Top 5 Reasons why you should review your Jewellery Valuation

1. There are several reasons to get your jewellery valued; however the most common and well known reason is for the purpose of insurance. Other reasons could be private sale, probate or simply for personal interest.

2. Contents and home insurance always need you to list items that are valued more than a specified figure. This figure varies from company to company, though a decent principal guideline is if a single jewellery item is worth over £1500, it must be recorded in your insurance policy. As the valuation, serves as a proof of the existence of an item, along with its value.

Items under £1500 must be included on an inventory list.  This list explains the item & gives a value to the jewellery.  Even if an item is only worth £25 and someone steals your whole box of jewellery which had 35 items of £25 each, it adds up quite fast.

Prestige Valuations provide jewellery valuation service along with a formal report which includes its current value in the market, jewellery photographing & concise technical information, which can be utilized to re-create the item, if it’s stolen or lost.

3. The review information can also be utilized to identify your jewellery, in order to return it to you, if found. Latest diamonds now come with minute recognition marks on them that are registered. So the stolen and lost jewellery can be traced and can be returned to its owner.

Prestige Valuation, the best jewellery valuers London provides the services of “revaluation” at just £20 per item with a clean written report.

4. Wear & tear can be restored at the time (additional cost applies) and it is quite important to bear in mind that insurance companies never pay out in case of loss due to failure in maintaining the jewellery.

Once the valuation is done, Prestige Valuation suggests reviewing your item every 3 years.

5. Valuations also help people to decide whether they wish to sell an item or if they would like to wish to integrate several pieces into a new piece.

Jewellery valuations are often also used by beneficiaries of deceased estate to ascertain fair distribution. This is referred as probate valuation. Every piece is individually valued in order to divide wealth equally among beneficiaries.

Apart from jewellery valuation services, we at Prestige Valuations also help our customers with creating inventory lists for their less valuable items.

The best advice we can give our customers is, if you will be upset upon loosing it, get the valuation done now.