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Jewellery Valuation Help!

Last post Tue, Feb 26 2008, 3:31 PM by HelenD. 3 replies.
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  •  Fri, Jan 11 2008, 12:08 PM

    Jewellery Valuation Help!

    I recently inherited some diamond rings and am unsure of who to go to for a full and detailed valuation. Ultimately this would be for insurance purposes but I understand there is a big difference in quality of valuation services and I'm really after a full valuation report from a trusted and reputable valuer whose expertise is in gemstones.

    Where is the best place to go? Also, it seems that many places send jewellery away to be tested in a lab however as I haven't got insurance on these pieces yet (it's the reason why I'm getting a valuation done in the first place), I'm concerned about what would happen if my jewellery went missing while in the care of the valuers. How can I protect myself?

    Thanks in advance for any suggestions

    Jen

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  •  Fri, Jan 11 2008, 12:31 PM

    • Mr big
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    Re: Jewellery Valuation Help!

    "Goldsmiths" a hight street jewelers have the ability to sent all your jewellery away at a flat cost per item for a full and detailed report like the one you are after. Once in the hands of them they will have insurance cover from the buisness.

    I think £60 for the first item and £30 per item there after

    It will take a while but worth the wait! I have used them for my house insurance purposes with no problems in the past.

    Hope this helps.


    Just food for thought!
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  •  Sat, Feb 23 2008, 10:22 PM

    Re: Jewellery Valuation Help!

    Hi Yev,

    This is probably a bit "late in the day" as you have probably now had you items appraised and valued. But for the benefit of other readers........

    To answer your first question:
    Choose your appraiser/valuer by reputation. If you are looking for someone who is specifically a gemmologist, look for the the suffix FGA and/or DGA after the Appraiser's name. These denote that the individual has qualifications with the Gemmological Association of Great Britain. Also look for the suffix AJA as this denotes that they are a Certified Appraiser with the Association of Jewellery Appraisers and by default need to be an FGA.

    Check out valuers who are Certified Appraisers and/or Registered Valuers. Links to their sites below.

    www.ajappraisers.org

    www.jewellers-online.org

    To answer your second question:
    Many retailers do send their jewellery appraisal work to independent jewellery appraisers but if this bothered you, you could always approach the independent appraiser direct, many of whom, like myself, offer a service where you can attend their laboratory/office and watch the work being carried out or many offer a service whereby they would attend your home and carry out the work there. Either way, the items do not leave your control and as such would remove your worries about loss.

    Also bear in mind that a Registered Valuer or Certified Appraiser is duty bound to provide a secure service backed up by a comprehensive specialist insurance.

    In closing I would also state that in the thirty something years that I have been in the trade, losses along the lines of your concerns, are extremely rare.

    Hope this helps

    Kind regards

    Adrian Smith

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  •  Tue, Feb 26 2008, 3:31 PM

    Re: Jewellery Valuation Help!

    Regarding your second point I'd agree with Adrian - professional valuers are required to have adequate insurance in place, and losses are certainly very few and far between.

    As an additional point, if you are concerned about security you may choose to take your items along to a valuation day in your local area - this means you can sit down and have your pieces valued without them leaving your sight at any time. Many people find this is the perfect way to balance curiosity with caution!

    Best wishes

    Helen


    The Guild of Valuers & Jewellers
    • Post Points: 5