The days of the one line generic jewelry appraisal are numbered. The insurance industry is becoming more involved in the type of appraisal their clients obtain and sending them to independent laboratories for complete and accurate gemological descriptions - like the ones NGL has offered for over a decade.
In addition, diamonds individually valued at over $10,000 often require a diagram of their internal characteristics. This service is always available through NGL and although we recommend a loose diamond for such inspection, mounted diamonds can be plotted as well.
The most significant changes in the appraisal business are going to be coming from new legislation, however. In both the US Congress and Washington state legislature, bills to regulate the appraisal industry are being reviews and will be seeing action soon. First affected will be the real estate business, long a target for congressional scrutiny, but next will be personal property appraisers, such as those of fine jewelry. We at NGL welcome this intervention, but only hope sufficient requirements and limited "grandfathering" for appraisers is also enacted.
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- Northwest Gemological Laboratory
- Northwest Gemological Laboratory, Inc. (NGL) is the Pacific Northwest's leading independent appraiser of fine jewelry and gemstones, with state-of-the-art facilities in Bellevue, Washington. Our Graduate Gemologists adhere to the highest gemological standards in the industry, without ethical compromise.