Paul D. Indorf GG (GIA), FGA, ASA
Master Gemologist Appraiser ®
At your home & office
Estate Appraisals are typically used for the following purposes:
- Taxable Estate
- Equitable Distribution among heirs
If you are name executor of an estate or conservator for an individual, an estate appraisal of their jewelry may be necessary. The attorney administering the estate/probate will advise you if this is so. If the attorney deems necessary, MJA will prepare an estate appraisal documenting the fair market value of the included items. If the estate is taxable, the name of the decedent and date of death are required in the appraisal report.
Normally, the estate is not taxable and the appraisal needed is for equitable distribution to the heirs. MJA will help sort and if desired, assist with deciding how to divide up the items. When the distribution is complete, MJA will create individual insurance appraisals and update the value of the items to retail replacement value. If requested, MJA will assist in liquidating unwanted items.
A sample Estate Appraisal Report is available on request.
MJA will (as required):
- Clean your jewelry, point out needed repairs, and test the metal fineness.
- Identify your gemstones, measure, estimate weights, grade and plot the stones.
- Photograph your jewelry and scan any documents provided.
- Gather the information necessary to enable us to prepare the appraisal report.
- Research the values (At this point you and your jewelry are no longer required to be present).
- Complete the report and email with the final invoice.
Estate Appraisal Pricing
The cost of the appraisal is $50-150 per piece depending on the complexity, provenance and size of the stones. All appraisals will be quoted and approved by the client before work begins.
To increase the accuracy of the appraisal, please bring any documentation available such as: laboratory reports, sales slips and previous appraisals.