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How to Value your Jewelry at Home or Work | Lesson 1

How to Value your Jewelry at Home or Work

Welcome to this publication from the Jewelry Valuation Appraisal Center and Golden-Books.com

You are about to discover the intricacies and formulas that highly qualified Gemologists and Valuers are using, right now, to evaluate and appraise gold, silver and platinum jewelry.

But before we begin, I would simply like to bring you ‘up to speed’ on what will be required.

As you know, the art of valuing jewelry takes many years to learn (over five years before you can graduate) and then takes several more years to gain the necessary experience to ‘get it right’.

Gemologists don’t all become Valuers because of this high level of study, which doesn’t include the expense of Microscopes, Refractometers, Dichroscopes and and and….

Gemologist In Your Pocket

In this program we don’t even want to explain what these pieces of equipment are because firstly; they are too expensive (you can pay thousands of dollars just for a binocular microscope) and secondly because you are not a trained jeweler, and probably don’t want to be.

So don’t let that put you off because we are NOT trying to turn you into professionals overnight. That would be wrong of us to even try.

You don’t want the Jargon either. Just some simple facts.

What we are going to achieve is nothing more than a simple understanding of what you need to know, to at least get a ‘Slippery Grip’ of basic terms plus an understanding of valuations in general.

The hardest part is NOT the testing, or algorithms involved, but the correct and systematic identification of what you are trying to value.

We are going to break everything down into simple basic steps so don’t over complicate things.

  • Do this
  • Then do that
  • And so on.

The calculations are nothing more than a natural outcome, which just proves what can be accomplished using the most simple school mathematics and tools found around your home (more on this later).

If you can multiply and divide, and add money, you can do this course.

We assume you are trying to get a ‘Ball Park’ figure on something you own, or want to own, or sell, or insure.

Which brings us to the first question.

What exactly is a Valuation or Appraisal?

#HINT It’s NOT What something is Worth!

This is an important, yet sadly overlooked concept.

People, just like you, just want to ‘Know what it’s Worth’ but that’s a very subjective statement.

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