Non-forced sale

In the jewellery world, a non-forced sale is an item that has been put out for private tender between willing buyers and sellers. This is often done in a specialised market, where the price can be negotiated, and has no time frame to close the sale. These items tend to be second hand, however can also include rare or newly created pieces from a private jeweller. Jewellery valuations are vital to record the true value, considering the condition of the piece.

What happens in a non-forced sale jewellery valuation?

Non-forced sale diamond valuations are done on the site of the item, and involves the diamond valuer visiting this place. He or she will bring their lab tools with them, and perform the same service as they would at their office. They will be particularly inspecting the jewellery item to see whether:

• The diamonds are GIA certified and are genuine.
• The quality of the gems is good, if the piece is second hand.
• There are any blotches or scratches which could adjust the value.
• There are any signs of corrosion in the metals used.
• The description provided matches the actual piece.

This cross checking is important to determine both whether the item is what it is being described as, and also assessing its true worth. It will also be useful later on when you are looking to insure your diamond jewellery against theft or loss.

Benefits of a valuation for non-forced sales

With some non-forced sales, particularly those that include second hand items, it can be quite hard to verify its value and its condition. Non-forced sales may also need the item’s genuineness verified.. Having the item valued not only gives you a true assessment of its worth, but it also puts your mind at ease. A diamond appraisal of this type will make sure that it’s valued accurately, and that it is the genuine article.
Many insurance providers can be reluctant to provide policies for second hand items, too. Certification from a registered valuer is basically an approval that the piece is of good quality, and that it is of worth. You will be able to hand in this certificate to your policy provider, and they will be of no doubt that the item fits the criteria that they assess their insurance under.