GJ103-OOO - Fundamentals of Jewelry Appraisal
Category: Gems & Jewelry
Continuing Education: 9.6
Registration
Please see the "Upcoming Classes" tab for class offerings and registration information.
Course Description
This class is intended to introduce participants to the
fundamental concepts and the basic knowledge needed to write
an appraisal report. Among the topics covered are ethics, competency, three primary roles
of an appraiser, three approaches to value, market types and layers, basic research
concepts, recognizing jewelry manufacturing methods and their influence on the appraisal process,
introduction to methods of data collection and analysis, and minimal
reporting standards including an overview of the ASA Descriptive Elements for
various types of jewelry. The class is based on the concepts engendered
in the Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal
Foundation and the ASA appraisal standards taught in the Principles of Valuation
series of courses.
This is an introductory class and does not contain the same level of
explanation and instruction students receive in the 120 hours of the ASA-GJ
Principles of Valuation course series.
Course Audience
- Gemology students considering pursuing a career as a
gems and jewelry valuer
- Retail jewelers or their personnel who
provide valuation services for their customers
- Gemological laboratory personnel providing valuation
services
- Insurance professionals, auctioneers and attorneys
seeking exposure to and a basic understanding of the requirements for
valuation of gems and jewelry
Instructional Methods
Instructional methods include class lecture with a corresponding slideshow, a
question & answer session / live chat (for the live virtual presentation format), links to further information,
and the downloadable Student Manual.
No prerequisites for this course.
Agenda
9:00am –
9:20am Introductions
9:20am –
10:30am Instruction
10:30am –
10:45am Break
10:45am –
12:00pm Instruction
12:00pm –
1:00pm Lunch (on your own)
1:00pm –
2:45pm Instruction
2:45pm –
3:00pm Break
3:00pm –
5:00pm
Instruction
Learning Outcomes
- Introduce valuation standards as they apply to
valuing gems and jewelry;
- Exposure to valuation terminology;
- Gain an initial understanding of valuation theory and
methodology as it applies to the valuation of gems and jewelry;
- Receive instruction in using specific gems and
jewelry descriptive elements;
- Learn to recognize different market levels and the
need to identify the appropriate market for the assignment;
- Gain exposure to techniques for research and
analysis; and
- Foster networking and professional relationship building invaluable to a
professional valuation practice.