[Jewelry making - Article 00139] - Re: [Orchid] Appraisal

[RevDodwil]

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    Appraising and getting trained regretfully is not as easy as just
    getting a Graduate Gemologist diploma from GIA.  It is a four fold
    resposibility.  You need training or a competent understanding of
    Gemology, Jewelry manufacturing, Valuation principles and throw in a
    little legal understanding. 

    Some organizations that offer appraisal training aRe: ASA (American
    Society of Appraisers) www.apraisers.org ISA ( International Society
    of Appraisers) www.isa-appraisers.org NAJA (National Association of
    Jewelry Appraisers)  www.? 

    These organizations cover the appraisal qualifications of the US so
    internationally you would have to research you local appraisal
    requirements.  These organizations comply with USPAP (Uniform
    Standards of Professional Appraisal Practice) and They also comply
    with laws and requirements of the UCC (Uniform Comercial Code)
    though there may be differences between state and federal code
    within the UCC in your location. 

    USPAP is a document put out by the Appraisal Foundation
    (www.appraisalfoundation.org) and is a guide for appraisal
    proceedures and behavior.  The appraisal foundation is authorized by
    Congress as the sourse of Appraisal standards and appraiser
    qualifications. 

    In the US real estate appraisers are the only appraisal discipline
    required to be licensed and tested.  Personaly property appraisers
    (i.e. gems, jewelry and watches)  may not have to be licensed but
    still are affected by the FTC (Fedreal Trade Comission) UCC laws and
    Guidlines.  So membership in a reliable appraisal organization and
    more importantly training in appraising as well as your discipline
    (gems and jewelry) contribute greatly to keeping you from
    liabilities that you probably didn't know existed until you have to
    go to court.  And if you think that just by printing "I am not
    responsible for anything writen in this appraisal" protects you, you
    had better read the UCC or ask a lawyer because you can claim many
    things, but laws and regulations have a way of finding false claims
    or unprofessional bahavior. 

    Now that's a mouthful. 

    It may sound as if I am trying totalk people out of doing appraisals
    and in a way I am.  There are too many hack appraisers out there
    that feel they can do it because they are a gemologist and have been
    in the jewelry trade for 20, 30 or 40 years or "I have never had any
    problems with my appraisal before" or "the insurance companies have
    no problem accepting my appraisals".  Th reality is that an
    insurance problem may not occure unless a valuable item is lost, a
    questionable appraisal is used to process the claim, and the claim
    is denied due to that questionable appraisal.  The client may choose
    to sue the appraiser.  Another reality is that inflated appraisals
    are often used as sales tools.  This give the consumer a false sense
    of value (i.e you paid $2000, but it's really worth $4500.  All this
    does is drive up insurance premiums and possibly falsly justify a
    "deal" that probably wasn't a deal at all. 

Good luck,
Welcome to my world.
Arthur Anton Skuratowicz NJA GJG (GIA)
Anton Nash LLC

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