Angie's List: Selecting jewelry appraisers and properly insuring the value

LEWISTON, ID - Whether you're hoping for something sparkly this Valentine's Day or you're planning to give a little bling, that gift is an investment you'll want to protect.

In today's Angie's List report, how jewelry appraisals work.

"My four year old daughter had been in there playing dress up," said consumer Megan Wright. "Swiped my rings, probably tried them on herself and she left them in the toe of my shoe."

"Having your jewelry appraised can make sure you have it valued at the correct amount, especially with the fluctuation we've seen in gold prices," said Angie's List Owner, Angie Hicks. "The pricing and value of your jewelry can and does change overtime so you want to be sure you've got it insured for the right amount. If it does end up lost or stolen you get the right return."

"I was surprised to learn that the cost had actually gone up or what the appraised value is and again that was due to changes in the industry," said Wright.

"Because of the volatility of gold, especially, it's been very important that you have it checked every few years," said jeweler, Greg Bires. "Gold was three, four-hundred dollars an ounce four or five years ago, now it's $1,200 an ounce."

"When selecting an appraiser you want an experienced appraiser," said Hicks. "Also, the one point we find is how they charge. You want to steer away from companies that charge by a percentage of the appraisal. Instead, a flat fee or an hourly fee is the best route."

"It's very affordable and creates great piece of mind in the event that your rings end up in the bottom of your shoe," said Wright.

Angie's List warns you should choose your appraiser wisely. Check for certification by a group like the American Gem Society. And steer clear of any appraiser who charges you a percentage of an item's appraised value. Appraisals shouldn't take much more than a day, so be wary if the appraiser wants to keep your jewelry much longer than that.