How Much Is My Jewelry Worth? Understanding Appraisal Values for Insurance, Estate, and Resale

Understanding Jewelry Appraisal Values — and Why One Size Doesn’t Fit All

At Vintage Jewelers and Gifts, we’re often asked, “How much is this ring (or watch, or bracelet) worth?” The honest answer: It depends—what do you need the value for?

Jewelry doesn’t have just one value. The purpose of the appraisal determines which type of value applies, and understanding those differences is key. Whether you're insuring a diamond ring, dividing assets, settling an estate, or preparing to sell a piece, different contexts call for different approaches to valuation.

Here are the four primary types of jewelry value we work with—and when each is used:

1. Retail Replacement Value (RRV)

Used for: Insurance
This is the cost to replace the item with a comparable piece at current retail prices, including materials, labor, and standard retail markups.
Why it matters: It ensures your policy covers what it would actually cost to replace the item today if it were lost or stolen.

2. Fair Market Value (FMV)

Used for: Estate planning, divorce, tax filings
This is the price a willing buyer and seller would agree on in the open market, without pressure. It reflects resale value in a normal, non-distressed transaction.
Why it matters: FMV is the standard for legal and financial reporting—it’s what the IRS or courts expect.

3. Marketable Cash Value (MCV)

Used for: Selling jewelry
This is what you could realistically expect to receive in cash from selling the item, often through a jeweler, reseller, or auction—after fees or commissions.
Why it matters: MCV gives a more grounded expectation of what you might actually take home from a sale.

4. Liquidation Value

Used for: Urgent or distressed sales, legal proceedings
This is the lowest type of value and applies when an item must be sold quickly, such as in a bankruptcy, court order, or estate clearance.
Why it matters: It reflects the reality of fast, low-exposure sales—often to a wholesaler or at auction.

Real-World Example: One Diamond Ring, Four Different Values

Let’s say you bring in a classic 1.00 carat round brilliant cut natural diamond solitaire engagement ring set in 14K white gold.

Here’s how that same ring might be valued depending on the appraisal type:

As you can see, the same ring doesn’t have a single “worth”—its value depends entirely on the context. That’s why getting the right type of appraisal is just as important as getting the right number.

Why Choosing the Right Appraisal Matters

Using the wrong type of appraisal can lead to underinsurance, estate settlement disputes, or missed opportunities in a sale. That’s why it’s essential to work with an experienced appraiser who understands the purpose behind the valuation.

At Vintage Jewelers and Gifts, we’ve provided trusted appraisal services in Windsor, CA since 1992. Whether you're looking to insure, sell, or settle an estate, we take the time to evaluate your piece properly—and guide you toward the right type of valuation.

Need an Appraisal? Let’s Talk.
Stop by our store—right next to the post office in Windsor—or call to schedule a professional evaluation. We're here to help you make informed, confident decisions about your jewelry.