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Know what you have.
If you, along with other family members, have inherited jewelry it is very important to know the current resale values of your pieces. This can prevent unnecessary disagreement among family members and allow for fair division of your loved ones valuables.
But, what if you have receipts or insurance appraisals, isn’t that good enough? Those are very helpful starting points and please bring any paperwork especially GIA certificates, but a current market value estate appraisal will help you get closer to what you might actually get for those items in the current secondary market. For example, South Sea Pearls that a grandparent may have bought for a pretty penny may not have retained their original value. Alternatively, a quality diamond or collectable watch may have appreciated in value.
Should I take my inherited jewelry to an auction house?
We often work with auction houses for particular pieces, but bringing an entire estate to an auction house is not always the best move. The fees for the estate can be as much as 30-50% at auction. This can be worthwhile for a special or unique piece that may go for a premium, but might not be worthwhile for a diamond or gold.
How do I know what to keep, sell or reinvent?
These are all very personal decisions, but we can help you gather and understand the data on each piece, in order to help you make the best decision. Also, when appropriate, we specialize in repurposing and reinventing so you can take an item out of the safe and actually wear something that a loved one has given you.
What can I expect to happen if I bring in my inherited jewelry, gold, diamonds, gems and fine timepieces?
Ben will examine, weigh, measure and test each item as necessary. He will provide you with an itemized description and offer on each piece. Some pieces may need further research or certification and we are always happy to help with this.
