Conger's Jewellers
Terms and Conditions

1. Terms

By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.

2. Use License

  1. Permission is granted to temporarily download one copy of the materials (information or software) on Conger’s Jewellers web site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:
    • modify or copy the materials;
    • use the materials for any commercial purpose, or for any public display (commercial or non-commercial);
    • attempt to decompile or reverse engineer any software contained on Conger’s Jewellers web site;
    • remove any copyright or other proprietary notations from the materials; or
    • transfer the materials to another person or “mirror” the materials on any other server.
  2. This license shall automatically terminate if you violate any of these restrictions and may be terminated by Conger’s Jewellers at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.

3. Disclaimer

The materials on Conger’s Jewellers web site are provided “as is”. Conger’s Jewellers makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Conger’s Jewellers does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this site.

4. Limitations

In no event shall Conger’s Jewellers or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on Conger’s Jewellers Internet site, even if Conger’s Jewellers or a Conger’s Jewellers authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

5. Revisions and Errata

The materials appearing on Conger’s Jewellers web site could include technical, typographical, or photographic errors. Conger’s Jewellers does not warrant that any of the materials on its web site are accurate, complete, or current. Conger’s Jewellers may make changes to the materials contained on its web site at any time without notice. Conger’s Jewellers does not, however, make any commitment to update the materials.

6. Links

Conger’s Jewellers has not reviewed all of the sites linked to its Internet web site and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Conger’s Jewellers of the site. Use of any such linked web site is at the user’s own risk.

7. Site Terms of Use Modifications

Conger’s Jewellers may revise these terms of use for its web site at any time without notice. By using this web site you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

8. Governing Law

Any claim relating to Conger’s Jewellers website shall be governed by the laws of the Province of Ontario without regard to its conflict of law provisions.

General Terms and Conditions applicable to Use of a Web Site.

Thank you,

Dave Conger
Graduate Gemologist (GIA)

1907 Garfield Ave.
Ottawa, ON K2C 0W6

Tel: (613) 722-4547
www.congersjewellers.com

Types Of Jewellery Appraisals

The value of an item of jewellery depends on the purpose of the evaluation. It’s the same as your car. If you sell it, the value is most likely lower than the cost of replacing it new. The first value would be the Fair Market Value and the second would be the Replacement Value.

Here Are Two Popular Types Of Jewellery Appraisals:

Insurance Appraisals

An insurance appraisal is a complete description of an item of jewellery, supporting an estimate of the value, to be used as the basis for establishing the coverage and cost of an insurance policy. It establishes the upper limit of insurance coverage for an item of jewellery and is based on that item’s most common source for replacement. This is called the replacement value. For example, if an item is an antique cameo brooch, the value of that item will be established by researching the costs of similar items at auction, antique stores, or estate sales, rather than a retail jewellery store. This is because a retail jewellery store would not be the most common source for an antique cameo brooch.

When an item is sold by brand name and is clearly identified by way of markings, the appraisal value is the cost to replace the item with the same brand. If the branded item is no longer available, a comparable value will be used.

Important

Check with your insurance company. Without a jewellery appraisal, most home policies may offer a minimal level of insurance coverage in the event of theft. It is normally required that you to submit a jewellery appraisal to receive proper and full coverage for all risks. Without the appraisal, you may be subject to a limit of coverage and often have to pay a deductible in the event of a claim. Deductibles are normally between $500 and $1000. Your broker or agent would be able to help answer questions regarding your coverage and make good suggestions to help you insure your jewellery in the best possible way.

Insurance premiums are expensive before a loss and really inexpensive after one.

Estate Appraisals For Probate

When a person passes away, their property (including jewellery) is described and evaluated for probate. In the case of assets like jewellery, the Fair Market Value, rather than the Replacement Value is used. This is the value that the item would sell for in an open market. Even if the jewellery is not for sale, the Ontario government requires an estimated value of the jewellery as though it was sold one minute before the time of death. It is advised that you have a professional jewellery appraiser prepare the estimated value because the government has the right to question any estimate for several years after the time of death. As the Executor of the will, you are responsible for proving the value of the jewellery and other assets were honest and legitimate.

Fair Market Value Definition

The price that a given property or asset would fetch in the marketplace, subject to the following conditions:

  1. The buyer and seller have reasonable knowledge about the item for sale; they are behaving in their own best interests and are free of undue pressure to trade.
  2. A reasonable time period is given for the transaction to be completed. Given these conditions, an asset’s fair market value should represent an accurate valuation or assessment of its worth.

Comparisons are made to estate auctions, antique store selling prices, and the second-hand market of eBay and other online sources. These are places where you would find similar items for sale. The Fair Market Value of an article of jewellery is often a small portion of the cost to replace it with a comparable item in new condition. Exceptions are very collectable or rare items in high demand.