Frequently Asked Questions
Your important pieces of jewellery need to be protected against loss, theft and accident by insurance, The trauma of burglary or other unforeseen disaster is compounded when insurance will only cover a small percentage of your precious treasures. Although the sentimental value cannot be replaced, valuation for insurance is the perfect way to be sure that the true financial value of your pieces is known and protected.
Registered valuers have after years of experience in the jewellery trade, undergone studies in the fields of Gemmology, Diamond Grading and/or Technology, and Valuing in order to gain the Registered Valuer Certificate.
Their qualifications is the only on recognised by the Gemmological Association of Australia, and the Insurance Council of Australia. Registered Valuers must attend regular seminars and updates to equip themselves to place an exact value on your jewellery.
It is important that you have your items updated every two to three years. For several reasons;
- To ensure that you will be able to replace them in the event of loss if the price increases
- To ensure that you are not paying excessive premiums if prices decrease
- To note any wear and tear
Valuations are performed for many reasons:
- Retail replacement for insurance
- Estate Division
- Fair market value
- Auction reserve
- Divorce settlement/legal purposes
- Private sale
Isn't it just a matter of looking a the piece and guessing a price?
NO! - The valuation process is done from a scientific approach, using the latest technology in testing equipment and procedures, current tabulations of precious and semi precious gems, and a firm knowledge of manufacture techniques used in antique, imported and today's local jewellery construction.
The valuation is performed after your jewellery has received a comprehensive inspection.. You should receive a valuation certificate featuring a full description of your jewellery , including gram and carat weights and its current financial value. You may further safeguard your piece with a photograph, especially important for identifying more unique jewellery.