Forced sale

A forced sale is when a seller is eager to offload a jewellery item within a short time frame. These types of sales are normally completed outside of non-ideal market conditions, such as non-negotiable pricing and low documentation. Forced sale diamond valuations are very important. They will be able to provide you with all of the information that you need quickly to make an informed purchase.

What happens in a forced sale valuation?

Forced sale diamond valuations are usually conducted on the site of the item. They will involve the diamond valuer visiting the site with all of the equipment that he will need to perform the appraisal. They will be looking at the jewellery item, particularly to diagnose whether:

• The diamonds and gems featured in the piece are certified by the GIA.
• The condition of the item as it is.
• The description matches the actual condition of the item.
• There are scratches or blemishes that could impact the final sale.
• There is any corrosion present in the metals used.

This cross checking is highly beneficial for forced sales. The nature of these types of sales can mean that the sale process can be sometimes rushed, and valuing the piece is one such way to control the speed of the sale.

Benefits of a valuation for a forced sale

With many forced sales, it can be difficult to make sure of the genuine nature of the piece due to the quick time frame placed upon the process. A forced sale diamond appraisal is one such way to provide you with assurance that the product you are about to buy is genuine and certified. It is also useful to provide to your insurance provider, who may sometimes be reluctant to cover a second hand item.