May 23, 2007

How to Value Your Jewelry at Home or Work

Tip! ) Always apply make-up, perfumes, oils or colognes before you put on your jewelry.

Many thanks for taking the time to read this compact jewelry article entitled ‘How to Value your Jewelry at Home or Work’. You are about to discover the intricacies and formulas that highly qualified Gemologists and Valuers are using, right now, to evaluate and appraise gold, silver and platinum jewelry.

But before we begin, I would simply like to bring you ‘up to speed’ on what will be required. As you know, the art of valuing jewelry takes many years to learn (over five years before you can graduate) and then it takes several more years to gain the necessary experience to ‘get it right’.

Gemologists don’t all become Valuers because of this high level of study, which doesn’t include the expense of Microscopes and Refractometers and Dichroscopes and and and….

Tip! There’s a big difference between 14 karat gold and gold-plated jewelry. Fourteen karat (14K) jewelry contains 14 parts of gold, mixed in throughout with 10 parts of base metal.

In this program we don’t even want to explain what these pieces of equipment are because firstly; they are too expensive (you can pay thousands of dollars just for a binocular microscope) and secondly because you are not a trained jeweler, and probably don’t want to be.

So don’t let that put you off because we are NOT trying to turn you into professionals overnight. That would be wrong of us to even try.

Tip! ) For a slightly more ‘in-depth’ cleaning you may want to use a liquid jewelry cleaner.

We don’t want the Jargon either. Just some simple facts. What we are going to achieve is nothing more than a simple understanding of what you need to know, to at least get a ‘Slippery Grip’ of basic terms. The hardest part is NOT the testing or algorithms involved but mainly the correct and systematic identification of what your are trying to value. The calculations are nothing more than a natural outcome, which just proves what can be accomplished using the most simple school mathematics. If you can multiply and divide, and add money, you can do this course.

We assume you are trying to get a ‘Ball Park’ figure on something you own, or want to own, or sell, or insure. Which brings us to the first question.

What exactly is a Valuation or Appraisal?

All of the calculations and procedures done throughout this series of articles are built into our ‘Online Jewelry Valuation Self Appraisal Kit’ which does all the work for you. Why? So you don’t have to. Simple…

Tip! Some silver jewelry has a black antique look to cater to certain consumers. These items are processed by putting the jewelry into chemical solution to oxide the silver before polishing and the pricing is similar to that of high polished ones.

You can go to the Valuation Appraisal Centre, to discover how easy it is to value your own jewelry at home or work (The address is listed at the bottom of this article) and discover why we use it ourselves.

This is an important yet sadly overlooked concept.

People, just like you, simply want to ‘Know what it’s Worth’ but that’s a very subjective statement. For example:

What’s it worth to you?

Does it have sentimental value?

If it does, there is no way we can measure or calculate for that. It’s a personal thing.

What’s it worth on EBay?

That depends if you are a Buyer or a Seller. At the end of the day the value lies in what two people agree upon.

What’s it worth if you bought it from your neighbor?

What’s it worth to them or what’s it worth to you?

Tip! Another common way of finishing sterling silver jewelry is nickel plating. Although nickel plating is illegal in some countries, most of the Italian silver jewelry sold in the market today is plated with nickel.

These are two different things.

What’s it worth when your local Jewelry Store has a 50% Off Sale?
Are you really buying a bargain or is it just another ploy to get your money.

What’s it worth if it’s stolen?

Does this value represent the true figure?

If you were ‘Fagin’ in Oliver Twist, what was it worth to him?

Bet Fagin had a different price in mind when he traded with the Artful Dodger.

But what if you were the jewelry owner. What’s it worth then?
The Insurance company might have a different view to you. After all, they want to replace it as cheaply as possible, while you want it valued as high as you can. You pay the premium for the privilege, of course, but it still remains very loose.

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Tip: A ‘Valuation or Appraisal’ is generally accepted as a price based on Insurance assessment. ALL other valuations flow from this one rate.

So the answer lies in some form of accepted standard which must be based on sound principles, backed by REPEATABLE formulas which can be expected to be ‘around the same figure’ no matter where you go in the world.

And thankfully, it is. Gold is Gold is gold… right?

The calculations used (behind the scene so you never need to see them) in our ‘Online Jewelry Valuation Self Appraisal Kit’ knows from your answers to multiple choice questions, exactly ‘What’s it worth’. Easy eh?

Tip! The most expensive way of finishing sterling silver jewelry is using Rhodium. Rhodium is a precious metal that is even more expensive than silver.

Go to the Valuation Appraisal Centre to uncover the secrets of just how stress-free it is to value your own jewelry at home or work (The address is listed at the bottom of this article) and let the ‘Kit’ do it for you.

Like humans, not all gold is created equally.

Thankfully. A lot will depend on what part of the world you come from and certainly can dramatically change the value of any jewelry item.

You may have wondered about that VERY yellow gold which comes from the Middle East or Asia. Is it the same as the gold on Sixth Avenue or Hatton Garden in old London Town?

Why is it that jewelers talk about CARAT weight in diamonds and gemstones, but also use the term CARAT when it comes to the quality of gold. Are they the same thing?

Tip! Handcrafted Jewelry Parties at Home - this is where many successful handcrafted jewelers start out. They invite their friends for some snack or dinner one afternoon or evening.

We will certainly be looking into that term in an upcoming issue.

You see, when it comes to Gold (this does not apply in quite the same magnitude for Silver or Platinum items) because it comes in more than one color and more than one quality.

You have the typical yellow gold, a green gold, the ever popular white gold which is currently making a bit of a comeback, and the sought after ‘Rose gold,’ fashionable in Victorian and Vintage Jewelry.

Each of these will have a different price structure when it comes to appraising your jewelry. Nothing dramatic, but a difference anyway.

Yet the bottom line could add several hundreds of dollars to a Bracelet or ring, so you will need to know ‘How to’ spot these distinctions in metal.

Tip! ) For daily cleaning it is recommended to use a simple jewelry polishing cloth that is impregnated with special jewelry cleaner. These are widely available and are very easy to use.

So how do you do it? By using the best tools a Valuer can possess (your eyes) while employing the greatest skills you can learn (how to measure things). Once you have these handy little methods in your arsenal, the rest is just a matter of arithmetic.

So watch out for your next issue of this mini-course, where we’ll reveal the single most important consideration when it comes to valuing ANY jewelry.

Start Your Own Jewelry Party Business. Start your own home based jewelry business with this easy step-by-step guide.

regards and please watch the road. David Foard F.G.A.A. Fellow of the Gemological Association of Australia and former member of JATVC - The Valuers Council (retired).

P.S. If you are really serious about getting a Valuation Appraisal done quickly and easily with minimum effort…. then go to the Valuation Appraisal Centre to discover just how easy it is to value your own jewelry and reproduce a Certificate on your own Printer at home or work (The address is listed below) and follow the advice given there. Couldn’t be any easier.

P.P.S.
If you administer a website or publish an ezine, please feel free to use this article as long as you leave all links in place, do not modify the content and include our resource box as listed below. Although it’s not compulsory just send me an email at gemmo1@online-jewelry-appraisals.com and let me know if and where you used it. If you need other great content - complimentary of course - then drop me a line at the email address given - ’cause I’ve got Gallons of the stuff….

David Foard has spent over 30 years in the Antique Jewelry Trade as a qualified gemologist and member of the Valuers Council. Get a FREE 10 part ‘Appraisal Course’ on How to Value your Jewelry at Home or Work by going to ==> http://www.online-jewelry-appraisals.com and grabbing yourself a
fistfull of Hints - Tips and Secrets.

Tip! High polished sterling silver jewelry has no plating on the jewelry at all and is particularly popular with engravable items or for people who are allergic to certain metals such as nickel. The jewelry is polished by machine without additional raw material cost.

gemmo1@online-jewelry-appraisals.com

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