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Necessary Qualifications for an Appraiser

St Louis Jewelry RepairsBasic requirements are:

  • Formal education in gemology
  • Training in principles of valuation
  • Training in evaluating various manufacturing methods
  • Experience in buying and selling
  • Knowledge of various levels of value and how they affect the market from source to consumer
  • Knowledge of current wholesale and retail prices of gemstones, jewelry and watches
  • Knowledge of actual sales prices with access to verifiable data
  • A complete gemological laboratory
  • Compliance with the NAJA requirement to pass the Munsell-Farnsworth 100 Hue Test. This test is used to separate persons with normal color vision into classes of superior, average and low color discrimination.
  • It should be clear that appraising is a discipline separate from gemology, with a recognized education and certification program for the appraiser to follow. Mastery of principles and methods and allegiance to a code of ethics are only the start. Education must remain on a continuing basis.

Estimates of replacement value may vary from one appraiser to another and such a variance does not necessarily constitute error by the appraiser, but is an indication of differences in the chosen approach to market analysis.