Advice from Jewelers Mutual

Jewelers Mutual Insurance Co., Neenah, Wis., recommends record-keeping procedures for jewelers who deal in estate jewelry or other jewelry purchased from non-jeweler sources. Jewelers who purchase estate jewelry or other jewelry from a private party (non-jeweler) for resale must be able to verify the existence and value of this property in the event of a claim. To document the existence and value of the property, the company advises jewelers to prepare and keep the following information at the time of the acquisition: Name, address, telephone number, and driver's license number of the seller. A detailed and itemized list of all items sold to you. This list should include a description of each item, your cost for each item, the date purchased, and the name of the seller. The canceled check used to make the purchase. If cash is used
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