Press Releases

ASA Speaks to Differences Between Appraisers and Gemologists When Valuing Gems & Jewelry

Published

1 year ago

October 5, 2022

Press Releases

(PRESS RELEASE) HERNDON, VA — ASA has published an article that speaks to the differences between appraisers and gemologists when valuing gems & jewelry.

Authored by Warren H. Morss, GIA GG, ASA, MGA , the article discusses how the appraisal process has evolved into an accompaniment of the sale, an add on or a follow up which became nothing more than an expectation by consumers that unwittingly has devalued the appraisal into an afterthought devoid of proper content and lacking in consistent form.

It continues by explaining the need for professional standards and ethics, specifically The Uniform Standards of Professional Appraisal Practice (USPAP) and The ASA Code of Ethics, and how both are essential to promoting and maintaining a high level of public trust by establishing requirements for appraisers and their analyses, opinions and conclusions so as to be meaningful and not misleading.

The article closes by explaining the differences between appraisers and gemologists, including a look at education, training, market awareness and depth/quality of appraisal report – all of which directly benefit consumers, jewelers, and third parties such as insurance companies and banks.

View complimentary article here.

To learn more about ASA and its gems & jewelry education, credentialing and membership programs, visit here.

To hire an ASA appraiser today, visit here or call (800) 272-8258.

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Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”