Valuations

Who should value your jewellery?

A valuation is an informed opinion based on knowledge gained through training and experience, supported, when necessary, by use of technical equipment such as refractometers, spectroscopes and microscopes. A valuation cannot be hurried: it takes time for the valuer to examine the items and prepare a written appraisal. The valuation of jewellery should be entrusted to jewellers who have the experience, the equipment and necessary skills - National association of Goldsmiths Registered valuers.

Insurance

Your jewellery should be adequately protected by insurance. If you have cover based on a valuation provided some years ago, it would be prudent to have re-appraisal, otherwise if you are unlucky enough to have your jewellery stolen or damaged the money you receive might not be sufficient to restore the lost items. A professionally produced valuation by an N.A.G. Registered Valuer will provide:

  • A checklist so that everything missing can therefore be claimed.
  • Proof of ownership for the insurance company and for the police if items are recovered.
  • Enough detail to allow items of similar type and quality to be bought or made.
  • A firm foundation on which to base a claim.

For insurance against loss, your jeweller will quote replacement values. The valuation is usually based on the cost of replacing your jewellery with similar items. You may expect a detailed schedule - your valuer would not say, "Diamond ring: £500.00". He will describe your diamond ring in detail. If you are unlucky enough to suffer a loss, do insist on a replacement from the jeweller of your choice, unless stated on the contract with your insurance company (this could be something to think about when insuring your items), you have no obligation to replace your items with their choice of jeweller. If you buy a piece of jewellery you will need a valuation in order to obtain insurance cover, here at Studley Jewellers we will provide this free of charge on items purchased from us. Please note: All valuations are carried out by our in-house Registered Valuers, thus avoiding risk of loss or theft in the post.