Losing or damaging your precious jewellery is upsetting. When its uninsured that upset is even harder to bear. To avoid the distress, you need to get your jewellery insured and this requires a valuation.
A professional valuation will ensure you aren’t left disappointed and get the correct sum when you make a claim. That’s where our NAJ registered valuer can help.
The National Institute of Jewellers (NAJ) is the UK’s leading jewellery trade association, a part of which is the Institute of Registered Valuers.
Our Wharton Goldsmith’s valuer is an Institute Registered Valuer (IRV). All IRVs have undergone formal qualifications, accrued considerable industry experience and have proven their expertise to their peers.
All of this means that you can trust our valuer to generate an accurate, reliable valuation of your jewellery.
WHY GET A VALUATION NOW?
As finite resources, the costs of raw materials used in fine jewellery particularly gold, platinum and diamonds, continue to steadily rise. Recent years have even seen dramatic increases due to political decisions and economic downturns — in times of uncertainty people turn to long-held staples for financial security, namely precious metals and stones and this sends their prices soaring.
Diamonds in particular have increased in value as the De Beers Diamond Trading Company, which markets the majority of the world’s diamonds, has responded to massive new demand from Asia by increasing the prices of rough diamonds year on year.
WHAT DOES THIS MEAN FOR YOU?
If your precious jewellery has not been valued in the last 5 years you could be underinsured by as much as 50%.
We recommend getting a professional valuation at least every 2 years to avoid the heartache of being told by your insurer that they will not pay ‘like for like’ in the event of burglary or loss of your jewellery.
If you’re concerned about your jewellery being undervalued we invite you to bring your jewellery in for revaluation.
HOW DOES OUR VALUATION PROCESS WORK?
You drop off your jewellery for valuation, either the day before your valuation or the morning of it.
We store your jewellery securely in our safe, where it will remain until valuation and will be fully covered by our insurance.
On completion of your valuation, your jewellery is returned to our safe until you come to collect it, either on that same day or later.
When you come to collect your jewellery, we take payment for your valuation.
A few days later, we will send you your valuation report in the post, which includes photographs of your jewellery.
ITEM FOR INSURANCE/PROBATE/FAMILY DIVISION/DIVISION OF ASSETS/SALE BETWEEN PARTIES:
First item £90, every other £60 each
Any item over £10000 in value will be charged at a flat rate of £210
Any highly complex item which may involve additional research will need to be quoted before undertaking. Laboratory fees will be an additional charge if required.
For Probate: On occasion similar simple items may be grouped and charged as one at the valuers discretion, for example three plain polished wedding rings, or two plain polished chains.