FREQUENTLY ASKED QUESTIONS
Answers to popular questions relating to jewellery valuation and our services
I tried to insure my jewellery but the insurance company says I have to have a valuation.
Your insurer needs to know what the risk is so that they can calculate your premium. They will accept the valuation of an NAJ FIRV valuer.
I don't want to insure my jewellery I just want to know what its worth.
A valuation has to be written for a specific purpose. "What its worth" can mean different things in different circumstances. Unless you have another reason in mind what you probably want is an insurance valuation which will give the current retail replacement value. If you are thinking of selling jewellery then obtaining an offer from a retailer or getting an auctioneers estimate is usually free. We will perform "Open Market" valuations for those who prefer to have expert guidance on the worth of jewellery without going down this route.
I like the idea of saving money. How does a valuation do that?
When you take out insurance for jewellery items it is not always made clear that it will be up to you to prove your claim in the event of a loss. Unless you have a complete set of receipts going back possibly many years this is going to be difficult. How would you prove the worth of Granny's diamond ring for instance? If you take a chance but insure for more than is necessary you will pay too much premium, possibly over a very long period. On the other hand, under insure and you will not get full compensation - you will have paid your premiums for nothing.
I want to sell my jewellery and I want a certificate which proves its worth what I'm asking.
A valuation has to be addressed to a person or persons. We cannot undertake "to whom it may concern" valuations. A valuation for open market sale would be addressed to the seller only and is in the form of confidential advice. It cannot be used as "proof" of value to a third, unknown party.
When should I get my jewellery re-valued?
We recommend that valuations are checked every three years or so. It is quite possible there has not been much change in so short a time but variations in exchange rates and prices of raw materials can have a dramatic effect. We have all the details we need on file so a re-examination of the item is all that is required. We charge a reduced fee for a nice clean, crisp document and a small, fixed charge per item.
The antiques road-show do valuations free so why does it cost what it does?
A valuation must be in writing to mean anything. We research, we measure, we weigh, we calculate, we use instruments all to arrive at a sensible value. We then write it down and sign it! All this needs considerable investment in terms of experience, equipment and training so we have to charge a professional fee.
View an animated sample jewellery valuation.
What if I disagree with your valuation or spot what I think is an error?
We pride ourselves on accuracy and disagreements arise only very rarely. Your first course should always be to ask the valuer for an explanation. There is frequently a simple reason for what may look like a mistake. We would always aim for maximum customer satisfaction so don't be afraid to get in touch.
I don't want to risk sending my jewellery in the post.
We cannot recommend you post jewellery to us but many of our trade customers all over the British Isles do just this on a daily basis. Indeed the jewellery trade would not operate at all without Special Delivery post. We operate a speedy postal service for jewellers and the public are welcome to use it too. If you do not wish to do this there are other options. We can come to you - ask about a home visit, or if this is not possible we can collect jewellery and deliver it when the work is complete. We have to make a charge for delivery and this would be based on the time of the overall journey (ask for details).
I have a certificate or receipt which states my gemstone weighs more (or less) than you said in the valuation.
We always check the parameters of each stone against the certificate or receipt if available. We use accurate tables and formulae to work out the approximate weight based on the stone's measurements and will point out a difference in weight calculation, if there is one. It is usually not advisable to un-set a gemstone to confirm its weight since this can be costly and may result in damage to the stone and the mount. If we have the certificate to hand and in the event that there is very little or no difference, the certified weight is taken to be correct if it was obtained by actual weighing. Similarly, measurements in a certificate from a recognised laboratory are usually obtained using very accurate optical measuring devices and are generally accepted as correct. A large discrepancy would indicate that the stone did not match the certificate and this would be pointed out. It is a very good idea to give the valuer a copy of any grading report before the appraisal takes place.
The Consignment Form asks me to provide sales data, receipts, certificates, old valuations and the like, why do you need all this information? I thought you valuers were experts!
This information is useful to the valuer when he has to appraise recent purchases. In order to arrive at a valuation for insurance we need to establish the market in which replacement will be made so we need to know where the item was purchased and when. This is known as showing "due diligence". Receipts often have details of stone weights and other provenance which can be helpful. The trading position and quality of service offered by the retail establishment you bought from can make a big difference to the asking price. If information which could effect the valuation is withheld the valuation becomes void so it is in your interest to provide it if you have it. If there is no sales data we can still value your jewellery so do not be concerned if you can't find a receipt.