While jewellery is often bought to be worn, it can be worth seeking a valuation on pieces so that you have a good idea what your collection may be worth. This is a great way of appreciating the value held in your collection but it can also be a useful exercise for insurance purposes.
Where to have jewellery valued?
Finding the right professional to have your jewellery with can prove problematic if you don’t live near a city or town with any specialist providers. While many local jewellers are skilled and knowledgeable in offering valuations, some may never have handled some very high value or rare pieces. This is where an online jewellery valuation service can excel, connecting you with luxury jewellery specialists regardless of where you are both based.
Online jewellery valuation
It may seem like it is simple to get your own online valuation of a piece, especially if it is a recent piece, as the internet can make it seem straightforward. However, the costs of precious materials, such as gold and platinum, can fluctuate but specialist jewellers can tap into the live pricing. This will result in a more accurate, for example, diamond valuation and can help with pearl valuation, with reference to provenance and origin.
How much to value a ring?
This is a question that can often arise after a bereavement, for probate, or a divorce. It is also of interest to owners that have had their ring, and other jewellery for some time, and wonder ‘how much is my ring worth?’ An online jewellery valuation is a secure and convenient way to do this as it will not require you to transport your jewellery to the jeweller and it can be done at a time to suit you.
Can anyone be a jewellery valuer?
Not quite. While anyone can offer an opinion of the value of jewellery, only a member of the Institute of Registered Valuers (IRV) can give you a legally binding valuation.
If you have requested an online valuation for your piece, the valuation should be delivered via a report that includes a photograph of the piece in question, the valuation and a precise and detailed description of the item.
Why are jewellery valuations important?
A jewellery valuation by a registered jeweller, whether online or in person, evidences that the piece has been inspected and valued by an experienced and knowledgeable jewellery specialist.
Alongside a thorough description and verification of the piece in question, it also delivers a qualified valuation and acts as independent evidence that the piece exists. A jewellery valuation for insurance can be instrumental. As well as valuation for insurance purposes, HMRC may also require verified valuations for piece of value.
Jewellery valuations can be needed in many different circumstances, for example, if you want to sell your jewellery, or you are ensuring your jewellery or reporting on the value of your jewellery to HMRC.
Why get an online jewellery valuation?
There are several reasons to get an online jewellery valuation. A jewellery valuation will be useful if you are planning on selling second hand jewellery – especially if you are planning on selling jewellery to a jeweller. A trusted and reputable provider will appreciate the effort that you’ve put into verifying your jewellery for sale. A jewellery valuation can also help with securing a pawn loan against your piece. A pawnbroker will consider a jewellery valuation certificate as part of the package of your piece, alongside original boxes and paperwork.
