Jewelry Markup Percentages

The following table has been generated to assist jewelry appraisers find an average for markup percentages when doing appraisals for “Insurance Replacement”. NOTE: The information in the table should be considered guidelines only when determining markups for appraisals.

As an appraiser, one should investigate the surrounding jewelers in a specific area or region to determine what markups they might be factoring into their final charges when they are confronted with a job for “Insurance Replacement”. Since there are no rules or laws governing the jewelers, many set their own markup percentages, which may not coincide with the table below. These markup percentages need to be factored into an appraisal to determine the value of a piece of jewelry so the insurance covers the entire replacement cost to the insured.

Hopefully, this table provides a good starting point for appraisers.

Appraisal Markup Percentages (averages)

The following information is not necessarily intended to be used when doing an appraisal, but does offer an average based upon many charts that were derived in the industry over a period of years. The chart indicates the markup (right column) applied to an item's wholesale cost range (left column).
CostMarkup x Cost
$ 1 - $ 2492.50
$ 250 - $ 4992.30
$ 500 - $ 9992.20
$ 1000 - $ 14992.10
$ 1500 - $ 29992.00
$ 3000 - $ 49991.85
$ 5000 - $ 74991.75
$ 7500 - $ 99991.65
$ 10,000 - $ 14,9991.50
$ 15,000 - $ 19,9991.45
$ 20,000 - $ 24,9991.40
$ 25,000 - $ 49,9991.35
$ 50,000 - $ 74,9991.30
$ 75,000 - $ 99,9991.25