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Types of Services |
Replacement
Value |
This report is most
commonly referred to as an insurance appraisal. This
type of report is necessary for insuring your items
against loss or damage. The accuracy and detail
included in this report makes it possible to identify
or have exact duplicates
recreated of these precious items should they ever be lost
or stolen.
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Estate
(probate) |
This report is for
estate evaluation purposes and is necessary to determine
inheritance taxes on an estate. Jewlery
values for estates
are legislated to include specific information and data. Fair
market value is used for this type of valuation and it is always
necessary to include comparable sales.
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Divorce
Settlement/Dissolution of Marriage |
This is a fair market
value report for an equal division of common property.
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Damage
Report |
This report expresses
the difference in value resulting from breakage and
estimates the cost of the removal, re-cutting and
resetting
of the gemstone, as well as the value of the re-cut gemstone (loss
of weight).
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Donation |
These reports are
based on fair market value and are necessary for
tax deductions of donated
items.
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Liquidation |
This appraisal value
is determined when an owner decides to convert jewelry
items into immediate cash. The sale can be held under
forced or limiting conditions and with time constraints, such as
under court order or bankruptcy.
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Comparison |
This report is for
a client who brings in a jewelry or gemstone item
to verify its identity and/or quality as claimed
by the seller. Comparison appraisals usually reflect the item
at its most common retail replacement value.
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Post
Loss |
This report establishes
the value of a previously undocumented item that
was lost or stolen. This is a hypothetical valuation based on information supplied by the client
and supported
by photographs and a description
of the item.
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Casualty
Loss |
This report determines
the fair market value of a lost, stolen, or destroyed
item not
previously
documented. The IRS allows an income tax deduction of some portion
of the value with a proper casualty loss appraisal.
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