An appraisal is a detailed description of a piece and an assessment of its value based on market research. Insurance providers usually require appraisals for jewelry and gem riders. For each piece, the certified gemologist will give a replacement value of the jewelry item.

jewelry appraisals require exact gemological information, you should find a certified graduate gemologist. Determining whether a gemstone is natural or synthetic is not always easy, even for experienced professionals with the appropriate equipment. AT Lanka Jewels, our in house certified Gemologist provides a Certificate of Appraisal for each piece of jewelry that is appraised

It’s advisable to have appraisals done every three years. Factors that can affect the fair market value of your jewelry (such as the price of gems and metals) change over time. A current appraisal can ensure your coverage is adequate for replacing your piece and your premiums are fairly priced. Each appraised item gets a certificate which is recognised for Home Insurance. The price charged for each appraisal is $95 for the 1st item and $75 for every subsequent item.