Why You Should Get Jewelry Gifted to You Evaluated?

You have just been gifted your grandmother's wedding sets or your in-laws have decided to buy wedding ring sets for you and your spouse. Besides the fact that you can rejoice about being gifted with valuable jewelry, it would be a good idea to actually get the jewelry evaluated to know the exact value of the jewelry. Read on further to know why you should do this.

To know the present day market value

If you have been given jewellery that was lying at your grandmother's place or in your mother's jewelry box for years, you should find out the present day market value of the jewelry. You can ask for the services of a professional jewelry appraiser who will assess your jewelry and give you the exact value of the jewelry you possess.

For the purposes of jewelry insurance

If you think you are going to include jewelry as part of your home insurance cover, it wouldn't be a very wise thing to do. Most people are not aware that home insurance policy cover providers only agree to reimburse about $1000 on your jewelry if it is lost in fire or theft. And this reimbursement doesn't come in too easily as well. The right thing to do would be to get your jewelry including the heirloom wedding sets assessed for their present day market value. This will help you when you apply for jewelry insurance coverage.

Traveling with jewelry

If you are about to travel from one city or place where you were gifted the jewelry to another city or place where your home is located or where you intend to go with the jewelry, you will need the requisite papers to prove that the jewelry rightfully belongs to you. Hence, getting an evaluation from the jeweler can also help in avoiding legal hassles later on.

Jewelry as an investment

If you are the kind of person who thinks that every piece of jewelry you own is in reality an investment that you can convert to cash or something of higher value in the future, you must surely get your jewelry appraised so that you are always updated about your financial position in terms of the jewelry you own.

While you may not want to hurt the sentiments of the person who gifted the jewelry to you by asking about the value of the jewelry, you may get a jewellery appraisal done after the jewelry comes into your possession completely. After all, asking a family elder about how much the wedding ring sets are worth wouldn't be the right thing to do.