top of page
PXL_20230328_153703210_edited_edited.jpg

About Us

About Berry Fine Jewelry

Since 2022, Berry Fine Jewelry has been providing our clients in the Atlanta area with the highest quality appraisals. We offer accurate and objective valuations for insurance, taxes, estate planning, acquisitions and more. We are qualified GIA Graduate Gemologists which draw on our highly specialized knowledge, impeccable skills and extensive experiences to produce unbiased appraisals. Let us know how we may be of service to you.

What type of appraisal is best for you?

Jewelry value is not as simple as the cash value a piece could be sold for at any given time. An item of jewelry can have at least three sets of value depending on the purpose for evaluation and marketplace. For example, an item of jewelry can be valued at $6000, $3800 and $1900. All can be true and valid appraisals depending on standard of value and category such as retail replacement value , fair market value, and immediate liquidation value. Choosing the correct value standard for your jewelry is critical for insurance needs and to an equitable resolution for the family and friends of an estate.

The most popular jewelry appraisal is an insurance appraisal for retail replacement purposes. If you are concerned about your jewelry being stolen or damaged this is the appraisal service which protects your investment. The point of this documentation is for insurance to return the value of the item insured. However, insurance appraisals have the least correlation to the actual market value of a jewelry item. Many people only know of this type of jewelry appraisal which is a theoretical value based on how much it would cost to replace the jewelry item with a new one. It is not the value of the jewelry item itself but the cost to create a new jewelry item to replace it. Therefore, this would be the least accurate value standard for dividing inherited jewelry.

An estate items value is estimated by the price an item would sell to a used jewelry customer. Your best choice for this service is a fair market value appraisal. A fair market value appraisal is an agreed upon pricing from a willing buyer to the seller when neither is compelled by time nor need to buy or sell in the item’s most common market. Fair market value must represent the item’s value in its current (used) condition. Fair market value is generally required for charitable donations and estate appraisals. Fair market values often run lower than retail replacement values would reflect.

Immediate Liquidation Value Appraisals reflect low values because of the situations that create their need. Divorce settlements and some types of estate liquidations may require this type of appraisal. This type of appraisal will determine approximately how much money you can expect to receive for an immediate resale. As a result, you can expect that sales price to be quite a bit lower than the fair market value jewelry appraisal.

bottom of page