Whether you’re planning on selling a piece of jewelry or getting it insured, it’s important that you get a jewelry appraisal. An appraisal is a document that describes the jewelry item, evaluates the quality, and assigns a monetary value to it.
Now that you understand what an appraisal is, you might wonder, “how much does a jewelry appraisal cost?” or “is it even worth it?”
The cost is based on a number of factors, but I’m telling you right off the bat that getting an appraisal is worth the price if you’re getting this from a professional. I’ll elaborate on the specifics of jewelry appraisal costs, but first, let me explain exactly why these are important.
The Importance of Jewelry Appraisals
A lot of people wonder whether it’s important to have their cherished jewelry appraised or not. The simple answer to this is yes. I highly encourage you to get your piece of jewelry appraised.
No matter what piece of jewelry you have and where you got it, whether you’re making a jewelry purchase or a family member handed it down, it’s essential to know its value. For example, let’s say you’re planning on buying a diamond engagement ring; you can ensure that you’re getting your money’s worth through an appraisal.
If you’re planning on getting jewelry insurance abroad, an appraisal allows you to make an insurance claim should anything happen to your item. Most, if not all, jewelry insurance companies require you to have an appraisal for them to identify accurate jewelry insurance. I also want to stress how important it is that you approach professional jewelry appraisers since you don’t want to risk getting an incomplete jewelry appraisal.
Typical Cost of Jewelry Appraisal in the Philippines
The jewelry appraisal cost depends on many factors, like the type of jewelry that you want to appraise. For example, an appraisal for a three-stone engagement ring would cost different from a necklace with a more complex design.
Here at Willyn Villarica Jewelry, the cost can range from ₱1,000 for simple gold jewelry pieces to more than ₱6,500 for pieces of jewelry with more intricate designs. So it really depends on the type of jewelry appraisal that you want to get.
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Factors Affecting the Cost of Jewelry Appraisals
Number of pieces
One factor that affects the cost is the number of jewelry you want to appraise. For example, appraising a single engagement ring would cost less than appraising five or more items of jewelry you might have.
In some cases, more research is needed to get an accurate appraisal. This would take more time; thus, an appraiser might charge more.
An appraiser that has particular expertise or has more years of experience might also charge more. This is especially true if you want to appraise specific types of jewelry, like antique jewelry pieces.
Appraisal Fees: When to Know When You’re Being Overcharged
As a general rule, an appraiser shouldn’t be charging you a fee based on the appraised value. THIS IS ILLEGAL AND HIGHLY UNETHICAL. If you hear an appraiser tell you that they will charge you based on a percentage of the jewelry piece’s determined value, it’s time to look for a different appraiser.
You should also know how much you’re expected to pay before the appraisal process begins.
How much does jewelry appraisal cost at Willyn Villarica Jewelry?
Willyn Villarica Jewelry offers a comprehensive diamond grading service for those looking to have their diamonds appraised. The starting rate for diamond grading is 4,500 PHP. This rate includes diamonds up to 3 carats in weight. However, if your diamond exceeds 3 carats, an additional fee of 1,000 PHP per carat will be added to the overall cost. This ensures that you receive a precise evaluation of your diamond’s quality and characteristics.
Colored Stone Identification
In addition to diamond grading, Willyn Villarica Jewelry also provides colored stone identification services. The pricing for this service is charged on a per-piece basis. Whether you have a single-colored stone or multiple ones, Willyn Villarica Jewelry will accurately assess and identify the gemstones.
If you require a more comprehensive appraisal for your jewelry, Willyn Villarica Jewelry offers an appraisal service. The appraisal cost is determined based on an hourly rate, which starts at 5,000 PHP. This service considers various factors, such as the item’s complexity, the time required for research, and the appraiser’s expertise. By choosing the appraisal service, you can gain a detailed understanding of the value and authenticity of your jewelry.
We would happily provide a detailed breakdown of the appraisal and pricing upon request.
Jewelry Appraisal Cost FAQs
How Much Does a Jewelry Appraisal Cost?
In the Philippines, jewelry appraisals usually cost around ₱1,000 for plain gold items. However, when the jewelry has diamonds or colored stones involved, starting appraisal price is ₱4,500. Statement jewelry pieces are appraised by the hour.
Why are jewelry appraisals so high?
When you’ve bought a piece, you might wonder why an appraisal value is much higher than the item’s selling price. This is because an appraisal considers several aspects of jewelry. If your piece has certain gemstones, for example, the quality and carat weight affect the valuation.
What happens when you get jewelry appraised?
During a jewelry appraisal process, an appraiser will inspect your piece of jewelry to determine its monetary value. Then, they will look at different factors of your jewelry, and after this, you’ll receive a document containing all the necessary information about the appraisal and your item.
Do jewelers appraise for free?
It really depends on the jeweler. Some might offer free appraisals if you’re planning on selling your piece, while others provide only an estimate.
Choose Willyn Villarica For Your Jewelry Appraisal Needs
Thinking of getting a jewelry appraisal that’s sure to be worth the cost? We at Willyn Villarica Jewelry ensure that you get accurate jewelry appraisals. As a NAJA-recognized appraiser and gemologist, I adhere to grading standards and use the necessary tools to follow the proper appraisal process.
Willyn Villarica Jewelry is your trusted partner for jewelry appraisal services, catering to clients around the globe. Our expertise and commitment to excellence ensure accurate and reliable assessments of your precious gemstones. It’s important to note that while we offer our services worldwide, clients are responsible for covering all travel expenses. Don’t miss out on the opportunity to have your diamonds expertly graded by Willyn Villarica. Contact us today to schedule your appointment and embark on a journey of unrivaled quality and assurance for your valuable investments.
If you want an appraisal or have other questions about our services, email me at firstname.lastname@example.org. You can also reach out to us through our Facebook page (Willyn Villarica Jewelry) or Instagram (@willynvillarica_jewelry).