What are Your Gemstones Really Worth?
You may be wondering how to determine if your jewelry and gemstones are valuable. The value of jewelry and gemstones is determined by many factors, including the type of stone, its size, color, clarity, and cut. Other considerations include the setting, metal type, and any embellishments or treatments. In this blog post, we'll explore these factors in more detail and answer the common questions related to the value of your jewelry and gemstones.
How is value calculated for jewelry and gemstones?
When it comes to the assessment of jewelry and gemstones, several factors are taken into account when calculating their value. These largely depend on the materials used, such as gold or silver content, quality of design and craftsmanship, and carat weight. Other important aspects include the clarity and cut of the gemstone, as well as its color and origins. Objectively speaking, a professional evaluation is necessary for obtaining a precise price assessment. For buyers or sellers to obtain maximum value from their purchases over time, it's essential to remember some basic principles of precious materials markets when investing in jewelry or gems.
What factors affect the value of jewelry and gemstones?
The value of jewelry and gemstones is largely based on the current market price, rarity, and quality. Factors such as karat weight, cut, clarity and color can influence the price of the item. Furthermore, certain gemstones may become especially valuable if they are associated with a particular event or historical figure. An example of this is ‘The Hope Diamond’ which gained its notoriety due to its rumored relationship with French merchant Jean-Baptiste Tavernier in 1668.
Getting your jewelry and gemstones appraised.
If you want to know the true value of your jewelry and gemstones, seek out a certified gemologist for an appraisal. Gemologists are evaluated and trained in the knowledge of diamonds and other precious gems, so you can rest assured that you'll receive an accurate estimate. Jewelers are another good option for appraisals because they typically specialize in assessing precious metals such as gold, silver, and platinum.
Whether you're looking for an appraisal of a single item or an entire collection, seek a qualified expert to provide you with an honest assessment. Many times a professional appraisal of jewelry or gemstones is required in order to receive a proper evaluation of the price point. Depending on the item, very old and rare pieces could warrant your seeking out several experts who specialize in jewelry and gemstones as values are often considered generally based on market prices as well as rarity.
Tips for caring for your valuable jewelry and gemstones.
Quality jewelry, like any valuable item, requires care and attention in order to preserve its luster and sparkle. Regular cleaning practices should be observed, such as wiping away dirt or dust with a cloth or warm water with mild dish soap mixed in.
It's also important to store jewelry separately and securely in a pouch or box at room temperature, avoiding direct sunlight and strong areas of humidity. In addition, consider an occasional professional cleaning. By following these tips, you will help to ensure that your jewelry and gemstones retain their value for years to come.
Get Your Jewelry Appraised Today
Whether for insurance, resale, or just because you’d like to know what you’ve got, you can get a jewelry appraisal by working with our Ohio Gem Lab team. We bring over 30 years of experience in the jewelry industry. Contact our expert team today or follow us on Instagram!
