Jewelry Appraisal Services

Our Jewelry Appraisal Services in Baytown Texas.
In the event that your most treasured possessions are lost or damaged, it is important to know that you are fully protected. Make sure all your jewelry and other valuables are fully and accurately appraised every 3-5 years. This will ensure proper compensation if an event does occur. Robson's Jewelers serves trustees and individuals with a complete insurance or estate appraisal service. Our jewelry appraisal service is extensive, and is accepted by all insurance companies. There is no need to leave your jewelry with us, but we ask that you make an appointment so we may set aside the proper time for your evaluation. If you don't have time to wait, simply drop it off and your welcome to pick it up in 24hrs. We will work directly with your insurance company to submit your appraisals or to settle claims.

A written appraisal is a report giving our opinion of the value of your item or items at a given point in time. We provide Insurance Replacement and Fair Market Value appraisals. All Bostonian Jewelers appraisals are compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).

The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services. Standards are included for real estate, personal property, business and mass appraisal.

The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards; federal, state, and local agencies, appraisal services; and appraisal trade associations require compliance with USPAP.

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3 common types of appraisals

Let's face it: bad things happen. An appraisal ensures that your insurance premiums and payouts are based on accurate estimated values. Our estimates reflect competitive and realistic replacement costs, so that your insurance premiums aren't inflated. An appraisal eases the settlement process, which is important during an already difficult time.

SAMPLE APPRAISAL

Retail replacement valuation

That is the most common appraisal needed. The purpose of the appraisal is twofold; first the item value is used to set your insurance premiums, and second, the documentation is used to replace your item, if necessary. An accurate appraisal will provide specific details such as metal content, weight of the item, color, clarity, carat weight of any diamonds, and accurate identification of gemstones in the item. It also includes detailed professional photographs of the item. This will help protect you, so that the insurance company replace your items as similarly as possible. In most cases, the replacement item should be an exact replica. A qualified craftsman should make the replacement, using the same materials and construction techniques as the original. An item that is signed and authenticated has only one replacement level, and that is from the original signed source. If the item is irreplaceable, a current retail market value of a comparable item is used.

Fair Market Value

Fair market value is the realistic price an item would change hands for, in its current condition, in its most common market. Fair market value assumes that neither the buyer nor seller is under pressure to buy or sell, and both are aware of the relevant facts concerning the item. A fair market value appraisal establishes a basis for equitable distribution of assets, estate tax preparation, dissolution of marriage asset assessment, and pre-sale valuations for auction and other secondary markets. Our appraisals comply with IRS requirements and meet the highest professional standards.
When appraising for fair market value, many factors are taken into account, including:
- Recent auction values.
- Secondhand market information.
- Relevant pricing guides.
- Information from stores or dealers selling similar items.

Liquidation or Scrap

If you need to sell for quick cash, then you need a liquidation or scrap value appraisal. This appraisal provides the value for which the item can be sold quickly, without the time to research the best source or wait for an auction. This exemplifies selling under duress. A bankruptcy court could force someone to sell their goods without them being a willing seller.