The recovery value
Is the monetary value necessary to restore the piece of jewelry at the time the appraisal is carried out.
These include, among others, the following parameters to define the restoration price:
Material value
The material value is determined based on the silver, gold, platinum, or other alloy used, following careful alloy testing. Material hallmarks are generally found on the jewelry, but it's still advisable to verify them.
Workload
Depending on the era from which the piece of jewelry comes, a different amount of work was naturally required to produce a piece of jewelry than today, in which standard jewelry lines use large-scale machines to produce molds using 3D printing and then use these as casting molds.
Era / History
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Stocking
The most difficult and time-consuming part is usually the gemmological testing of the precious stones, which completes the piece of jewelry into something unique. Often, the stones are very well set or so small that it can be difficult to determine their authenticity.
As if that weren't complicated enough, the treatment and origin of precious stones are also important factors in determining their price. A sapphire from Sri Lanka, for example, is significantly cheaper than one from Burma or Kashmir.
Final calculation
Finally, all the findings and evidence from the investigation are summarized and calculated based on the monetary cost of restoring the piece of jewelry today using today's resources.