Can you tell me what my jewellery is worth?
This is a question that we are frequently asked. This guide
explains why there are several differing values for jewellery
depending upon the reason for the valuation.
A valuation is an opinion given in good faith and based on commercial knowledge
and experience of the value of goods for a certain purpose and at a particular
date.
Valuation for Insurance
If you want your jewellery valued, for insurance against loss,
then you will require a certificate showing its full replacement
retail value inclusive of VAT. This will ensure that in the
event of a claim, you will be able to replace it with the same
or a similar article.
This Valuation for Insurance is in writing, with a full description of each
item including a picture, and its value.
Although Insurance companies only ask for Certificates of
value for the higher value items we would strongly recommend
that you consider having all your jewellery valued
for the following reasons:-
It provides a complete list of your items with a description and price. This
proves ownership in the event of a claim, and ensures items are not forgotten
to be claimed for in the event of a claim.
The first thing Insurers ask for, even for a very small claim, is for a receipt
of purchase or valuation. Without the receipt this causes real problems. A
previous valuation has immense value at this time.
(We do not value items sent by post)
Charges
- Charge for First Item £30.00
- Each extra item is £20 each
- All charges are inclusive of VAT
All Items will be digitally photographed, and a picture
included in your valuation.
(Sometimes for more unusual items or stones, it may be necessary
to use the services of a specialist valuer or laboratory
and they will be subject to increased charges.)
A Valuation for Sale
If you are considering selling an item of jewellery then this
is what you need. If we are interested in purchasing an item
we will, make an offer. The price we offer, is effective at
that time, and we make no charge for the offer. There is obviously
no obligation either, for the person to sell.
Naturally like selling anything, the price may vary from person to person,
depending on their interpretation of what they can sell it for, and how they
assess its condition. If we are not interested in purchasing the item, we will
not offer, or express an opinion as to what it should fetch.
Valuation for Probate
This is a qualified estimation of the price we would expect
that item to realise when placed in a public auction, at the
time of the valuation.
Its prime purpose is to establish a cash value of the items for the purpose
of Probate at the time of death of the owner.
As this does not take into account the current cost of labour, materials or
current taxation levels but only the current market situation, the figure put
on jewellery valued for probate will be considerably lower than a valuation
for insurance purposes.
The valuation is in writing, and gives a limited description of each item with
its value.
Charges - Same as for Valuation for Insurance
A Valuation of unseen items.
We are increasingly being asked to value jewellery which has
been stolen, and for which there are` no valuation or receipts.
You will appreciate this is very difficult to do, but for your
claim to be settled a Certificate is necessary.
We do offer this service, and will ask you to describe the items, and compare
them with our stock.
From that we produce an written estimation of what we
feel they may have been worth.
Charges - £3 per item with a minimum charge of £10 to be paid in
advance.
The valuation charge would be refunded pro rata, if the items are
replaced through ourselves |
