Estate Consultation and Estate Planning
Jewelry Estate Consultants:
When a loved one passes away, among all of the other challenges and difficulties, there comes the need to divide the jewelry portion of the estate. Arriving at a fair and equitable division can be tricky.
Douglas R. Harris, Jewelers, Inc. offers a free consultation where our jewelry experts will sit down with you and explain the different types of value and how they relate to your particular jewelry. We will evaluate your jewelry inheritance and arrive at an accurate value.
Like most products, jewelry value is not one set number. It changes with the marketplace (global economy and commodity prices) and time and styles. The standard of value establishes the dollar value of a jewelry item based on a set guideline. The same item of jewelry can have at least three different dollar values:
- Replacement Value: The most popular jewelry appraisal is an insurance appraisal for replacement purposes. in the case of loss of theft, this would be the amount of money that would be necessary to produce a NEW piece of jewelry.
- Estate Retail Value: The estate jewelry at retail value estimates the price an item would sell to used jewelry customers. A used piece of jewelry will be worth less to the general public that the same piece that is brand new.
- Estate Wholesale Value: In this instance, Douglas R. Harris, Jewelers, Inc. would work to find a wholesaler, perhaps in New York, that specializes in a particular type of estate jewelry. Many of these companies travel to Hong Kong and Tokyo where they have a clientele that would be interested in specialty items.
Full and open disclosure of how the jewelry is valued allows for a fair and smooth disbursement of the estate. Heirloom jewelry can have a great value to some and to others, it is just old. Establishing an heirloom value is very personal and can not be measured in a jewelry appraisal.
Douglas R. Harris, Jewelers, Inc. is here to help when you need guidance on choosing a value standard, evaluating your jewelry or selling it to a market that understands and appreciates fine “old” jewelry. Call us @ 704-866-8269 to set up an appointment.