Jewelry Repairs & Needs
Repair & General Needs
With proper care and maintenance, your jewelry will reward you with a lifetime of enjoyment and luxury. Lacey’s offers full jewelry repair service, appraisal services, custom jewelry and finding you anything your heart desires for all your jewelry needs. Once you receive that dream piece make sure to properly take care of it so it lasts for many years to come.
- Complimentary repair/service estimates
- Return shipping options
- Complimentary cleaning of all jewelry not just for Lacey’s
- Prompt and courteous professionals to care for all your jewelry
- All repairs/services done in a timely manner
- Financing available for large repair/service jobs
- All jewelry repairs, including sizing, chain soldering, resetting, prong evaluation and general repair
- Appraisal services including insurance replacement, estate value and purchase verification
- Inspection and cleaning of fine jewelry including engagement rings
- Custom design and creation of any fine jewelry piece
- Insurance document preparations and updates
- Polishing, cleaning, refurbishing of jewelry
- Restoration of vintage/estate jewelry
- Restringing for pearls, beads
Professional Appraisal Services
Knowing what your valuables are worth is always a sensible thing to do, being it your jewelry, watches or sterling silver. This is why it’s important to keep your appraisals up to date, especially given the continuing rise in the gold and gemstone markets. How much is mom’s diamond brooch worth? Can you share inherited jewelry equitably? Are you giving jewelry as a gift to a family member, or someone else?
Verify Internet Jewelry Purchase
Buying jewelry on the internet can sometimes be a risk. Even when you buy jewelry from trusted websites, there are times that you want to be sure that what you received is what you paid for. If you have questions like: “Is it real?”, “Should I have it insured?” or have bought items on eBay, Craig’s List, Blue Nile, Amazon, Overstock.com, and other such websites, a verbal appraisal can give you peace of mind. It may be one piece, several, or a jewelry chest of items. Buying online can save you money, and I can verify that what you bought is what you received.
Insurance Replacement Appraisal
The most important reason for having an appraisal done is for jewelry insurance replacement value in case of loss. An appraisal provides you with protection for proper reimbursement. If you lose your jewelry, you have a document describing your item in exact and extensive detail- stone measurements, clarity, and color – quality and value of the item. With this information, you can get the original item replaced with a similar one. Diamonds and gemstones of the same size can range drastically in value according to their specific qualities and characteristics. Therefore, you are protected and assured that the replacement is on par with the lost item. Most jewelry insurance companies request an appraisal for items above a certain value, for their homeowner’s policy. The appraisal validates their existence and condition, and determines proper coverage and premiums for the policy. Depending on how the policy is written, these appraisals are then consulted at the time of loss, theft or damage, to assist in replacement. The jewelry replacement value reflects the price that the client would most likely pay for one of the same or similar description on the date of the appraisal.
Fair Market Value
“The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of the relevant facts. The fair market value of a particular item of property includable in the decedent’s gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate. Thus, in the case of an item of property includable in the decedent’s gross estate, which is generally obtained by the public in the retail market, the fair market value of such an item would be sold at retail.”
An estate jewelry appraisal value is different than the appraisal value for insurance purposes. Fair Market value is used for estate-evaluation purposes, and is an assessment based on what a willing buyer and seller would agree to without a forced sale. Appraisal criteria for estate jewelry have been legislated to include specific information and data, but do not include the factor that an insurance replacement appraisal does, and so this usually a lower value.
Selling Gold & Diamond Jewelry
Occasionally many of us acquire fine jewelry that no longer is of use to us. It may be jewelry inherited from a grandmother, a great aunt, a past relationship or similar type circumstance. On such occasions, I can guide you through this process and give you a means of selling your jewelry in complete confidentiality. If you’re thinking that you’d like to sell jewelry or some of your items, call for a consultation.
Personal Jewelry Catalog
There are times when you want a record of your jewelry items or personal jewelry catalog. You may not need the full detail that an appraisal will give, but you want a document with digital pictures of your items, their condition, and value. The best times to have a Personal Jewelry Catalog created follow:
- You are getting your affairs in order and want to clarify the jewelry items you have.
- A document will need to be created that shows, on a current day, these items where seen and recorded.
- A family member has passed away leaving an Estate to be Valued and Distributed.
- A family member is moving out of their home into a care facility. (Assisted Living or Skilled Nursing)
- You have many pieces not itemized on your insurance but you still want record of owning them
A Personal Jewelry Catalog may contain a few items or many.
Bismarck's First Jewelry Boutique
For more information about who we are and our offerings Call us
or Sign up for our Newsletter!