First, I want to wish you all a Happy and Healthy New Year! I hope your holidays were full of blessings and cheer, and I look forward to spending the next year fulfilling your fine jewelry needs.
Second, and on that note, I want to remind you that with another year passing, your insurance appraisals may be going out of date. Precious metals have fluctuated over the last couple of years more than they have in the last fifteen years, and diamonds have steadily continued to rise.
I don’t know how many people I’ve talked to who haven’t had their appraisals updated since the late ‘90s. Anything more than two years old is grossly out of date. If you suffer a loss with such an appraisal on hand, you’ll be stuck with an obsolete valuation of your goods with which to try replacing them.
Now Christmas is past, my store is starting to get back into the normal swing of things. Appraisal return times are now only about two weeks instead of a month. Updates on appraisals we already have on file might be done even sooner.
Appraisals on new items are $75 an hour with a $45 minimum charge. Updates on appraisals we have on file are $25 apiece.
So start off the new year with a little proactiveness. Bring in your jewelry to be cleaned and checked – and repaired, if necessary – and to update your insurance appraisals.