The years of experience, qualifications, expertise and professional equipment required to be able to accurately assess and value an item will be reflected in the price of a jeweller’s valuation service. This can help a professional guide you to the most suitable service. It’s important to ask yourself what you are looking to achieve from finding out the value. How much you would get if you were looking to sell an item, is very different for how much you would need to insure the same ring for or how much it would need to be declared for probate. There are many types of valuations, each of which would ascribe the same item a very different value. Just want to know how much your item is worth?Īre you simply looking for a diamond ring valuation? This is a question we get asked a lot and unfortunately the answer is not straight forward. In-house valuers are also worth looking out for, as they will not have to send any items away and typically have a faster turnaround.Ĥ. Valuers that belong to associations such as the Institute of Registered Valuers and Academy of Experts will be required to keep up to date on all the latest training and gemmological testing methods, so is usually recommended by insurance companies to look out for these accreditations. The company should also be experienced in examining the item to check there aren’t any recommended repair works required to ensure the piece will be fit to wear and enjoy. To ensure the valuation is as accurate as possible, make sure you take along any documentation that relates to the jewellery, such as Diamond Certificates so the details can be included on the valuation.Īs experts in jewellery, the company you choose should have access to a variety of testing equipment for gemmological identification of stones and equipment to screen for lab-grown synthetic Diamonds. Your jewellery valuation is a legally binding document for your most treasured possessions, so it should include a detailed description of the item, along with a photograph of your piece of jewellery and an accurate value. Expertise is important, ensure they are IRV registered If you have many valuables it may be worth using jewellery insurance specialists, such as TH March as they specialise in jewellery.ģ. Also check your policy protects you against accidental damage to your jewellery. If a single item of jewellery is below this threshold, you may not need to get the piece itemised on your insurance. If you are unsure, an experienced jeweller will be able to advise on which meets your requirements.ĭepending on your individual policy, some items will be automatically covered under the general contents insurance, often up to around £1500. Each valuation has a different purpose and will provide you with a different value. Insurance, probate, division of assets or to sell. Our Jewellery Valuation Top Ten Tips are….ġ. Whether it’s your new engagement ring, diamond insurance, a family heirloom or just your collection of jewellery over the years, your jewellery is precious, so it’s important to make sure it’s properly valued. Whether you're wanting to protect the jewellery you own, sell your jewellery or need to value an estate, here at Hatton Jewels we are able to help you find the valuation that is right for you.
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