What are the different types of jewelry appraisals?

The main types of jewelry appraisals are:

• Insurance or replacement value: Estimates what it would cost to replace the item new or comparable, often at retail.
• Fair market value: What a willing buyer would pay a willing seller in the current secondary market, common for estates, donations, and resale.
• Estate or probate value: Typically a fair‑market‑value standard used specifically for tax and inheritance reporting.
• Liquidation value: A lower “quick‑sale” figure reflecting a forced or time‑pressured sale (divorce, bankruptcy, urgent cash).

Each type uses the same gemological examination but applies different market assumptions and reference data. Choosing the wrong type can lead to under‑ or over‑insurance or tax issues.

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Learn more about our jewelry appraisals.