How much is your stuff worth? Top 10 precious Gemstones

Whether you have inherited jewellery or you want to clean your jewellery box, all you need to know is how much is your jewellery worth?

Whether you are selling or remodelling your jewellery you should know its worth. 

Online antique valuation is a hassle-free way to know how much is the true value of your jewellery. 

People usually tend to appraise their newly purchased jewellery to determine its cost to replace if need be. The appraisal states what is known as a Retail Replacement Value.

Importance of appraisals:

When getting an appraisal done for your jewellery, the purpose of the appraisal needs to be discussed with the appraiser. The reason for this is that different types of appraisals have different values, and if the wrong type of appraisal/value is assigned, it likely will not hold up as a legal document.

Types of appraisal:

Retail Replacement value:

This is the highest monetary amount that is required to replace the jewellery or artwork with different jewellery or artwork having the same value as per market standards.

Insurance Appraisal:

The most common appraisal is insurance appraisal which comes first into play while buying jewellery or antique pieces. While purchasing these high-value items it is essential to have the appraisal done, so that if any issue persists, the insurance company will cover all those issues. 

Resale Appraisal:

The resale appraisal determines the fair value of the stuff as per market standards for the purpose and intention of it being resold. The jewellery can be resold again in the trade or directly to the end customer. 

Dos and Don’ts while valuating antique artifacts:

Dos

1. While choosing a valuer for antique valuation service make sure they are accredited from a reputed institute. 
2. The valuer should be aware of the purpose of valuation; is it for insurance purpose, possible sale, probate, succession, divorce or family division?
3. Keep all your valuation papers safe once you have it, particularly for insurance purposes.

Don'ts

1. A true valuation should include a detailed description, measurements, replacement values and most importantly, digital images. Do not accept just words of someone.
2. Do not forget to read and make a note of every detail for insurance purpose in the case of loss or theft.
3. Do not forget to ensure that you have the right antique insurance cover. Pay attention to the limitations of the policy.

Here we present an infographic guide for gemstone enthusiasts about the ten most precious stones.

Prestige Valuations provides jewellery and fine art valuation service. 

We have fine craftsmen and skilled technicians in Europe. We are one of the most trusted valuers who provide jewellery valuations and art valuations service.