How Often Should You Get Your Jewelry Appraised?

How Often Should You Get Your Jewelry Appraised?

As the trusted jewelers at M.J. Miller and Co. in Barrington, Illinois, we often get asked how frequently our clients should have their jewelry appraised. The answer may surprise you, as there is no one-size-fits-all solution. The frequency of appraisals depends on several factors, including the value and type of jewelry, changes in the market, and your personal circumstances.

The Importance of Regular Appraisals

Jewelry appraisals serve several crucial purposes. First and foremost, they provide an up-to-date assessment of the current market value of your pieces. This information is essential for insurance purposes, ensuring that your coverage accurately reflects the true worth of your jewelry. Additionally, appraisals can help you make informed decisions about buying, selling, or upgrading your jewelry.

Factors that Influence Appraisal Frequency

The type of jewelry you own plays a significant role in determining how often you should have it appraised. Diamonds, gemstones, and precious metals tend to fluctuate in value more frequently than items made of less valuable materials. As a general rule, it's recommended to have these types of jewelry appraised every 2-3 years.

Another factor to consider is any significant life events or changes in your personal circumstances. If you've recently inherited a valuable piece of jewelry or have experienced a major life event, such as a marriage or divorce, it's a good idea to have your jewelry appraised to ensure your insurance coverage and estate planning are up-to-date.

The Appraisal Process at M.J. Miller and Co.

At M.J. Miller and Co., our team of experienced gemologists and appraisers use the latest technology and industry-standard methods to provide comprehensive and accurate appraisals. We take the time to thoroughly examine each piece, considering factors such as the quality, condition, and current market trends to determine its true value.

Our appraisal services are not limited to just new purchases. We encourage all our clients to have their existing jewelry appraised regularly to ensure they are properly protected and informed about their assets. Whether you're looking to insure a cherished heirloom or simply want to know the current value of your collection, our team is here to help.

Conclusion

Maintaining the value and condition of your jewelry is an important responsibility. By working with a trusted jeweler like M.J. Miller and Co. and having your pieces appraised on a regular basis, you can ensure that your jewelry is properly protected and that you have the information you need to make informed decisions about your valuable assets. Contact us today to schedule your next appraisal appointment.

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