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There are many reasons why you might need to find out the value of your jewellery. Perhaps you’re looking to sell it, insure it against damage, or sadly get a valuation for probate after the loss of a loved one. It can be difficult to know how to start the valuation process, but we’re here to help.
In this post, we’ll explain jewellery valuation, how it’s done, and what we offer our clients at Aleks Jewellers.
What is a jewellery valuation?
A jewellery valuation is an assessment, by professionals, of the worth of your jewellery, be it a single piece or a full collection. This process involves examining the jewellery and determining its monetary value.
The valuation process is made up of several key steps. These are:
– Inspection – this involves a detailed examination of the jewellery, looking at its materials, design, condition, and craftsmanship.
– Identification – during a valuation, every material must be identified using specialist tools, such as gemological instruments.
– Measurement – this includes both the weight of the jewellery’s elements and the cut and quality of any gemstones.
– Documentation – to complete a professional assessment, all findings must be documented, often accompanied by photography.
What determines the value of jewellery?
A jewellery valuation is done to determine the jewellery’s value, which is affected by a few different factors:
– The materials – the type and quality of metals and gemstones.
– The condition – are there any signs of damage, or wear and tear?
– The craftsmanship – the quality of both the design and the manufacturing.
– The provenance – previous ownership, history, and historical and celebrity significance.
– The market conditions – the current trend and market demands that may impact the jewellery.
Why might I need to get my jewellery valued?
As touched on before, there are multiple reasons you may want to get a valuation of your jewellery.
Resale
If you’d like to sell your jewellery, it’s important to know how much it’s worth so you can price it accordingly. A valuation will tell you what you should be charging when reselling your diamond rings, tennis bracelets, Rolex watches, and other special pieces.
Insurance
For expensive and sentimental pieces such as engagement rings or family heirlooms, you may want to invest in insurance. A jewellery valuation will help determine the replacement value of your jewellery, should it get lost or stolen.
Probate
If you need your jewellery valued as part of the process of settling a deceased person’s estate, then a professional jewellery valuation is the answer.
Personal
You may wish to have your jewellery valued for personal reasons. Many people opt for jewellery valuations of their pieces and collections out of curiosity or for their personal records.
Divorce
Asset division is a common occurrence when married couples separate. Jewellery of monetary worth will need to be identified and valued to ensure an equitable split, which a jewellery valuation can help with.
How much does a jewellery valuation cost?
Different businesses will charge different amounts for jewellery valuation, with the cost typically increasing depending on the value of the piece. At Aleks Jewellers, we ask for £75 for jewellery valued up to £1000, then a further £20 per additional £1000 the piece is valued at.
How can I find out how much my jewellery is worth?
To find out how much your jewellery and watches are worth, you will need a jewellery valuation, which we at Aleks Jewellers can offer. We have a strong relationship with The Guild of Valuers and Jewellers, who we send your jewellery to for the highest quality valuation. They provide a correct and informative valuation, whether for insurance, resale, probate, or family division.
Our expert team is here to help should you want to learn more about the valuation process. We pride ourselves on being both approachable and professional, and when it comes to your precious jewellery, we give it the utmost respect and care.
If you’d like to arrange a jewellery valuation, don’t hesitate to get in touch. You can call us on 01603 623754, email us at [email protected], fill out our online enquiry form, or visit our lovely team in our London Street store.
- Women’s Jewellery
