How Much Does a Jewellery Valuation cost?
Jewellery valuation is an important aspect of owning precious and valuable jewellery. It helps you to determine the true value of your jewellery for insurance purposes, estate planning, or sale. However, many people are unsure about how much a jewellery valuation costs. In this post, we will explore the different factors that affect the cost of a jewellery valuation and what you can expect to pay.
Factors that affect the cost of a jewellery valuation:
The complexity of the piece: More complex pieces of jewellery, such as antique or vintage items, may require more time and expertise to appraise accurately, leading to a higher cost.
The qualifications and experience of the appraiser: An experienced and highly qualified appraiser will typically charge more for their services, as they have a greater level of expertise and accuracy.
The number of items to be appraised: The more items you need to have appraised, the higher the overall cost of the valuation.
What you can expect to pay for a jewellery valuation:
The cost of a jewellery valuation can vary widely, depending on the factors outlined above. On average, you can expect to pay anywhere from £50 to £300 per item for a professional appraisal. However, the cost may be higher for more complex items or in areas with a higher cost of living.
It's important to note that while some jewellery stores or pawnshops may offer free appraisals, these may not always be accurate or impartial. For reliable and accurate appraisals, it's best to work with a qualified and experienced jewellery appraiser.
Quality and Content of the valuation
More important than cost though is the quality and content of the valuation schedule. A poorly produced valuation with very little detail will be poor value for money, no matter what the cost.
My advice is use a NAJ Registered Valuer as this accreditation assures you of a highly competent and qualified valuer. The strict rules and guidelines these experts follow are best practice in the UK for jewellery valuations.
To undertake a valuation the valuer will need to be able to assess your items thoroughly. Certainly for gemstones set into rings and jewellery, this may mean the items have to be professionally cleaned. You can expect this to be an additional cost on top of the valuation charge.
Each NAJ Registered Valuer will go through a detailed program of work when valuing a piece of jewellery. This includes cleaning, assessment, testing, photographing, full and detailed description, weights and measurements.
An Insurance Valuation these days is a required document by all insurers. It not only enables correct cover for insurance, it also provides proof of ownership.
At Legacy Jewellery, we understand that your jewellery is not only valuable to you emotionally but also monetarily. That's why we offer a comprehensive valuation service for your new Legacy piece as part of our jewellery remodelling process. When you work with us to reimagine your jewellery, we'll provide you with an accurate valuation of your new piece, so you have a clear understanding of its worth.
If you are looking for a valuation for an existing piece of jewellery, we recommend using the NAJ register to find a reputable valuer in your area. We recommend NAJ Registered Valuer Wayne Smith for Yorkshire based clients.