What happens during a jewellery valuation

The process usually begins with a short discussion about your jewellery.

The valuer may ask:

• How you acquired the pieces (purchase, inheritance, gift) 
• Whether any previous valuations exist 
• What the valuation is needed for (insurance, probate, estate, etc.) 

This helps determine the correct valuation purpose and approach.

Each item is then carefully examined.

This may include:

• Rings, necklaces, bracelets, earrings, watches, and loose stones 
• Antique or modern pieces 
• Individual gemstones and settings 

The valuer will inspect:

• Metal type (gold, platinum, silver) 
• Hallmarks and maker’s marks 
• Gemstone type, quality, and condition 
• Craftsmanship and design 
• Any signs of wear or damage 

This step is done using professional tools and magnification to ensure accuracy.

If your jewellery contains gemstones such as diamonds, sapphires, rubies, or emeralds, they are assessed based on key characteristics such as:

• Cut 
• Colour 
• Clarity 
• Carat weight (where possible without removing stones) 

In many cases, stones are not removed from settings, so assessments are made using professional grading techniques.

Once each piece has been examined, the valuer researches current market data.

This may include:

• Retail replacement prices 
• Current gold and metal prices 
• Diamond and gemstone market trends 
• Comparable jewellery items from reputable suppliers 

The goal is to determine the current retail replacement value, which is what it would cost to replace the item through a retail jewellery store.

Each item is recorded in detail, including:

• Written descriptions 
• Measurements and specifications 
• Photographs of each piece 
• Identification notes and findings 

This documentation forms part of your official valuation report.

A formal valuation report is then prepared.

This document typically includes:

• Detailed item descriptions 
• Individual values for each piece 
• Total replacement value 
• Supporting photographs 
• Valuer’s credentials and qualifications 

This report is what you provide to your insurance company, solicitor, or accountant if required.

This process is usually completed and posted to you within a week or so.