Jewellery Valuations

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A jewellery valuation assesses the quality of each component of a piece of jewellery or loose stone in order to derive a value for a specific purpose.

Purposes of Valuation

Because the circumstances in which one may have a piece of jewellery valued differ, there are various types of valuations such as:

  • Retail - Usually used to obtain an insurance value.

  • Auction Reserve

  • Non Forced Sale

  • Forced Sale - For example bankruptcy or liquidation.

  • Second Hand

  • Private Sale

  • Divorce Settlement

  • Deceased Estate

When calculating the final value, the purpose is taken into account, and therefore, the final value for each purpose will differ greatly.

Benefits of Valuation

Apart from receiving a dollar value on the item, a jewellery valuation will also provide proof of ownership, an accurate photograph and/or description should the piece be lost as well as an assessment as to the quality of the piece.

Tools Used

Whilst different valuers use different tools, Australian Gem Testing LaboratoryExternal Link lists a number of tools they use to perform jewellery valuations.

Jewellery Valuations vs Diamond Grading Certificates

A jewellery valuation is often limited to the skill, knowledge and training of the valuer. This is due to the fact that valuers typically use a limited set of tools to appraise and value a diamond or piece of jewellery. On the other hand, a diamond grading certificate describes the characteristics of a diamond using sophisticated gemmological equipment. As such, a diamond grading certificate can be used to assist the valuer with a valuation and to arrive at a more accurate final value.

Where to Get Jewellery Valued

In Australia, The National Council of Jewellery Valuers has over 550 members. In addition Gemex also offers online valuations.

External Links

Valuation and AssessmentExternal Link (NCJV)