Jewellery and Watch Valuations
If you have recently had something custom made by us or inherited jewellery we recommend you get a valuation done. A valuation will help you protect and replace your jewellery in the event of loss or theft.
All our valuations are completed by a registered member of the National Council of Jewellery Valuers (NCJV). The NCJV is a well-respected industry body that promotes and maintains the highest professional standards for jewellery valuation in Australia. Members must undergo training in all the key areas of gemmological study, gemstone grading and the significant education and detection of synthetic gemstones. They must also commit to ongoing education to keep up-to-date with industry changes in order to maintain their membership as a Registered Valuer™.
Why should I have a valuation done?
How often should I update my valuations?
We recommend valuations are updated every 2-3 years to ensure you are paying an appropriate
premium. Price increases may mean that you are under insured and that the item cannot be replaced for the old value. Price decreases may save you on excessive premiums from your insurer.
What does a valuation contain?
Each valuation contains a full description of the item, a value, NCJV stamp and a photograph. This
description is very useful if there is ever a need to have your jewellery item remade, as in the case of insurance replacement, or in the happy event that you are re-united with a lost or stolen item.
Some types of valuations
Most people get a “Retail replacement” valuation. These are mostly used for insurance purposes. It reflects the cost of replacing an item ‘new for old’ from a retail jewellery store. For vintage and antique jewellery a value is assigned that reflects the cost of a similar item in similar condition to be replaced in the vintage/antique market.
”Auction reserve” – Reflects the minimum hammer price that the owner may expect to achieve at auction, excluding premiums and commissions.
”Deceased Estate” – Reflects current market value subject to instructions from the executor or solicitor of the estate.
”Private Sale” – Denotes a price that one member of the public may expect to achieve when selling to another member of the public, excluding GST.
Probate – This is a price which can be achieved under the conditions of a forced sale. The most usual method being by auction where the article must be sold quickly in non-ideal market conditions.
So if you need a valuation done, don't hesistate to ask us to arrange it for you.
Thanks to Megan Austin at http://www.meganaustinvaluations.com.au/
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