Every diamond and fine jewelry purchase at Kay's Fine Jewelry (above $1000) comes with a certified lab appraisal for insurance and evaluation purposes. ... Jewelry pieces purchased for less than $1000 are accompanied by a detailed In-store appraisal with full listings.

How much does it cost to have a ring appraised?

Most jewelers charge anywhere from $75-$125 for a jewelry appraisal. Therefore, the cost to have your jewelry appraised is absolutely justified when you compare it to the value of your jewelry piece.

Do jewelers do free appraisals?

Often, a local jeweler, gold or diamond exchange or pawn shop near you will provide an appraisal for free, especially if you are a regular customer. Keep in mind that an appraisal is often inflated above what you might pay for the same item at a jewelry store, but can be useful for insurance or tax purposes.

Can any jewelry store appraise a ring?

Nearly all jewelry stores offer appraisals. Many jewelry stores have a jewelry appraiser on their staff. You can often contact the jewelry store ahead of time to schedule an appointment to have your jewelry appraised in front of you. Another option is to go to an independent diamond jewelry appraiser.

Can I sell my ring to Kay Jewelers?

You may trade in any diamond/diamond jewelry item purchased at KAY Jewelers (excluding lab-created diamonds/diamond jewelry) for a new diamond/diamond jewelry item that is at least double the trade-in value. Trade-in value is the original purchase price of the trade-in, excluding charges such as tax and shipping.

Another customer reports problem with ring from Kay Jewelers

How much is Kays jewelry worth?

About Kay Jewelers

Kay Jewelers is by far Signet's biggest brand, with $2.4 billion in annual revenue.

How much do pawn shops pay for diamond rings?

How Much Do Pawn Shops Pay for Diamond Rings? Most pawn shops usually pay about 30 to 60% of what a diamond is worth.

How long does it take to appraise a ring?

Two factors will affect how long it takes: who and how much. One piece of jewelry will take much less time to appraise than if you have multiple pieces. Expect it to typically take anywhere from a few days to about a week depending on how many items need to be appraised.

How can I appraise my own ring?

1. Spot the gold stamp.
2. Weigh your gold.
3. Calculate a price.
4. Spot the gold stamp. Use a magnifier if necessary and find the gold stamp on your jewelry. ...
5. Weigh your gold. ...
6. Calculate a price.

How do I find out what my ring is worth?

The most straightforward way to figure out the market value of a diamond is to check the prices of stones with the same carat weight and of the same clarity, cut, and color grades. You can do your research online and calculate an average price, which will serve as an estimate of your diamond's value.

Can I sell a ring for its appraised value?

The Value of a Diamond

This is why people often look to their jewelry appraisal for the value, however, appraisals are mostly done for insurance purposes and unfortunately, the truth is, you can NOT sell your diamond for the face value of an appraisal.

How do I know what my jewelry is worth?

1. Check for Hallmarks. Check your piece of jewelry for hallmarks, which will tell you what type of metal is used in the piece and how much; the country where the piece is from; the designer; and the manufacturer. ...
2. Look at the Prongs. ...
3. Weigh the Piece. ...
4. Check for Damage.

How can you tell that a diamond is real?

To determine if your diamond is real, hold a magnifying glass up and look at the diamond through the glass. Look for imperfections within the stone. If you're unable to find any, then the diamond is most likely fake. the majority of real diamonds have imperfections referred to as inclusions.

What does getting a ring appraised mean?

Basically, an appraisal is a piece of paper that verifies the facts about those rings you just paid a lot of money for. ... But the jewelry appraisal assigns a value to your entire ring, so it takes the diamond (and other stones) as well as the metal into consideration.

Should I get my ring appraised?

Ideally, an appraisal should happen as soon as you acquire your ring. The sooner the ring is appraised, the sooner insurance covers the item. Not only will this provide peace of mind, it is one less item to worry about during wedding planning.

Why is my ring appraised for more than I paid?

Often times engagement ring appraisals or other types of diamond appraisals reflect a value that is inflated – sometimes as much as double the retail purchase price - which allows insurance companies to increase the premium you pay to have your ring covered.

Do diamond rings go up in value?

In general, diamonds do not increase significantly in value over time. Outside of a small number of rare or colored diamonds, the vast majority of diamonds have decreased slightly in value over the last few years, making them a poor investment from a price appreciation perspective.

Do diamonds hold their value?

“Diamonds have and retain a market value that is either consistent or increases over time,” said jeweler and diamond expert Dan Moran of Concierge Diamonds Inc. ... “A diamond retains its value because there is a finite supply,” he said. “The basic laws of supply and demand maintain that as demand increases, value goes up.

Is it better to pawn or sell jewelry?

Even if you do meet all of your payments, the main difference between pawning diamonds and jewelry and selling diamonds and jewelry is that whereas selling generates cash, pawning only lends you money that you have to pay back with interest. ... Diamond buyers alone can offer the best prices for your diamond.

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. ... There is no reason for a jeweler to pay the same price for your diamond when such a stone can be bought for much less from a diamond dealer.

How much does the average ring weigh?

What Is My Ring Worth? Most women's gold wedding rings weigh between 1 gram and 7 grams; most men's rings weigh a little more, between 3 and 9 grams.

Why is Kays jewelry so cheap?

Kay Jewelers Pricing

Kay Jewelers make their diamonds seem more affordable by advertising them as 1.0-carat when, in fact, they sit at around 0.95 carats. Most would know that a 0.95-carat diamond will have a smaller price tag than a diamond weighing 1.0 carat.

Why is Kay Jewelers so expensive?

And there's a reason for that. Kay Jewelers' parent company, Signet, prioritizes advertising more than most other jewelry stores and brands out there. According to Racked, Signet Jewelers spends $333 million — just on advertising — every year. But clearly, it's money well spent.