Do you know how much your jewelry is really worth?
Internet purchases are becoming more common and an appraisal can verify that diamonds (or other jewelry) purchased off the Internet, match the certification or appraisal that accompanies the item.
Settling an Estate/Equitable Distribution
Any taxable estate must have the valuables documented for the IRS. Even if the estate is not taxable it is worthwhile to know what you have to distribute to the heirs of the estate.
Fluctuations in Market Value
Platinum, Gold and Silver, Diamond and Gemstone values fluctuate. These fluctuations are due to such things as supply and demand, the economy, new mining finds and mines that have been exhausted.
Dissolution of Marriage
An attorney may request an appraisal when working with a client going through dissolution of marriage to obtain the fair market value of the assets.
Tax Deductible Charitable Contributions
If you make a tax deductible contribution of gems or jewelry in excess of $500.00, the IRS requires verification of value in the form of an appraisal.
Maybe you just want to find out if grandma’s old “ruby” ring is really a natural ruby.