While some premium insurance policies update values on your insured jewelry annually, most do not. The majority of renters and homeowners insurance policies require an updated appraisal of your fine jewelry in order to extend full, current coverage to them. Due to the fluctuation in prices of gemstones and precious metals, your insured pieces should be appraised every 2-5 years so that you have an accurate valuation of their estimated retail replacement cost.
Every item purchased at A.J. Martin includes a written summary with photographs and price paid for your insurance company.
In addition, we engage an independent GIA Graduate Gemologist who performs:
The cost of insurance appraisals is $120 for the first item and $90 for each subsequent item. For larger stones (≥ 1.00 carat), for which a plot should be drawn, a fee of $25 is assessed. A plot diagram is a map of your diamond's clarity characteristics and is helpful with identification. A diagram is not necessary if the stone has an existing certificate from a reputable lab.
Estate valuation work is billed at $240 per hour with a $60 minimum. This rate is charged only for exam time but includes all research and document preparation.