A jewellery valuation is the professional evaluation and appraisal of the jewellery. The valuation of the jewellery is determined on the basis of correct monetary value in the market, and certain specific purposes or intentions, such as, insurance, foreign travel, sale value, family settlement, fair market value and so on. So basically, jewellery valuations are not just a piece of document, rather they are the result of a detailed procedure completed by a professional expert in this field. It gives you a complete verification and description of the jewellery in a printed document. The description includes the type, quality, age, etc, of the jewellery evaluated. It not only gives you the exact value of the jewellery that you need for a specific purpose, rather it also confirms and proves the existence of the jewellery. The process is done to overcome different types of unwanted circumstances.
There are different jewellery and asset valuation companies in the UK, such as Prestige Valuations that provide you with different services, such as, online antique valuation services, probate jewellery valuation, jewellery repairing and remodelling services and so on. Apart from jewellery, there are other important valuable assets that are evaluated and appraised for different specific purposes.
Let us now have a look at some of the aspects of jewellery valuation.
Things included in jewellery valuation
When you go for the valuation of a precious asset, such as for a watch valuation service, property valuation service and so on, there are certain things that are included in the process. The same is with that of the jewellery valuation as well. It won’t be wrong, if we consider it as a kind of report which contains important information. The things that are included in jewellery valuation are detailed and accurate descriptions of the individual, the individual’s photograph, a detailed assessment related to the quality and the composition of the jewellery, a detailed and clear statement related to the purpose of valuation, a letter of transmittal and so on. These are some of the important and valuable information that are included during the process of jewellery valuation.
What is the need of jewellery valuation?
Jewellery valuations come with a lot of benefits. There are several reasons why you should opt for valuation of the jewellery. It may help you in selling or exchanging the jewellery in the market. As already mentioned, it helps you in getting the exact value of the jewellery as per the market value. If you go for the jewellery valuation process, you can know the quality and age of the jewellery as well. Sometimes the quality and age of the jewellery help you in gaining a huge amount of profit. Also if precious stones are added to it, there are high chances that the value may increase as per the current market value.
There are some obvious reasons because of which you should go for the jewellery valuation process. Some of the important reasons are sale, insurance, probate, family settlement, divorce settlement, foreign travel and so on.
How is the calculation done in jewellery valuation?
The calculation is done on the basis of the figures that are received from the market value. It is a basic or a general calculation done which does not include the value which may be considered, if the jewellery is damaged or if there is any wear or tear in the jewellery. In order to maintain consistency and to ensure the highest standard of accuracy, the professional expert will record 12 most important pieces of information related to every item that is to be evaluated. Whichever jewellery you take for evaluation, the professional expert will assess, identify, scrutinise, weigh, measure, and photograph each and every aspect before carrying out the valuation process. Not only that the professional expert or the valuer will do proper research in order to understand the current market value. Accordingly, he will do the evaluation and will give you the exact value of your jewellery.
These are some of the important aspects of jewellery valuations. The value may differ on the basis of the type and quality of the jewellery that you are taking for the evaluation process. Many valuation companies provide their customers with antique valuation services, watch valuation services and so on.