Whenever you decide to invest in some expensive jewellery, more often than not, you’ll be asked by your jeweller to have a Jewellery Valuation done for your jewellery. The major reason behind this is; in case you lose or even damage your jewellery, you will most likely ask your insurance company to help you out for which you will have to make sure your jewelery is insured with the insurance company. For your jewellery to be insured, you have to make sure it is Valued first (by a certefied company), making it the first step after buying any type of an expensive jewellery.
We, at Independant Diamond Report Centre (IDRC), have professional valuers to examine your jewellery in depth and will also provide a formal documentation with great detail about your product and the process of how exactly we have valued it. It is very important for you to discuss with your valuer, how you would replace a certain item incase you lose it or it gets stolen, as this is very important in almost all types of valuations done. Pne of the benefits jewellery valuations are important for insurance of your jewellery is that it can help prove that the jewellery you’re claiming is yours.
Jewellery valuation costs depends on various factors. One of them is the place that you’re going to for your jewellery valuation. This means that certain high-end stores charge way more than other mediocre stores for valuations of your jewellery. The other very important factor is the type of valuation you decide to go for. For example, there are certain valuations for insurance replacement, some are for Captial Gains Assessment, Divorce Settlement, Fair Open Market Valuations, among many others. All of these valuations are done in very different ways and techniques which is why all of them have quite different price ranges. Therefore, it basically depends on the type of valuation you want done on your jewellery.
In the UK, jewelery valuations generally cost around £50 to £500 plus depending on the place you get it done from, or the type of valuation you go for. This can sound very costly but the process of valuating your jewellery is actually deserving of this cost, as the work done is very intricate, detailed and time consuming. It requires professionalism at its best.