If you own valuable jewelry, ensuring it is properly insured is essential—especially with the price of gold soaring past $2,900 per ounce. If your last jewelry appraisal was done when gold was under $2,000 per ounce, your current insurance coverage may no longer reflect the true value of your pieces. Without an updated appraisal, you risk being underinsured and facing significant financial loss in case of theft, damage, or loss.
Why Updated Appraisals Matter
1. Accurate Insurance Coverage
Jewelry appraisals determine the replacement value of your items, which is critical for insurance purposes. As gold and other precious metals rise in value, your existing insurance coverage may no longer be sufficient. If your policy is based on outdated valuations, you may not receive the full amount needed to replace a lost or damaged piece. By keeping your appraisals current, you ensure your coverage aligns with the real market value of your jewelry.
2. Comprehensive Valuation
An appraisal isn’t just about the weight of the gold—it accounts for the entire piece, including diamonds, gemstones, craftsmanship, and even brand recognition. Some designer jewelry pieces appreciate over time, and an updated appraisal will reflect these changes. Whether you own an heirloom ring or a designer necklace, having an accurate valuation ensures you’re fully aware of your jewelry’s worth.
3. Preventing Insurance Gaps
Outdated appraisals create gaps in coverage that can leave you financially vulnerable. If your jewelry is lost or stolen and your insurance payout is based on an old valuation, you might not be able to replace it at today’s prices. Regular appraisals help prevent this issue by keeping your coverage up to date and eliminating any potential gaps.
4. Peace of Mind
Knowing that your jewelry is accurately appraised and adequately insured gives you confidence and peace of mind. Whether your collection includes sentimental heirlooms, engagement rings, or investment-grade pieces, staying on top of appraisals ensures that your cherished items are fully protected.
Why Choose an Experienced Jewelry Appraiser?
Jewelry appraisals are not just about assigning a dollar value—they require expert knowledge of gemstones, metals, craftsmanship, and market trends. Choosing an experienced and credentialed appraiser ensures that you receive an accurate and trustworthy valuation.
Meet One of the Nation’s Top Jewelry Appraisers
When it comes to jewelry appraisals, experience and expertise matter. At DW GEMS, all appraisals are conducted by Don Walsh, one of the most highly respected gemologists in the industry.
With over 40 years in the jewelry business, Don began his career as a teenager and went on to earn a degree in Business-Economics. He started at Michaels Jewelers in 1982, where he quickly earned his Graduate Gemologist title and became one of the first Certified Gemologist Appraisers in the country in 1986—the highest distinction awarded by the American Gem Society.
With decades of expertise, Don Walsh has built a trusted reputation as the go-to jewelry appraiser. Whether you need an updated appraisal for insurance, estate planning, or resale purposes, you can trust his precision and integrity.
Schedule Your Jewelry Appraisal Today
With gold prices continuing to rise, now is the perfect time to update your jewelry appraisals. Don’t leave your valuable pieces underinsured—contact DW GEMS today to schedule an expert appraisal. With Don Walsh’s unmatched experience and qualifications, you can be confident that your jewelry is accurately valued and fully protected.
