If you are someone who owns or wears jewellery, then you already know that you have something very expensive. Now, the first question that comes to mind when you wear something expensive is that if the situation goes bad and some unexpected circumstances occur, then, “How do I protect it?” Or if you plan to keep it like new, then “How do I maintain it?” Apart from this, there’s one more important question that comes to the mind, which is “What is the current worth of this jewellery?”

Well, these are all important and genuine questions and if you are someone having such questions in your mind, then relax, you have asked for quite reasonable questions. This article addresses all the questions you may have and provides information related to jewellery valuation. Let’s dive into the details and explore the key aspects you need to understand about owning jewellery, starting with the importance of knowing how to protect its value, which leads to an even more crucial question: what is the actual worth of your jewellery?

Why Jewellery Valuation Is More Important Than You Think?

There are a number of questions that most jewellery owners do not pay any attention to, and the most important one among them is, “If something happened to your jewellery today, would your insurance actually cover the current value?” To make things more truthful, understand that the answer is “no”.  Let that sink in.

We all know that the price of the jewellery that you own often appreciates over time because of rising metal and gemstone prices. Let’s understand this by taking an example that the ring purchased ten years ago for £1,000 might now have a replacement value of £2,200 — or even more. But, if you do not have the latest valuation done, you may remain underinsured and therefore, you will not receive the current value in this situation. Therefore, it becomes crucial to secure a professional jewellery appraisal from a reputable valuer in your area. The appraisal will help you in claiming the recent value of the jewellery that you lost.

What you get with a professional jewellery valuation?

When you go for getting a comprehensive jewellery appraisal, there are a number of things that one must have in hand, which includes the photographs, the other detailing such as the metal, the gemstone, the design (if it’s a vintage design or a traditional one) and other such things. Adding up all these things leads to the right valuation of the jewellery. In return, once you get the valuation done, you get the listed few things as proof of the jewellery valuation.

• A detailed written report
• High-resolution photographs
• Assessment by an experienced valuer
• Digital copies stored securely
• Updates when revaluation becomes necessary

Once you plan to get the valuation done, there are a number of things that you can get covered. Listed below are the most important valuation options that you can have, and depending on your choice and requirements, you can have these done and know the worth of the assets that you own.

• Insurance Valuations
• Probate Valuations
• Online Jewellery Valuations
• Watch valuations

How Often Should You Update Your Jewellery Valuations?

Getting the valuation done is a task, and indeed, it helps you understand a great deal about the jewellery that you own. However, once you obtain a valuation, it does not remain valid for a lifetime. You need to get this valuation done time and again. Experts suggest that you must get the jewellery valuations done every 2–3 years. Getting the appraisal done will help you in staying updated with the latest worth of your jewellery, and you will not be at a loss in unexpected circumstances. Obtaining jewellery valuations is extremely important because

• Precious metal prices change frequently.
• Gemstone values rise over time.
• Insurance policies require up-to-date documentation.
• Inheritance and probate require accurate fair-market values.

Jewellery Repair in London: Restoring the Sparkle You Love

Have you lost a stone on your ring, the clasp of your chain became loose, or the earring somehow broke? In such circumstances, it is crucial that you get your jewellery repaired. That’s where professional jewellery repair comes in. All you need to do is look for the right jewellery-repairing service provider and get the jewellery repaired in a few days.

Typical jewellery repair services include:

• Ring resizing
• Cleaning & polishing
• Re-tipping & re-clawing
• Plating

Summing Up

To sum up, there are a number of things that you need to pay attention to, especially your delicate or antique jewellery. The above tips will definitely help you safeguard your valuable assets and make sure that they stay in the best conditions in the days to come.