Why you should get your jewellery valuated

While many jewellery pieces have a great sentimental value, there is also merit in having them professionally valuated to determine their financial value. This can either be for when you are wanting to sell a piece of jewellery, or for insuring the pieces against any incidents. Professional jewellers in Bondi can provide valuation services no matter their needs.

When it comes to valuations for resale, the holder will want as accurate a figure as possible. For this reason, it is best to have the piece valued by an independent party. When looking to sell a piece, a cash realization valuation is used to give the owner an indication of what their return would be. A common use for cash realization valuations is dividing assets as part of a will.

Similarly, those looking to purchase a new piece can opt for a market valuation on it. Market valuations consider the age, condition and quality of the piece, as well as how many similar pieces have sold in recent times. This information allows the valuer to make an informed decision on a fair value for the piece.

Valuations for insurance are fairly common, particularly when it comes to sentimental pieces. While engagement rings and family heirlooms may have a priceless personal value, an insurance company will still need to know their approximate value when generating a policy.

It also pays to have jewellery re-appraised over time, as the value of a piece can increase over time. On the off chance that an insurance claim needs to be made, whether due to damage, loss or theft, having an up to date valuation will ensure that you will be able to claim what you are entitled to. Without a current valuation, the insurer will only provide the original recorded amount as compensation.

Regardless of the reasoning behind it, getting a valuation will ensure that jewellery owners are getting all that they are entitled to.