A value insurance is necessary in case of theft ; the document has to be recent, detailed and containing photos (if possible). The insurance valuation doesn’t reflect the selling price but the replacement cost.
Charitable donation appraisal
Jewelry or art under the IRS tax code has a 20’000$ deduction with an appraisal document.
It’s a cash value or on the spot buying price following the diamond trading market. We examine and authentify the diamond, check the gemmological report, appreciate its beauty and come forward with a buying price.