Valuations

Different Valuation Purposes and Services
Items of jewellery are valued differently for different purposes. Your valuer will need to know the purpose for which you require your jewellery to be valued. If you need your jewellery valued for a purpose not identified below please contact us.

Insurance Valuation
A valuation for the purpose of insurance is required when the owner wishes to take out appropriate insurance cover for their jewellery. This valuation is compiled on the basis of what an equivalent article would cost to replace in the event of loss or damage.
The onus is on the owner of property to prove the worth of his/her property in the event of submitting a claim to insurers following a loss. Only by supplying to insurers an up-to-date insurance schedule prepared by a competent valuer, such as a National Association of Goldsmiths’ Institute Registered Valuer, can one be sure to be in a position to establish a valid and provable claim by providing the following:

  • A full inventory of all items valued
  • Establish the merits of replacement goods in the event of a claim
  • Provide a sound foundation on which to base a claim to insurers

Probate Valuation
A valuation for probate purposes may be required in compliance with Section 160 of The Inheritance Act 1984. Inheritance Tax forms part of the process, even if the estate does not owe Inheritance Tax. When probate is granted, it gives the Executor the legal right to distribute the estate according to the deceased’s wishes.

Post Loss Assessment
You may have been unlucky enough to have suffered a loss. If your old valuation is not up-to-date, your insurer will ask you to obtain more current values before accepting any claim.

Offer Assessment
This service is for those who wish to sell or part-exchange their jewellery to us. We will make an offer on any piece we are interested in and once the piece has been assessed all offers are honoured by immediate payment.

Consultations
If you are uncertain as to whether or not your jewellery needs valuing, or are need to know if any items of jewellery you might have recently inherited has value, we can give you advice and guidance with a consultation. We can help by:

  • Identifying which pieces have an intrinsic material value
  • Identifying which pieces have no intrinsic material value (‘costume jewellery’)
  • Help you decide which valuation service you require
  • If you were considering an insurance valuation we can discuss how jewellery might be itemised on your policy

What we cannot do during a consultation:

  • Give replacement figures for insurance valuations
  • Tell you ‘what it’s worth’ (an open Marker valuation), or ‘ball-park’ figures

Who should value your jewellery?
Valuations should be undertaken to a very high standard; the highest level is represented by those who hold the following internationally recognised credentials:

  • F.G.A. Fellows of the Gemmological Association of Great Britain
  • D.G.A. Diamond Membership of the Gemmological Association of Great Britain
  • F.I.R.V. – Fellows of the National Association of Goldsmiths Institute of Registered Valuers.

Only those jewellers who have these standards and qualifications should carry out a valuation.

Fees
Whatever type of valuation is requested, we will provide you with a fully researched document.

The valuation fee with Mr Sayer is:

  • A £75.00 contractual documentation charge. Each item is charged at 1.5% of the value (to a minimum of £20.00 per item), and subject to VAT.

The valuation fee with Mr Cheer is:

  • £50.00 per hour, incremented quarterly, and subject to VAT

For Post Loss Assessments – The charge is redeemable should a claim be proceeded with us in full.
For Offer Assessment – There is no charge and no paperwork is produced.
For Consultations – There is no charge for the first 30 minutes, after which the charges are as stated.