What is an appraisal?
A watch or jewellery appraisal is the process in which a certified professional carefully examines and assigns a monetary value to a watch or piece of jewellery. There are several types of appraisals for different purposes, and methods for assigning a final value depending on factors such as age or current condition. The most prevalent purpose for which appraisals are conducted is insurance, however other purposes include selling, estate planning, inheritance, advice prior to purchasing and more. Click here to view a sample watch appraisal
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Why do appraisals matter?
Appraisals are important because values of watches, gemstones and precious metals will vary greatly over time, which puts the owner or future owners at risk of sustaining substantial losses in the case of an unfortunate event. Whether it be damage, loss or theft, an appraisal would serve as a first line of protection.
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What can you expect?
In the case you have your watches or jewellery appraised, you can expect to receive a document containing all relevant information about the item, accompanied by a monetary value. Most often, this value is known as the Retail Replacement Value, which is simply an indication of its value as a new piece.
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Insurance
You'll need an appraisal to insure your valuables. Some policies offer worldwide coverage so you can travel with your items being fully secured. I'll be happy to recommend a list of trusted partners with whom I've worked with for over a decade. It is important that you can tailor your policy to suit your specific needs.
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Estate Planning
Jewels are for generations, make your plans in advance. It's expedient to be aware of the value of the items you're passing on.
Passed down through 3 generations...
A superb vintage platinum, 18k yellow gold, round brilliant diamond, ruby, sapphire and Colombian cabochon emerald brooch. Signed Bulgari. Property of a lady of distinction. 2.5 x 2.5 inches.
About Pritam
I am a third generation jeweller, a graduate gemologist (GIA London), a member of the International Coloured Gemstone Association (Ambassador of the UAE Chapter 2009-2012) and the former Vice President of the GIA Alumni Association (UAE Chapter). My experience spans from design to quality control, retail and advising private clients on how to insure and invest in gemstones and jewellery. I have appraised collections for all major Insurers and brokerages in the UAE. Some of these include Continental Financial Services, Wehbe Insurance Services, AXA, Oman Insurance, Driesassur, AIG Private Clients, Gargash Insurance, Nexus, Zurich and more (references available upon request).
Pricing
Prices below are for site visits and issuance of appraisals in Dubai only.
1-14 items $100 per item (no minimum number of items)
15-39 items $1500 total
40-69 items $2000
70 items or more $3500
Abu Dhabi and other Emirates will cost $1500 (daily rate) up to 39 items. 40-69 items $2000, 70 items or more $3500. These prices are inclusive of site visit and issuance of final appraisals.
Please note that appraisals will only be issued after a physical inspection of your items.
Some of our partners
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WEHBE Insurance Services are an award-winning Insurance Broker established in Dubai in 1969. Since then, WEHBE Insurance Services are considered one of the most renowned names in the UAE Insurance Intermediary Industry. We are also an independent insurance broker in the GCC region and a member of GBN & Globex
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Licensed by the Insurance Authority and the Securities and Commodities Authority of the UAE, Continental represents several of the world’s leading insurance and financial institutions.
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Formerly known as Oman Insurance, Sukoon is one of the UAE's leading brokerages established in 1975. Sukoon is one of the largest publicly listed insurers in the UAE
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Nexus Group has over 400 qualified professional consultants and is actively supported by over 105 dedicated and qualified management and support staff globally offering a broad range of licensed products from regulated providers. The company was established in 2006 by Mahmoud Nodjoumi, founder and chairman, through a management buy-out of the distribution arm of Zurich International Life in the Middle East which had been established in the region since 1989.
Testimonials
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F.C
Pritam was professional and thorough. Most of my items were gifts and required much research. He managed to provide a thorough and detailed appraisal. Highly recommend his services.
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L.H
As a watch collector, I was impressed with Pritam's attention to detail and awareness of market price fluctuations. Highly appreciate his help, my watches are worth my more than I had imagined. Many thanks!!!
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S.P
I learned much about the diamonds which I inherited. It's true that every jewel carries with it a tale. Thank you, Pritam.
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Akshay Sardana
Pritam has worked with our brokerage for over 12 years and is truly a professional. His appraisals have led to successful claims every time. Keep up the good work!
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Omar Wehbe
Pritam has been appraising collections for and advising our private clients for many years. He is knowledgeable, professional and his work is very detailed. It's been a pleasure working with him and we look forward to working with him in the years to come.
