Retail valuation

Retail diamond valuations are used quite a lot in the insurance industry as a way to figure out the exact value to replace stolen or lost jewellery items with. This jewellery valuation is based on current market prices and trends, and will look at each and every single part of your item. This is done because – whilst two pieces may look identical – their qualities, gems used, and bonding methods will not, and this may affect the worth of the piece.

What happens in a retail valuation?

Retail jewellery appraisal usually consists of the same approach, even if the jewellery item uses many different types of gems and metals. When you bring your effects into a jewellery valuation centre for an independent diamond appraisal, your item will:

• Be thoroughly cleaned using the latest, ultrasonic methods.
• Have every part of the item inspected and tested under control examples.
• Have photos taken for identification.
• Have both its carat and physical weight measured and noted.
• Be cross checked against a worldwide database to make sure it’s genuine.

Once these steps have been done, the worth of your item will be much easier and more accurately valued. This value is then recorded in a diamond certification letter that you can give to your policy provider.

Benefits of a retail valuation

Retail valuations are your safeguard in case you ever have to suffer the loss or theft of your most prized items. They will give your policy provider the precise value of your jewellery at the time. They will also make sure that you will receive the full worth of the item. This type of valuation can also help police identify the item, should it or a similar looking piece be found.

It is also great to keep as a record of your purchase. These type of valuations are a very detailed report of what parts make up your jewellery item. Such a report allows you to cherish your item even more, and allows you to also identify which gems or metals are used. Valuations of this type have to be redone once every two to three years, due to changes in the market. The peace of mind that they offer, however, is priceless and well worth it.