STORIES - Why You Should Have Your Jewels Valued Regularly
A valuable ring, collier, or bracelet is often bought to last a lifetime, but its value doesn't stand still. Precious metal prices fluctuate, diamond markets shift, and without an up-to-date valuation, you don't really know what your piece is worth today. At BY JACKY®, we explain why regular valuations matter and how the process actually works.
What exactly is a jewellery valuation?
A valuation is an official, written assessment of a piece of jewellery's value, carried out by a certified appraiser. This involves assessing the material, the gemstones, the weight, the cut, and the overall condition of the piece. The result is a valuation report stating the current value, which you can use for insurance, resale, or inheritance matters.
Why is a valuation so important?
Insuring at the right value
Most insurers require a valid valuation report before fully covering a piece of jewellery. Without one, you risk being reimbursed for only a fraction of the actual value in the event of loss, theft, or damage or in the worst case, not at all.
Fluctuating market value
The price of gold, platinum, and diamonds changes continuously due to market conditions. A ring valued five years ago may have a significantly different value today; often higher, sometimes lower. Only a recent valuation gives a reliable picture of its current worth.
Selling or trading in
Want to sell a piece of jewellery, trade it in, or use it as part of a new design? A current valuation is essential to determine a fair price, both for you and for the buyer.
Inheritance and estate planning
When dividing an estate, an official valuation is essential to fairly and transparently establish the value of jewels between heirs, and to correctly calculate any tax obligations.
How often should you have your jewels valued?
A general guideline is to have valuable pieces revalued every 3 years, especially items containing diamonds or precious metals. A new valuation is also recommended after:
A significant change in the market price of gold or diamonds.
A repair, adjustment, or restoration of the piece.
Taking out a new insurance policy or changing an existing one.
How does the valuation process work?
A valuation at a certified jeweller typically follows a few steps:
Inspection: the appraiser carefully examines the jewellery, including the metal, the gemstones, and the finish.
Gemstone identification: for diamonds and coloured gemstones, the cut, clarity, colour, and weight are assessed (the well-known 4 C's for diamonds).
Market comparison: the appraiser compares the findings to current market prices and comparable sales.
Reporting: you receive an official valuation report with a detailed description and the current value, often including photos of the piece.
Get your jewels valued today
Whether you have an heirloom, an engagement ring, or a recently purchased piece: a current valuation gives you certainty, whether for insurance, resale, or simply peace of mind. At BY JACKY®, we offer professional jewellery valuation by certified experts, resulting in a clear and reliable report.
Learn more about our Jewellery Valuation service or request personal advice.