GJ103-OOO - Fundamentals of Jewelry Appraisal

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.

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.