Metal Sensitivity: Advice From a Jewelry Lover

Metal Sensitivity: Advice From a Jewelry Lover

Insured And Appraised: What To Know About The Value Of Your Jewelry

by Tammy May

Having a closet full of affordable costume jewelry isn't going to be something you're going to want to have insured or appraised. However, as you start to inherit pieces of jewelry from your family or you start to build your own collection of jewelry, you may want to look into both of these options. 

Why Insurance? 

You insure your family, you insure your life, you insure your car, and you insure your house, but what about your jewelry? If you have jewelry that is valuable, then you will want to insure it. Jewelry is stolen in home burglaries all the time, and if your jewelry were to be stolen without insurance, then it wouldn't necessarily be covered. Although some homeowners insurance companies will cover jewelry, it will only be up to a certain amount. If you have thousands of dollars' worth of gold and diamond jewelry, then having each piece individually insured will ensure that if they get damaged or stolen, you will get the right amount of compensation for each piece. 

Why Appraisal?

Depending on the type of insurance you get for your jewelry, they may request a jewelry appraisal so that they will know that they aren't going to overpay you in the case that it does get stolen. During a jewelry appraisal, an appraiser will take an intricate look at every part of the jewelry. For instance, if you are having a diamond ring appraised, they will inspect every diamond on the ring for the cut, clarity, and size of diamond. Then from there, they will determine how much the diamonds are worth collectively in that ring. Once they have looked at the diamonds, they will go onto look at the rest of the ring including any other stones, any intricate metalwork, and the kind of metal used in it. 

After the appraiser has taken inventory and detailed notes of everything on the ring, they will be able to give you an appraised value of how much your piece of jewelry is worth. Once you have that number, you can take it to your jewelry insurer and show them what each piece in your collection is worth today. 

Every time you get a new piece of expensive jewelry, going through the insurance and appraisal process will help keep it protected in the case that it were damaged or stolen. To learn more about the process, reach out to a jewelry insurance company and a jewelry appraiser. 


About Me

Metal Sensitivity: Advice From a Jewelry Lover

Ever since I was a child, I've loved the look of fashion earrings. However, I soon discovered that my ears are sensitive to metal-coated earrings. Rather than spend a small fortune for custom made jewelry, I've found retailers that sell hypoallergenic earrings. These earrings are made for individuals such as myself with sensitivity to metals. Check your high-end department stores or local jeweler. You'll find hypoallergenic earrings in sterling silver, white gold, yellow gold, and platinum. The main thing is to never choose jewelry containing nickle, as this is commonly the culprit. A good alternative to metals listed above is titanium jewelry, as this is considered to be hypoallergenic. Also, avoid using harsh detergents or chemicals to clean your earrings and jewelry, as this may cause further irritation. Mild dish soap may work well, but be sure to rinse your jewelry thoroughly.