APPRAISALS

Aaron Peñaloza, a third generation jeweler, brings over 30 years of experience to each appraisal and consultation. He is a graduate of the Gemological Institute of America and a senior charter member of the National Association of Jewelry Appraisers. As a member of the prestigious American Gem Society Aaron Peñaloza has met the rigorous requirements to be awarded the title Registered Jeweler (RJ).

An appraisal is an assignment of value. To determine value it is necessary to closely examine each piece of jewelry. It must be measured and weighed, the stones must be accurately identified and graded and the quality must be assessed. Sometimes historical research is required.

Aaron and his professional staff guarantee the highest standards to ensure your confidence. Written appraisals detailing each piece of jewelry and photographs are provided. All items are protected and insured while in our care.

Types of appraisals & terminology:

Insurance Appraisal

Generally the current cost to replace with a similar piece of jewelry of equivalent quality or the current cost to replace with a duplicate of exact quality and design.

Fair Market Value Appraisal

As defined by the Internal Revenue Service "fair market value" is the price a willing seller and a willing buyer agree upon.

Collateral Evaluation

The value an item would command if sold quickly to satisfy a debt.

Estate Evaluations

May be any of the above types, but must be consistent throughout.

Damage Reports

Usually done for an insurance claim on a chipped or lost stone to determine the cost to restore a piece to its original condition or to assess its loss of value.

Forensic Appraisals

A reconstruction of the description and value of a piece lost, stolen or too badly damaged to assess based on present condition.

Fees

C. Aaron Peñaloza Jewelers charges $50 minimum; $100/hour for appraisals left with us; $150/hour for appraisals while you wait (appointments recommended); $200/hour for appraisals done off premises + $50/hour travel time (advance arrangements required); $25/stone for stone identification; estate appraisals-negotiable.