Home-Based jewellery appraiser

Individuals who need insurance valuations, people dealing with an estate or divorce, and buyers or sellers of fine jewellery.

A fee per item or per hour, plus extra for longer reports or larger collections. Fees are not based on a percentage of the item's value.

• Gemmology training and a trained eye
• Clear, careful report writing
• Honesty and attention to detail
• Putting nervous clients at ease

• Appraisal is generally not a licensed profession in Canada, but check which credentials and standards insurers, courts and banks accept
• Professional liability (errors and omissions) insurance, plus coverage for client items while in your care
• Municipal rules for home-based businesses, and the security risk of clients visiting a home
• Conflicts of interest: avoid appraising items you offer to buy
• Register for GST/HST once you pass the small supplier threshold, and check your province's rules

Startup costs are typically estimated at around $3,000 to $15,000, depending on your equipment, training, insurance and home office setup. Treat this as an estimate and cost out your own plan before you begin.

Monthly revenue is typically estimated at around $500 to $4,000, depending on how many appraisals you book, the hours you work and the clients you attract. It is an estimate rather than a guarantee.

Things to check: appraisal is generally not a licensed profession in Canada, so confirm which credentials and standards insurers, courts and banks accept. Also check professional liability insurance, home-based business rules and GST/HST registration.