Are you wondering how much your grandmother’s antique diamond necklace is worth? It may be worth a lot more than you think. If you have antique jewelry, you realize how precious it is to you and your family. They are priceless assets, but in these difficult financial times, they can provide you with more than enough to ease your woes. Here at Accreditation Gemology Institute (AGI), we provide comprehensive antique jewelry appraisal that can provide you with best replacement cost in New York. This can allow you to establish an insurance replacement value on your jewelry.
Antique Jewelry Appraisal and Vintage Appraisal
While you may believe that antique and vintage jewelry are more or less the same thing and used interchangeably, there are differences that separate them from each other. For instance, antique jewelry is any jewelry that is 100 years or more in age. On the other hand, vintage jewelry is for items that are less than 100 years of age, but are not reminiscent to the current or recent styles and trends. For this reason, antique jewelry appraisal is employed to establish an estimated insurance replacement value, whereas antique jewelry may even be sold at the current market price.
Never Assume the Value
The most common mistake that people make with antique jewelry appraisal is assuming a value for it. For instance, let’s say that your great grandmother bought a diamond ring back in 1909 worth $500 at the time. Now obviously $500 for that necklace today is criminally under appreciating its value. But to assume that it would be less than the current market value of diamond necklaces can be negligent. Antique jewelry carries a lot more value based on the age, cut, and karat value. You may be entitled to a better replacement value than you actually think. Hence, before assuming the value, get your antique jewelry appraisal from one of antique jewelry appraisers near you. Go to at least three different antique jewelry appraisers to get a fair idea of how much the jewelry is worth. This will help you in getting the best replacement value and insurance for your piece of history.
Never In Bulk
Getting your antique jewelry appraised in bulk may lead to receiving a lower value of their worth. This is because different jewelry has different cut, karat value, and age. If you mix antique jewelry with vintage jewelry and get them appraised, then the chances of getting a lower replacement value are high. Hence, it is best to get your antique jewelry appraisal separately. Again, this will provide you with an accurate estimation of its worth.
When it comes to diamond, gem, and jewelry appraisal,diamond valuation AGI New York is your one stop solution. We incorporate the latest methods in jewelry appraisal with GIA Gemological instruments and high quality digital camera and photo light box. As a full time gemological service, we can provide you with antique appraisal, grading, identification, and insurance. With our services, you can rest assure that you are getting the best value for your historical jewelry in New York!