For some of us, getting a jewelry or watch appraisal might feel like a chore. But it doesn’t have to! We can help you figure out the best way to appraise your items.
There are several types of jewelry appraisal and watch appraisal services that we offer. We treat each appraisal individually. The process is the same, but the value we place on an item can differ. Also, please keep in mind that while an item may have sentimental value, an appraisal only determines monetary value.
Our three types of jewelry appraisals:
- The Insurance Replacement Appraisal
- The Fair Market Value Appraisal
- The Estate Appraisal
The Insurance Replacement Appraisal is the most common Long Island jewelry appraisal. This is for when you add an item onto a jewelry rider (or a jewelry floater), which is goes with your homeowner/renter policy. The value given on this appraisal states the cost to replace an item with a brand new piece of similar quality. Also, this appraisal gives you peace of mind.
The Fair Market Value Appraisal is used to determine a fair selling price for an item between a willing seller and a willing jewelry buyer. It takes into account the current condition of the item and any repair work that the item may need. At Busy Bee, we strive to offer you the best. This type of appraisal is no exception.
The Estate Appraisal is used when determining a value for the settlement of an estate. This appraisal bases the value on the item’s current condition in a forced sale. That is, a sale in which there is an unwilling seller and an unwilling buyer. This type places the lowest value on an item.
For any jewelry or watch appraisal in New York, we always clean your items thoroughly before beginning. Our GIA graduate gemologist can then grade the metals and stones, giving you an accurate evaluation. Please feel free to contact us if you need a jewelry evaluation!