An appraisal is an opinion of value for a particular market on a particular date. The document describes in detail all the qualitative and quantitative attributes necessary to arrive at the value conclusion. Appraisals are needed for a variety of purposes, the most common being scheduling items for insurance purposes to cover theft, disappearance and damage. For estate purposes, the appraisal is used to determine the fair market evaluation for resale or equitable disbursement of inherited items. In the case of new purchases, an independent appraisal confirms the value of a new purchase with an unbiased and ethical third-party source.
Insurance Appraisals
An insurance replacement appraisal establishes the cost of replacement of an item in case of loss, theft or damage. GCS insurance appraisals provide an accurate and detailed description and photograph for documentation of jewelry items. Original documents are laminated and enclosed in a special folder.
Consultations
- Examination & sales advice of items prior to sell
- Confirmation of new purchase
Legal Services
- Consultation
- Litigation Support
- Arbitration Support
- Expert Witness
Estate Appraisals
An estate appraisal is utilized in the administration of the estate of a deceased individual to establish payment of the inheritance tax or for fair division of the estate property among the estate heirs. The estate appraisal is based on the Fair Market Value as defined by United States Treasury Regulations.
Other Appraisals & Services
- Bankruptcy
- Divorce Settlement
- Charitable Donation
- Liquidation, forced or orderly
- Damage
- Salvage
- Hypotheticals
- Gemstone Identification
- Verbal identifications and valuations