Different valuation criteria are used for jewelry appraisal, depending on the use of the jewelry in question.

• Appraisal for payment.  When an appraisal is made for the purpose of selling a piece of jewelry in a consignment shop or a pawnshop, only the value of the gemstones is calculated.
• Appraisal for wholsesale  This is advisable when the appraisal is for inheritance purposes, and it includes the cost of materials, manufacturing and the manufacturer’s or wholesaler’s profit margin.
• Appraisal for replacement value or recommended retail price. This appraisal includes the retailer’s profit margin. This price is valid for insurance purposes in the case of theft, as well as in the case of an inheritance, when the rest of an estate is also being valued at current market prices.