GJ201-202 - Foundations I: Appraising Gems and Jewelry for Insurance Coverage

Registration

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Course Description

NEW COURSE!  This brand new course is the first of two new Principles of Valuation (POV) courses of study for Gems and Jewelry appraisers. Whether you are new to the jewelry appraisal profession or regularly rely on the services of a jewelry appraisal professional, you will find the most current appraisal terminology together with appraisal development and report writing instruction presented in this course invaluable.   GJ201/202 is designed to build a strong foundation and understanding of principals of valuation as they apply to gems and jewelry appraising, and to introduce the student to ASA descriptive guidelines for gems and jewelry.  The required sections of an appraisal report for insurance coverage will be presented as modules with student exercises that encourage individual thinking and allow the student to apply valuation theory to his or her unique practice.  Students are required to bring a current appraisal for insurance coverage and will apply the theory and writing curricula to develop their report throughout the course. The limited class size affords participants the opportunity to network with top-level appraisers from across the country.   

Instructional Methods

The instructor will present material through interactive lecture and discussion combined with class exercises to create a positive learning environment in which students are encouraged to ask questions and share experiences. 

Course Audience

This course in intended for those interested in pursuing a career in appraising gems and jewelry, currently practicing appraisers, and insurance industry professionals who regularly rely on gem and jewelry appraisals for coverage decisions.

Agenda

Insdtructional Days:

Opening Remarks/Introductions

Interactive Classroom Lecture

Mid-Morning Break

Interactive Classroom Lecture

Lunch On Own

Interactive Classroom Lecture

Afternoon Break

Interactive Classroom Lecture

Learning Outcomes

Upon completion of this course,students will:

1. Possess the tools and confidence necessary to write and/or interpret Gems and Jewelry appraisal reports to be used for insurance coverage in compliance with ASA and USPAP report writing requirements;
2. Recognize and interpret a professional jewelry appraisal report; 
   Understand theories and methodologies relevant to gems and jewelry appraisals for insurance coverage;
3. Apply basic theory, concepts and vocabulary learned in GJ201/202 to gems and jewelry appraising for insurance coverage;
4. Describe and document jewelry following the ASA-GJ Gems and Jewelry Descriptive Elements;
5. Gain an understanding of markets and market levels and their relevance to the appraisal assignment and the subject property; and
6. Prepare an appraisal report for use in scheduling insurance coverage that complies with the Uniform Standards of Professional Appraisal Practice (USPAP) and may be used as part of the ASA GJ accreditation program.