Chicago Jewelry Appraisal

A jewelry appraisal is a certified examination and ascertainment of how much a jewelry item is worth in dollars. Before you set off to sell your precious diamonds or gold jewelry on Jewelers Row in Chicago, having a good idea of its value will save you the disappointment of being duped!

Why should I have my jewelry appraised?

Let’s put it this way. If you just purchased your dream car, would you even dream of driving it without insurance? The same applies to your jewelry – it is similarly vulnerable to theft, damage, or loss. 

So, one of the primary reasons to have jewelry appraised is to meet insurance requirements. Should you lose your jewelry, have it stolen, or are just curious, appraisals have distinct benefits. For instance, in the event of a loss, the ability to prove its value with documentation should guarantee that you receive appropriate compensation. A jewelry appraisal is a part and parcel of accurately insuring your possessions as well as estate tax liability determinations.

Considering a resale?

For many of us, our jewelry is treasures that go well beyond their fiscal worth. Whether gifted, inherited, or self-purchased, these valuables are part of our life story. For some, they mark milestones; for others, sweet memories. However, there are still many reasons one would consider selling jewelry we no longer wear.

In previous posts, we’ve discussed that some diamond or gold rings remind us of a broken marriage or failed relationship. Perhaps you’ve changed your style and taste. Or maybe you urgently need the cash or rather buy something else. No matter the reason, before you seek out a jewelry buyer in Chicago, have your jewelry professionally appraised to know its value so that you don’t get less than its dollar worth.

Education is key

The more you know about your diamonds and jewelry in general, the more you will be empowered when trying to sell them. The prices of jewelry, diamonds, and precious metals fluctuate with the market. It makes financial sense to ensure that your jewelry’s value is in-line with market prices. Knowing the ebbs and flows of these prices directly impacts how much your valuables are worth at a particular time. Having regular and up-to-date appraisals –for any of the abovementioned reasons, is a sensible approach to owning jewelry.

The DNR Diamonds Difference

So, you’re ready to sell. However, the bustling Jewelers Row district is jam-packed with pawnshops offering cash for diamonds. Also, countless jewelry stores would be glad to add your jewels to their inventories or window displays. If you are in the district to sell, it would be impossible to approach all the stores in one visit. Besides, how do you know where to place your trust?

DNR Diamonds is located in Chicago and is not another diamond buyer. DNR is one of the most eminent and established international wholesale diamond importers and manufacturers. Without the middleman, DNR offers the highest market price in cash for your jewelry. Even if you have not had an appraisal, the company offers you one free of charge. In so doing, you have the peace of mind that you will get the price you deserve!