Jewellery Valuations: The Different Ways We Do It

When a customer contacts us about having jewellery valued, our first question is always: What do you need the valuation for?

Different circumstances require different types of valuation, and it is not always obvious which one you need. Here are the four most common reasons customers ask us to assess their jewellery.

1. Jewellery Valuations for Probate

Following the death of a loved one, families often ask whether jewellery needs to be valued for probate and whether we can help.

A probate valuation may be required by the solicitor or executor responsible for administering the estate. We provide a professional written valuation on our headed paper, suitable for passing to the solicitor handling the probate process.

How is probate value calculated?

A probate valuation is based on the jewellery’s open-market value at the date of death. In simple terms, this is the amount the piece might reasonably have achieved if sold at that time-not the cost of replacing it with a new item.

We consider factors including:

  • The precious-metal content
  • The gemstones
  • The condition and age of the piece
  • Its desirability in the secondhand market
  • It’s likely resale or auction value

If an item is desirable and suitable for resale, its valuation will reflect its potential secondhand value. If it has little resale appeal, it may be valued principally according to the recoverable value of its metal and stones.

Every probate valuation is handled sensitively, carefully and professionally. Please ask your solicitor or probate adviser whether a formal valuation is required for your particular circumstances.

Book a probate valuation appointment.

2. Insurance Valuations for Jewellery We Have Created

We provide insurance valuations exclusively for jewellery made in our own workshop.

Because we know every detail of these pieces- from the metals and gemstones to the design and craftsmanship- we can accurately calculate what it would cost to recreate or replace them at current prices.

We no longer provide insurance valuations for jewellery made elsewhere or for antique and vintage pieces. Without complete knowledge of their construction, materials and provenance, it can be difficult to provide the degree of accuracy we require.

What does our insurance valuation include?

Each valuation includes:

  • A detailed description of the jewellery
  • The precious-metal type and fineness
  • Details of the gemstones and setting
  • Any distinctive or bespoke design features
  • A clear photograph of the piece
  • Its current estimated replacement cost

This provides your insurer with clear supporting information and helps ensure that your bespoke jewellery is insured for an appropriate amount.

Book an insurance valuation appointment.

 

3. Understanding the Secondhand Value of Your Jewellery

Customers often ask us what a piece of jewellery might be worth if they were to sell it.

In these circumstances, we can provide a complimentary verbal estimate of its potential secondhand retail value. This is based on what we believe the piece might sell for if it were offered through our pre-loved jewellery collection.

Please note that this figure is not the amount we would offer to purchase the jewellery from you. A retail selling price must take into account the costs involved in checking, preparing, repairing, presenting and guaranteeing the piece for its next owner.

This informal verbal assessment is provided free of charge and without obligation. It is intended to give you a realistic idea of your jewellery’s potential place in the secondhand market.

Arrange a complimentary assessment.

 

4. Selling Your Jewellery to Us

If you are considering selling jewellery directly to us, we assess what we can realistically offer for it.

We do not automatically value every item solely according to its scrap-metal weight. We examine the complete piece and consider:

  • Its condition and quality
  • The type and weight of the precious metal
  • The quality and value of its gemstones
  • Its design and current desirability
  • Whether it is suitable for our pre-loved collection
  • It’s likely resale potential

If we believe the jewellery can be prepared and resold as a complete piece, we may be able to offer more than its basic scrap value. If it is unsuitable for resale, our offer may instead be based on the recoverable value of its precious metals and stones.

We aim to provide a clear and fair offer based on the jewellery itself and its potential value within the secondhand market.

Book an appointment to sell your jewellery.

 

VISIT OUR
SHOWROOM

More than just an online jeweller, we have our own showroom and workshop where Mark personally crafts his creations. We know that purchasing jewellery is an important decision, which is why we welcome you to visit us in person and experience the quality and craftsmanship for yourself.

Visit us: 41 Park Road, Hartlepool, County Durham TS24 7PW.
Shop Opening times: Wed-Fri 9am-5pm, Sat 9am-1pm
(We are closed Mon & Tues)
  • 41 Park Road, Hartlepool, TS24 7PW
  • sales@marklloydjewellery.co.uk
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