Jewellery often carries significant value, both sentimental and financial. However, many people overlook the importance of getting their jewellery valued regularly. Whether it’s a family heirloom or a recent purchase, keeping an up-to-date valuation is essential for insurance, resale, and peace of mind. In this guide, we’ll explore why jewellery valuations matter, when to get your jewellery valued, and how to ensure an accurate valuation. To learn more about getting your jewellery valued professionally, keep on reading our blog.
Why Are Jewellery Valuations Important?
There are several reasons why jewellery valuations are important, including:
Insurance Protection: Having an accurate valuation ensures that your jewellery is covered for its full replacement cost in case of loss, theft, or damage. Many insurers require a recent valuation certificate to process claims and ensure that you get reimbursed.
Resale Opportunities: If you ever decide to sell a piece, knowing its market value can help you set a fair price and negotiate confidently.
Sentimental and Historical Records: Valuations provide detailed descriptions of your items, including their materials, design, and craftsmanship.
When Should You Get Jewellery Valued?
It’s easy to overlook valuations, but there are specific times when it’s wise to update them:
After Purchase or Inheritance: If you’ve recently acquired jewellery, whether through purchase or inheritance, it’s essential to get jewellery valued to establish its worth.
For Insurance Renewals: Valuation certificates should be updated every 2-5 years, as market conditions can affect the value of precious metals and gemstones.
Following Repairs or Modifications: Alterations to your jewellery can impact its value. For example, resetting a diamond or resizing a ring might increase or decrease its worth.
Signs It’s Time to Book a Jewellery Valuation
If you're feeling unsure about when you should consider getting your jewellery valued, these are some clear signs that it's time to get a professional valuation:
You’ve acquired a new piece of jewellery and want to ensure it’s insured.
The last valuation was conducted more than five years ago.
You’re considering selling a piece and need an accurate idea of its worth.
Significant changes in the market, such as rising gold or diamond prices, make it likely that your jewellery’s value has increased.
Ian Mundie & Son: Get Your Jewellery Valued
Getting jewellery valued isn’t just a one-time task—it’s a necessary part of owning and preserving valuable pieces. Regular jewellery valuations ensure you’re adequately insured, prepared for resale opportunities, and aware of your collection’s true worth. If it’s been a while since your last valuation, now is the perfect time to book an appointment with a trusted professional.
Get in touch with Ian Mundie & Son for more information today.
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