Fair Market Value

Unlike jewelry insurance appraisals that require replacement value of an item, an estate jewelry appraisal determines the fair market value of an item. Fair Market Value is the purchase price that two willing parties would agree upon with no obligation to buy or sell, and is usually lower than replacement value.
Fair market value appraisals are typically completed for estate probate, IRS federal inheritance tax, dissolution of marriage, bankruptcy, establishing capital gains tax, estate planning, charitable contributions of gems or jewelry or distribution between heirs and estate taxes. 
While most estates and trusts are not subject to federal estate tax, having a less formal written appraisal report documenting fine jewelry, diamonds and gemstones can result in equitable distribution of assets in an estate or trust.
​In our comprehensive estate jewelry appraisal reports, each item will be evaluated by current condition to determine selling price in markets that would typically buy or sell the item.