You want and need a qualified appraisal if:
You want to insure your jewelry.
You are settling an estate or probate.
You are making a donation.
You are involved in a divorce.
You are liquidating your assets.
Our appraisals provide identification, complete descriptions and photographs. Appraisals protect the value of your possessions in case of loss, theft or damage.
Our Appraisal Process
At GIJ Appraisals, Gino adheres to The Gemological Institute of America’s (GIA) strict Diamond and Gemstone grading guidelines and ethics code of The Uniform Standards of Professional Appraisal Practice (USPAP)
For your privacy and security, all appraisals are performed, by appointment only, and while you wait & watch. Your jewelry will NEVER leave your sight!
During the examination each item of jewelry will be thoroughly examined, weighed, measured and described with following detail:
Gemstones will be identified, graded, measured, and their carat weight calculated.
All diamonds over 0.50 carats will be issued a grading report, with color, clarity, carat weight, and a proportions analysis, and diamond finger printing (plotted)
Metal content will be determined.
Digital photograph of each item of jewelry will be printed right in the report.
Your appraisal will include explanations of the grading system used, definitions of value, along with instructions for the appropriate use of the appraisal document.
Types of Appraisals Offered:
Insurance appraisals are the most commonly requested appraisal. They are used to obtain insurance coverage on existing or newly acquired jewelry items against loss, theft.
Our appraisals contain all the information needed by the insurance company. The appraisal includes a detailed description of the item(s) of jewelry, including gemstone identification, clarity and color grading, measurements, their calculated weights, cut analysis, plotting diagrams for major gemstones, quality and condition of the mounting, metal testing, as well as digital photographs. Our appraisals are accepted by all insurance companies. The thoroughness of your appraisal will determine how well you are covered in the event of loss, theft or damaged.
Charitable Donation Appraisals
This is an appraisal that is required by the IRS when donating jewelry or gemstones to a charitable organization as the donor may be entitled to a tax deduction. This Appraisal is required if the value of the item(s) exceeds $5000.00. The valuation of this type of appraisal is the Fair Market Value at the time of donation.
An estate appraisal is a legal document for Federal tax purposes and/or State probate of jewelry specifically named in a will. The IRS has strict requirements that dictate how the appraisal must be performed, and that the jewelry be appraised at the Fair Market Value. This same type of appraisal is also used for equitable distribution of property. Your attorney handling the estate will advise you if an estate appraisal is necessary.
Divorce Settlement Appraisal
Jewelry has emotional ties, and both parties are likely to have an inflated idea of the actual current value of the jewelry. This appraisal is used in the dissolution of marriage and establishes the market value of the items that were purchased during the marriage. It allows for equitable distribution for the estate during the divorce proceedings.