JEM Appraisal Information:

Two basic types of appraisals are generated for jewelry: Point of Sale and Aftermarket. A Point of Sale appraisal includes general information, lacks details and is generally written by a clerk or cashier at the time of purchase. An Aftermarket appraisal uses a much more detailed format and is usually completed by a gemologist.

Many diamonds and expensive pieces sold in jewelry stores come with a detailed certificate known as a “cert stone” at the time of purchase. These certificates are usually more detailed than an Aftermarket appraisal.

The universally recognized standard for appraisals is a GIA appraisal (from the Gemological Institute of America). All appraisals generated from the Insurers World gem lab will adhere to GIA standards. All items replaced by a jeweler participating in the Insurers World Network are required to adhere to GIA standards complete with a detailed appraisal. If an insured is replacing a “GIA certified” diamond, their replacement diamond will also be GIA certified. When a diamond is sold with a GIA certificate, it has been appraised at the Gemological Institute of America in New York.

Smaller, less expensive pieces should also come with an appraisal when purchased, although the appraisal will probably contain fewer details than that of a very expensive piece. Appraisals should be updated every three years. It is a good idea to have large or expensive pieces physically inspected when the appraisal is updated, although it’s not required.

Insurers World has over 20 years experience in handling evaluations in the Insurance industry with integrity. All items are appraised by our jewelry experts and gemologists in our gem lab, and adhere to all GIA standards, so you can be confident in any Insurers World appraisal you receive.

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