You’ve probably heard that you should have your jewelry appraised every two to three years. Most of us don’t watch the calendar that closely, though, and time goes by much faster than we realize. Ok, so what if it’s been five years since your last appraised valuation?

Well, the price of gold today is two and a half times what it was five years ago. Platinum is twice the price. Some classes of larger, high quality diamonds have increased by 50% per carat in the last five years. While it’s great that your assets are appreciating, if your appraisal hasn’t kept up, you may be underinsured. To replace your treasured items you could get stuck coming up with the difference between the outdated insurance value and the new cost. Eek!

You didn’t realize you had a prong missing on your engagement ring? A thorough assessment is just one of the benefits of having your jewelry appraised regularly. It’s also a treat to have your jewelry returned to you sparkling clean.