What You Need To Know About Getting Your Jewelry Appraised

Posted by on October 5, 2015 in Uncategorized | Comments Off on What You Need To Know About Getting Your Jewelry Appraised

You know how much you paid for your jewelry, but do you know the worth? Appraisals can tell you the wroth of your item in different situations. Appraisals can be used to insure your jewelry or sell it for the right amount. Check out these five important facts you must consider about getting your jewelry appraised. Appraisals Protect Your Belongings Most commonly, appraisals are used for insurance purposes. If you have a piece of jewelry that is worth a considerable amount of money, you must get it appraised before you can insure the item. The appraisal will detail the insurance value, but it will also describe the item, including stone clarity, size, color, quality and any other pertinent information. A proper insurance appraisal ensures that if the item is lost or stolen, you will be able to replace the piece with something similar. Inflated Appraisals Aren’t Helpful It may seem that an inflated appraisal can benefit you. For example, you purchase a ring for $2,000, but it gets appraised at $4,000. If the ring goes missing, you get $4,000 from the insurance company, right? Maybe not. First, if the ring is protected under your homeowner’s insurance, it’s only covered when it’s in your home. If you lose it while on vacation, you’re probably out of luck. Even if the item is covered, it may not be covered at 100 percent. If you get jewelry insurance, you’re better protected, but some policies only replace the item, not reimburse. Inflated appraisals won’t get you more money, they’ll just increase your insurance premiums. Fair Market Value Appraisals Are Another Option Insurance appraisals can only be used for insurance purposes, but there are other types of appraisals. One common other type is a fair market appraisal. Basically, this type of appraisal details the current price of the item in its current used condition. This way, you know how much someone might be willing to pay for the item. The amount of a fair market appraisal is usually less than the insurance appraisal value. This is because the insurance appraisal determines how much a new and similar item would be worth, but the fair market value determines how much the used item is worth. One Appraisal Isn’t Enough You may think you can just get your item appraised and be done, but that isn’t the case. The price of precious metals and stones changes, so your jewelry may be worth a completely different amount from year to year. This is why it’s important to get your jewelry appraised about once a year. In fact, some insurance carriers insist up on it. Failing to get your jewelry routinely appraised means you may not be able to replace the jewelry with something of equal value if it goes missing. You Need to Find a Professional Appraiser Last, but definitely not least, you need to find a professional appraiser. Just because someone has a certification or works in the jewelry industry, it doesn’t mean they are qualified to appraise an item. Good appraisers have the education to back up their appraisal, which includes gemological and appraisal training. To be safe, it’s always a good idea to use someone from an appraisal association because these associations hold their members to ethical and professional standards. Some types of appraisals...

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5 Tips For Choosing Customized Fashion Jewelry As A Gift

Posted by on September 28, 2015 in Uncategorized | Comments Off on 5 Tips For Choosing Customized Fashion Jewelry As A Gift

Trendy fashion jewelry might seem like one of the easiest gifts in the world to get right, but the personal tastes of the recipient makes it tricky to find something you can be sure they’ll love. Custom fashion jewelry helps you create a unique present on a budget. Try these five tips to make sure the customized piece you choose makes the day of your friend or loved one. Try a Matching Customized Storage Chest If a bracelet or ring doesn’t feel like a large enough present for a pivotal birthday or other important event, order a customized storage container for the jewelry and use it in place of a disposable box. A wooden chest with your recipient’s name engraved is sure to impress, while even simple ring holders or watch boxes can fit a set of initials. Your loved one will think the jewelry chest is the gift, then experience another pleasant shock when they find the jewelry hidden inside it. Bring in a Personal Touch If your recipient isn’t a fan of initials and monograms, you can still get creative and order jewelry with a custom twist. A few ideas include Laser cut pendants shaped to resemble a child’s drawing or a favorite pet Clear lockets and miniature vials, which artisans can fill with items related to the person receiving the necklace Charms representing the person’s interests, transformed into stacking ring sets instead of just attached to bracelets like usual Gemstone bead strands that you pick and choose, which arrive assembled and ready to wear 3D metal and plastic printing, giving you a chance to create unusual designs with a specific personal meaning. Remember the Classic Monogram Struggling to think of a design your friend would actually wear on a regular basis? Keep it simple with a beautiful necklace or bracelet featuring a small and discreet monogram. This adds a personal touch without making it too showy or splashy for daily wear. Hold back on the over-sized full name pendants cast in gold until you’re sure your recipient would actually feel comfortable wearing it. Work with a Designer Don’t make the mistake of assuming that custom designed jewelry from an experienced independent designer is out of your budget either. If you want something made in the style of a specific crafts person, you may find out the commission rates are quite reasonable. Tips for ordering a completely custom piece include Communicate about any special needs or ideas you have for the jewelry, including allergies to certain metals or aversions to select colors Show them plenty of sample pieces featuring elements you like, but keep in mind they’re going to put their own signature design on the finished piece Prepare to pay at least half of the total cost upfront, and ask if that amount is refundable if you pull out before the jewelry is finished Ask about the delay for material sourcing and construction, especially when the gift giving occasion is coming up in the next few months Negotiate about milestones and photos as the piece is created, allowing you to make changes as necessary while it’s still possible. Consider a Kit Finally, find out how crafty your jewelry loving friend or family member is before ordering your gift. If they express an interest in designing or...

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