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Appraisal and Gemological Services of Central Virginia

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About Appraisal and Gemological Services of Central Virginia

Professional gems and jewelry appraisal and consultation services.

Location & Directions for Appraisal and Gemological Services of Central Virginia

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PO Box 4792, Lynchburg, VA 24502
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Services Appraisal and Gemological Services of Central Virginia Offers

Appraisal: The process of developing an opinion of value. Appraisals are performed for various reasons on jewelry:
1. Insurance Coverage -

a. Value on an appraisal only determines the upper limit of insurance coverage which is the major factor in the premium paid.
b. Description of the jewelry is the most important thing in a jewelry appraisal because when a loss is suffered and an insurance claim filed, the insurance company can only replace to the extent of the detail within the report when bringing the customer back to whole.


2. Comparison for purchase -

Jewelry identification for third party purchases to verify quality and value. Often clients purchase jewelry on the internet, cruises, or at a pawn shop and need to know the genuine worth of the purchase; both value and quality.


3. Damage Report -

When dealing with damaged jewelry the report will indicate any decrease in value due to the damage and will estimate the cost of repair if the client wishes to keep the item. Stones fashioned before the Modern Round Brilliant Cut tend to be more prone to damage and often times can be re-cut to salvage stone to create a new piece of jewelry. This report allows you to make an informed decision on the future of the piece.


4. Liquidation Report -

This range of value represents sale into the market in which similar property is regularly sold to willing buyers with time constraints, but in an orderly and advertised manner.
This is usually requested by an owner who wishes to convert jewelry assets into cash. There are many types of liquidation situations such as orderly, quick, forced and distress.


Consulting: The act of developing an analysis, recommendation, or opinion to solve a problem.

Some situations do not call for a written report, such as finding the quality of inherited jewelry to separate costume from genuine pieces.

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