Thursday, July 17, 2014

Appraisal Uses: When and Why

Just as you wear jewelry for different occasions such as formal, daytime, and “After Five”,  jewelry appraisals are needed for different purposes and, as a result, come in a variety of types. The following are a few of the more common appraisals. 

Insurance Replacement is the most common appraisal and may be defined as follows:
     The purpose of this appraisal is to estimate the current retail value of the listed jewelry. 
     The function of this appraisal is to establish a basis for insurance policy valuation.

The term “Current Replacement Value” should be defined as follows:
      “The price in terms of money that would be required to replace the property in question with
        another of similar age, quality, origin, appearance, condition and provenance, within a
        reasonable length of time in an appropriate market.”

Estate (Fair Market Value) 
Jewelry left to heirs in probate is valued at Fair Market Value (FMV) which is used by the IRS for estate tax liability and donation purposes.  The IRS defines FMV in part as:  “The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell, and both having reasonable knowledge of relevant facts.

When someone wants to dispose of his or her jewelry or estate, the best outcome may result if they put their items up for sale on a consignment basis because of the typically higher prices received.  If the property must be sold quickly, consignment is not practical.
If you are trying to sell a valuable item, you may want a resale appraisal that details the description, precise measurements and grades of stones, and a determination of the resale value within the appropriate market.

Comparison Appraisal
Jewelry is often appraised for comparison purposes when a client brings in an item to verify the identity and/or quality claimed by a third party or to determine the fairness or viability of the asking price. They may be curious of the following:
·        Did I get a good deal?
·        Is it worth what I paid?
·        Is it worth more than I paid?
·        Is it the quality I was told?

Who should do your appraisals?
Like many professions, appraising requires years of experience, ongoing research, proper equipment and continuing education. Not all appraisers are good for every assignment, but have areas of expertise depending upon the type of jewelry and the markets where the item in question is most commonly sold.  

Appraisers are not licensed, but they have plenty of rules to follow from professional appraisal associations and organizations. Their ability to comply with those rules depends on a lifelong dedication to knowing as much as they can about gems, jewels, metals, manufacturing, treatments, fraud, the marketplace, the history of art and the fickle finger of fashion.

At the bare minimum, an appraiser should be credentialed and verified as a GIA Graduate Gemologist and be in current good standing by a recognized professional appraisal association or organization.  What is also necessary is that they have been trained not only from years of experience, but in appraisal methodology and gemology.   

At Naifeh Fine Jewelry, we have two Certified Gemologist Appraisers (CGA), credentialed by the American Gem Society (AGS). The CGA title is the jewelry industry’s highest award, and the AGS is the only organization that requires yearly re-exams to its titleholders. This certification and continuing education ensures our customers that when they trust us with an appraisal, they are indeed receiving it from those who have earned the highest accreditations.

Randy Stricklin, GG, CGA
GIA Graduate Gemologist
AGS Certified Gemologist Appraiser
Naifeh Fine Jewelry

Tuesday, June 10, 2014

Jenn Whitekiller, Head Jewelry Designer

What an exciting time to be a jewelry designer! I've been in the industry for almost nine years now, and I have to say that the latest trends in jewelry design have been among my favorites!
One of the hottest trends right now is pink gold, commonly referred to as "rose gold." The soft pink color is obtained by alloying (or mixing) copper and yellow gold resulting in a very unique color. The pink hued gold looks incredible when paired with white diamonds, as well as white gold, and can take on a particularly charming look when juxtaposed with the rugged appearance of rough or rose cut diamonds. I am also seeing rose gold used in settings with colored stones like amethyst, topaz, sapphire, and natural colored diamonds. One of my favorite combinations is that of natural, cognac colored diamonds and rose gold. The warm tones play off of each other for an unexpectedly pleasing look. 

Another trend that continues to gain attention is the use of rough or rose cut diamonds in place of traditional cuts. Rough cut diamonds come in many interesting colors and shapes. Some are used in their natural cubic form while others look more like a rock plucked from a river bed (and in some cases they are just that!). Rose cut diamonds traditionally have a smooth, flat surface on one side with a multi-faceted surface on the opposite side. Rose cuts are particularly interesting because they allow for a variety of color (or clean and clear) while still giving off a little sparkle.

Whether I am starting from scratch with a rose cut diamond or sapphire, or have been provided with stones that a client wishes to incorporate into the design, our custom design process is fun and exciting for us as well as the client. Many times we start with a few different sketches that incorporate the ideas and details that the client wishes to capture in the new piece. Once a drawing has been decided upon, the piece is often created in a 3D, wax form making it easier for the client to visualize the size and scale of the piece as well as where the stones and metal detail will be placed. From this point the piece is cast in the chosen metal, and then given the appropriate finish and texture once the stones have been set. The entire experience is very personal, and the client is involved every step of the way, making custom design at Naifeh Fine Jewelry a truly memorable experience.

Friday, November 9, 2012

I'm Back!

I can't believe I haven't posted a blog since last April!  Between running a jewelry store, hosting a foreign exchange student and trying to prepare a high school senior for college, life has been pretty busy...not to mention the fact that I participated for the first time as an exhibitor at a jewelry trade show last February, The Buyer's Market of American Craft in Philadelphia.  I'll be there again in 2013, with fresh additions to my line, so I hope to see a lot of the friends I made last year and meet some new ones!

We have a slate of exciting trunk shows and events coming up at the store in the next 2 months.  First, Turkish designer, Lika Behar, will be in Oklahoma City next week.  She is the featured designer at the Oklahoma Heart Rhythm Institute's annual luncheon, courtesy of Naifeh Fine Jewelry.  Lika brings her entire collection of colorful gemstones and pearls set in oxidized sterling and 22kt gold, and a percentage of sales will go to support research and development at HRI.  For more information or tickets to the event, call 405-271-9696 ext. 37507.  Or, for a sneak peak, stop by our showroom in Casady Square on Tuesday, November 13th, from 1-4pm.  You can meet Lika, see the collection, and get first pick before the shopping madness on Wednesday at the event!

I'll be back soon with a complete calendar of all of the exciting events we have coming up for the holidays, or just check out the calendar at!


Tuesday, February 14, 2012

Congratulations to our 6th Annual Perfect Proposal Winners

Each winning couple will receive a prize package worth $5,000 dollars including diamond jewelry from our store!

We would like to thank all of the participants in our contest this year! We love putting on this contest every year and reading the delightful proposal stories. Thank you & Happy Valentine's Day!

Click Here to Read the Winning Stories!

Wednesday, December 14, 2011

"O" Joy!

“O” Joy!

Check out the spread on black jewelry featuring Sarah Graham’s Confluence Diamond ring in oxidized cobalt chrome in the December issue of O Magazine!
According to the O editors, the holiday's must-have accessory is stunning black jewelry. More unexpected than silver or gold, black jewelry adds a luxurious, splurge-worthy touch to holiday outfits.

Confluence Oxidized Cobalt Chrome Ring available with .10 ct white diamond $1210 or .25 ct white diamond $2560. Also available with cognac diamond, or set your own!

Tuesday, December 13, 2011

Suzy Landa in Store Tuesday!

Suzy Landa is a self proclaimed "refugee of the film business". She spent 15 years in the trenches before finding her true calling, making candy colored delights for the self-assured woman. 

We are lucky enough to have her full collection in store Tuesday, December 13th. So stop by and indulge yourself in this "sweet" collection.

Saturday, December 10, 2011

Ultimate Proposal & Wedding in Oklahoma City!

Photo by Traina Photography

We are very excited to be participating in the upcoming "Your Ultimate Wedding" this January!  In the meantime, Von Wedding Films captured the proposal that our prospective groom, Michael Gulikers,  made to his future bride, Malorie Christian, last Friday night!  Balliet's provided Malorie's stunning gown and Moliere Bridal will provide Malorie's wedding gown for the January 13th nuptials.

Photo by Traina Photography

We were thrilled to provide the stunning engagement ring; a beautiful cushion cut diamond set in 18kt white gold and surrounded by a halo of tiny diamonds! Malorie also wore beautiful diamond and white gold earrings and a bracelet by Memoire!

Cheryl Brown’s fabulous home in Heritage Hills provided the perfect backdrop for the proposal. Marianne's Rentals provided staging and will provide the spectacular table settings for next month's ceremony which will take place at the Oklahoma City Golf & Country Club.

Fairytale Wedding Proposal from Von Wedding Films on Vimeo.