How accurate are jewellery valuations?
The accuracy of jewellery valuations can vary depending on several factors. Here are some key points to consider:
- Appraiser’s expertise: The accuracy of a jewellery valuation depends on the competence and experience of the appraiser. A certified gemologist or a professional jewellery appraiser with relevant credentials is more likely to provide a precise and reliable valuation.
- Purpose of the valuation: The purpose of the valuation matters. If the valuation is for insurance coverage, it may be higher to ensure full replacement in case of loss or theft. If it’s for resale, the value may be lower as it accounts for market conditions and potential profit margins for a buyer.
- Quality of the jewellery: The quality of the jewellery, including the materials, gemstones, craftsmanship, and overall design, plays a significant role in its valuation. High-quality materials and precious gemstones will generally have higher values.
- Market conditions: The fluctuating prices of precious metals and gemstones can impact the accuracy of a jewellery valuation. Market conditions change over time, so a valuation today might not hold the same value in the future.
- Certification and documentation: Having proper documentation and certifications for gemstones and metals enhances the accuracy of the valuation. This information helps appraisers make more precise assessments.
- Appraisal method: There are different methods for valuing jewellery, such as comparison with similar pieces, the cost to replace, or the intrinsic value of materials. Each method has its advantages and limitations.
- Local market differences: Valuations can vary across different regions due to variations in consumer preferences and market demands.
It’s important to note that a jewellery appraisal is an expert’s opinion based on their evaluation of the item at a particular point in time. The value assigned to the jewellery may change over time due to various factors, including market fluctuations, changes in demand, or updates in gemstone grading techniques.
AcuVal Adds the consistency of repeatable outcome, this give you a credible and trusted valuation.
How often should I have my diamond ring checked
Diamonds are among the hardest natural substances on Earth, which means that they are very durable and resistant to damage. However, while diamonds themselves are difficult to damage but not impossible, the metal and setting that hold the diamond in place can be vulnerable to wear and tear.
If a diamond ring is worn regularly, it can be exposed to a range of environmental factors such as dust, dirt, and chemicals, which can dull the metal and damage the setting. Additionally, accidental impacts, knocks, or scratches can potentially cause the diamond to become loose or even dislodge completely from its setting.
Therefore, it’s essential to take good care of your diamond ring, keep it clean and dry, and avoid wearing it during any activities that could expose it to undue stress or impact. Regular professional inspections by a jeweler can also help to detect and prevent any potential issues that could lead to damage.
It is recommended to have your diamond ring checked at least once a year by a professional jeweler. During this checkup, the jeweler will inspect the diamond to ensure it is secure in its setting and that there are no signs of damage or wear and tear. They will also clean the ring to keep it looking its best.
If you wear your diamond ring daily or engage in activities that could potentially damage the ring, such as sports or heavy manual labor, it may be advisable to have it checked more frequently, perhaps every six months or so.
It’s also a good idea to check your ring regularly at home for any signs of damage or loose stones. If you notice anything unusual, take it to a jeweler for a professional inspection right away to prevent further damage or loss of the diamond.
See out list of recommended jewellers in your area.
Source: Certin Diamond Insurance
Certin Diamond Insurance
With Certin Diamond Insurance, you are covered!
We offer 30 days of complimentary cover to ensure you are covered from the day you pick up your precious piece from one of our network jewellers.
Simply fill in your details online, register your diamond and receive instant cover.
Alternatively, give us a call and we can provide your cover over the phone.
Learn more: certin.com.au/#contact
Jewellery Valuations
Jewellery Valuation Certificate in your personal Vault.
Or printed the hard copy for your files.
The best of both worlds at a fraction of the cost and updated every year for your insurance requirements.
AcuVal is the safe and secure repository for your valuation certificates.
Keep records of your precious items up top date Always ready to send to your insurer or jeweller.
Maintain a list of jewellery items and track the value.
Your digital valuation certificate vault stores an accurate record of the value your valuables.All on your Free AcuVal App on the App store or
Download here https://acuval.com.au/download/#download
Watch and Jewellery Valuations
If Require a watch or jewellery valuation for insurance.
AcuVal is the jewellery valuation App for you.
Simply download the Free App off the App store, and you are almost there.
A HD picture with your phone, and model and serial number is all the valuer will need to complete your valuation, all while your watch remains on your wrist.
No longer the need to leave you watch or jewellery with anyone.
The superior technology making your experience hassle free.
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Jewellery insurance valuations
Annual jewellery insurance valuations are necessary to make sure you are covered properly.
Call DCLA to book an appointment for a Internationally recognized and qualified valuation, or diamond report.
Prices from $75.00