Q. Is JLC insured?
A. Yes, JLC is insured by one of the industry’s most trusted insurance providers, Lloyds of London.
Q. How long does it take to receive payment for my jewelry?
A. Payment is guaranteed within 30 days from the date on which your Jewelry is consigned to JLC. In many cases, payment is received within 10 to 14 days.
Q. What type of jewelry does JLC consider?
A. JLC has a vast network of resources for all types of Jewelry. We recommend scheduling a free consultation to help you decide what’s best for you and your jewelry.
Q. How do I determine the value of my jewelry?
A. One of our expert appraisers will provide you with a fair market value of your jewelry.
Q. How does fair market value compare to the retail value of jewelry?
A. Like most thing that are purchased retail (i.e. new car verses used car), the true or fair value is typically less than the retail value. However, there are exceptions. Rare vintage jewelry in excellent condition may yield significantly higher values than its original retail value.
Q. How does the “appraised” value of my jewelry compare to the fair market value and retail value?
A. Most appraisals serve one primary purpose – in the event that your jewelry is lost or stolen, an appraisal provides an insurance replacement value. In essence, how much would it cost to duplicate your lost or stolen jewelry (precious metals, precious gem stones, labor cost, etc.)? Additionally, appraisals are very subjective. Invariably, if you receive five different appraisals on one piece of jewelry, you’ll receive five different appraised values. We recommend working with one of our experts to evaluate all values (fair market, retail, and appraised) to determine the best course of action for you and your jewelry.
Q. How does JLC evaluate my jewelry?
A. The process starts with a simple phone call or email. Initially, we may request a description and/or photo of your jewelry to help determine the appropriate selling option. Subsequently, a physical evaluation may be needed to determine important attributes such as condition, age, maker, etc. Once your jewelry has been evaluated, JLC will provide recommendations concerning the most lucrative and efficient means for liquidation. For more detail, see 4 Step Process to Sell Jewelry & Antiques.
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