Many people have their jewellery valued when they first purchase it and never think about it again. However, the value of jewellery changes over time, and an outdated valuation could leave you significantly underinsured if your jewellery is lost, stolen or damaged.
So, how often should you have your jewellery professionally valued?
As a general guide, most jewellers and insurance companies recommend updating your jewellery valuation every two to three years.
The price of precious metals such as gold and platinum, along with diamonds and coloured gemstones, can fluctuate considerably over time. A ring valued several years ago may now cost much more to replace.
An up-
As a general guide, most jewellers and insurance companies recommend updating your jewellery valuation every two to three years.
The price of precious metals such as gold and platinum, along with diamonds and coloured gemstones, can fluctuate considerably over time. A ring valued several years ago may now cost much more to replace.
An up-to-date valuation ensures your insurance reflects the true replacement value of your jewellery.
Many people assume their insurance policy will automatically cover the replacement cost of their jewellery. Unfortunately, this isn't always the case.
If your valuation is outdated, you may receive less than it would actually cost to replace the item today.
An accurate replacement value.
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