Appraisal Services & Fees:

Most people do not know that there are four types of jewelry appraisals, each one totally different in usage and price reporting. The four types are:

Insurance replacement valuation: This appraisal is supplied to the insurance company and includes the information the insurance company needs to correctly insure and replace lost or stolen jewelry.

Consignment appraisal: This appraisal gives you the estimate of how much you can expect to receive if you leave your jewelry on consignment for sale with Malnekoff Jewelers

Estate probate appraisal or Cash liquidation value: This appraisal is used by probate court as a valuation for estate purposes and or if you desire to sell your jewelry into the secondary wholesale market.

Purchase confirmation appraisal: This appraisal confirms that the quality of your jewelry purchase matches the sales receipt and appraisal information in writing delivered from another jeweler.

Appraisal Service Fee: $75 per appraisal. Maximum three appraisals per visit and appraisals are done while you wait. Please call to  setup an appointment for the type of appraisal you desire. For engagement rings and large center diamonds, please bring the diamond certificate and any supporting purchase documents with you, for confirmation of speed of appraisal issuance. 

Quantity appraisal discounts are available over three appraisals: Please call for a quote

Certificate of Value

The Certificate of Value (COV document) is issued directly from our website only. The COV document details the gemological information of your purchase. Powered by IJN Systems, and other technology systems, the document provides the information necessary to obtain jewelry insurance and is needed to update your insurance over the coming years. The Certificate of Value document is available for ordering at the shopping cart.

Appraisals and Appraisers

An original appraisal document, issued by a retail jeweler, gemologist or professional appraiser should include all the information on the certificate of the diamond or precious gem, plus the information of all the components of the finished piece of jewelry, such as precious metal and description of the jewelry. The appraisal should include a price, related to the intent of the appraisal. There are different types of appraisals with different pricing for each type of intended appraisal use and should state the intended use of the appraisal on the clearly on the appraisal itself.

The appraisal is usually less detailed than a diamond certificate issued by a gemological laboratory, but some professional appraisers and jewelry stores issue appraisal documents that include the details of a gemstone lab certificate.

The appraiser is trained to identify, analyze, and price the qualities of a gemstone in the marketplace.

It is important to realize that accreditations are just that, a diploma on the wall. The level of expertise and skill of the appraiser is difficult to identify.

Please confirm that your appraisal matches the information on the sales receipt if you are purchasing a diamond or jewelry for the first time. If there is a discrepancy between the appraisal and the sales receipt, the time to catch it is at the time of purchase or shortly thereafter. If the appraisal is an update, based on a previous appraisal, makes sure the new appraisal notates that it is an update based on a previous appraisal.

The diamond certificate issued by a gem laboratory is not an appraisal. It represents the qualities of the diamond or gemstone, not including the ring or jewelry that it is set into. The diamond certificate usually does not include a price. You need an independent appraisal that identifies the exact quality and total value of the diamond and the jewelry combination. The appraisal can be used for obtaining insurance on the jewelry you own.

Question: If the retail jeweler issues an appraisal for jewelry that is higher than what he charged me, is this ethical? 
Answer : Yes it is ethical if the jeweler stated he sold the jewelry and issued the appraisal. In addition, price is based on the market. If you saw an item of jewelry for a higher price, and next week it went on sale for 50% off the previous price, what is the real price? If you purchased an item of jewelry 30% below the regular retail prices, should the appraisal list the price you paid or the market price, which is 30% higher? You must understand the product and the current market prices to fully understand how your jewelry should be appraised.

To get your jewelry insured, you need an appraisal from your appraiser, gemologist or jeweler. Submit the appraisal along with a photocopy of the gem laboratory diamond certificate to the insurance company of your choice. Based on your insurance company and type of policy, you have a choice of coverage. Please study your insurance policy and ask your insurance agent questions to get the best coverage to protect your diamond and jewelry purchase. Your insurance coverage is based on the appraisal information. Please see the webpage for further insurance information on our website or vist to obtain information about purchasing jewelry insurance.

Please call for an appointment for a personal consultation.