What you need to know about jewelry appraisals

Published On: Feb 09 2014 10:16:47 PM EST   Updated On: Feb 10 2014 05:40:00 AM EST

Protect your investment. Valentine’s Day is the perfect time to check that your jewelry is appraised.

To ensure you have the right amount of coverage, you need to determine the value of your items. In many cases, insurers will require an appraisal as a condition for providing coverage for your jewelry.

“Having your jewelry appraised can make sure you have it valued at the correct amount, especially with the fluctuation we’ve seen in gold prices," explained Angie Hicks, founder of Angie's List. "The pricing and value of your jewelry can and does change overtime so you want to be sure you’ve got it insured for the right amount. If it does end up lost or stolen you get the right return.”

Angie’s List  asked highly rated jewelry experts about appraisals.

The appraisal process:

How do you know what to appraise?

Angie’s List Tips: Hiring an appraiser

Appraising jewelry for resale or insurance can be a challenge. It's important to know whether a diamond or stone is real in order to get an accurate estimate of value. Some fakes are difficult to spot. Therefore, it's wise to have a professional appraise any jewelry of value.

Tips to manage your valuables: