Bridal & Engagement
Jewellers Vigilance Canada
Appraising a piece of jewellery essentially means determining its value at that point in time. Professional appraisers must first be able to identify the item correctly, and then evaluate its quality accordingly. They must also be able to convey their findings in a written report, justify their process, and abide by a professional code of ethics.
Very often, the role of a gemologist is confused with that of an appraiser, as gems have become synonymous with high value. When consulting a gemmologist, many consumers expect to find out the values of their stones. However, while gemmology and jewellery appraisal are complementary disciplines, they are two distinct specialities.
A gemologist is an expert in identifying gems, whereas an appraiser assesses their quality and then determines their value based on commercial context and market pressures.
An insurance appraisal is a comprehensive description supporting an estimate of value, to be used as the basis for establishing the cost of an insurance policy. It represents the top value for settlement in the event of a claim.
The Canadian Jewellers Association represents consumer trust and confidence among the jewellery-buying public. With ethics and social responsibility at the forefront, CJA members aim to provide their customers with the highest quality of service and information available when it comes to appraising gemstones and jewellery.
An appraisal is an unbiased opinion as to the identity, composition, qualities and values described in an appraisal document–the official report of the appraisal. The document must include a detailed description of the item, using recognized terminology and grading systems.
Canadian appraisers can efficiently regulate their work using the Jewellery Appraisal Guidelines – Minimum Acceptable Standards, published by the CJA. The Certified Appraisal Professional Program is open to anyone with an interest in gem and jewellery appraising and who agrees to uphold the AAP Code of Ethics and Standards.
When inquiring about the identification and valuation of gems and jewellery, it is important to remember the value assigned to jewellery can vary depending on the function of the appraisal or report. It is essential to communicate your specific needs and purpose with your appraiser for the most relevant result.
Your CJA jeweller will provide you with a receipt for the purchase price, as well as a detailed description of the jewellery purchased.
For some insurance purposes, you will want to obtain an appraisal from a member of the Certified Accredited Appraiser Program (CAAP) of the CJA.