Deceased estate

The death of a friend or a family member is always a tough time for those that they knew, let alone going through the motions of carrying out their will. Whilst estate lawyers try their hardest to carry out the will to their exact wishes, it can be quite hard for them to do so for items like jewellery. A jewellery valuation of their diamonds and precious gems can help in not only making the process easier, but also provide closure to family members and friends.

What happens in a deceased estate diamond valuation?

The valuer will perform their normal appraisal, similar to that of a retail valuation. He or she will be looking for the types and quality of gems and diamonds used. They will provide the lawyer of the estate with a precise valuation of the jewellery’s worth. They will also:

• Be able to certify that the diamonds have been graded by the GIA.
• Identify each type of metal and gem used in the piece.
• Identify if the item is in good condition.
• Valuate the item against the market to find out its value.
• Inspect the item to see whether there is any corrosion in any metals.

These steps all help your diamond valuer in being able to find out the worth of the jewellery item(s) by today’s market standards.

Benefits of deceased estate valuation

During a time of grieving, it is vital that carrying out their will is made as hassle-free as it can be. A jewellery valuation is one way to move on from the estate division and leave family and friends to their privacy. Your diamond valuation of their effects will be able to verify the value of the estate for the lawyer’s benefit, making the will process shorter and smoother.