Watch Appraisal: What does it mean?
Watch appraisal is a quick and simple process carried out by an authorized watch dealer or watch service center. Under this process, the value of your watch is determined on the basis of the watch’s condition, the rarity of the watch, and the market price for it. This watch appraisal is given to you in the form of a certificate stamped by an authorized personnel.Things Watch Appraisal can be used for
Insurance is one of the top reasons why people get watch appraisal done. With so many watches getting stolen these days, people want to protect their investments. Here’s a list of reasons to get your watch appraisal done.- Insurance Valuation – More often than not, people come to us to get watch appraisal done so that they can present it to their insurance provider. Insurance providers then take this valuation into account and accordingly provide you with insurance coverage on the same. Just like any other insurance, the insurance premium can go up depending on the valuation of the watch. The higher the valuation, the higher the premium insurance provider might command. But at the event of a mishappening, at least you know you will end up getting your money back.
- Resale Value: At times it can be hard to determine a value of watch. It is rather easier to get a valuation for a popular model like a Rolex Daytona or a AP Royal Oak. However, if you have a rather rare timepiece and very little knowledge of the watch market, you might want to get an unbiased opinion on its true market value. A service centre like ChronoStreet that only deals in watch servicing, authentication and appraisals can be clear about giving you an exact value of your watch. While a watch dealer might undervalue your watch to get it for a better price from you.
How to get Watch Appraisal done?
Since ChronoStreet provides watch appraisal services, you can bring your watch to us and our experts can determine a value for your watch. Here’s how simple the process is.- Bring your watch along with its box and papers to ChronoStreet.
- Our watchmaker will check the watch for its authenticity.
- Our team will then further check your watch for its condition and check whether the watch is a rare one or a rather easier-to-find piece.
- Based on the results of the checks, our team will be able to provide you with a Watch Appraisal certificate with an approximate value of your watch.
Looking to get Watch Appraisal done?
