You’ve gifted your beloved an engagement ring or diamond earrings, and you likely have documents proving their worth. You might think that’s all you need for insurance, estate planning, or reselling purposes, but it's not always the case.
The jewelers at Lafyes Jewelry in Maspeth, NY, want their customers to know that jewelry appraisals are only valid for a certain amount of time. In fact, they recommend you seek out jewelry appraisals every two years due to the ever-changing market.
Whether you own a custom engagement ring or a diamond cross necklace, here are a few reasons you should routinely seek a jewelry appraisal:
- Insurance: If you paid in the thousands for a piece of jewelry, you should make sure it’s included in your insurance coverage in case of theft, fire, or death.
- Wills: If you intend the piece to be passed onto someone else upon your death, an appraisal will help you in your estate planning process.
- Inflation: Unfortunately, inflation rates affect jewelry values, so if the economy has been up and down in recent years, it’s a good time for a new jewelry appraisal.
- Damage: Things happen, and sometimes jewelry gets damaged. Of course, damage to jewelry will impact its value. Even if you have jewelry repair performed, a jewelry appraisal will let you know how the value has been affected.
If you haven’t yet found the perfect piece of jewelry for your collection or your loved one, Lafyes Jewelry can help. A jewelry professional will help you design a custom piece or refer you to one of the elegant pieces available at the jewelry store.
Lafyes Jewelry carries everything from engagement rings to religious jewelry. In addition to jewelry appraisal, it also provides repair services and offers top prices for gold and diamonds. Call Lafyes Jewelry at (718) 894-0360 today to speak with someone about your ideas for a custom ring, or visit the store’s website to browse its online inventory.