Why do you need a jewellery valuation?
Written by Kristina Indienko, Insurance Advisor
January 28, 2019
The world’s most expensive piece of jewellery is the Hope Diamond, priced at a whopping $250m. And – while yours might not fetch that kind of price tag – it’s certainly worth knowing its value!
This is the case whether it’s a ring that you wear every single day or a necklace that’s buried at the bottom of a drawer. Let’s look at three reasons why it’s in your interest to get a valuation done and learn the official cost of your jewellery.
Reason 1: Insurance
Your insurance firm likely won’t cough up the full amount you deserve if a piece of jewellery goes missing without having first had a valuation. The only thing worse than losing the piece in the first place could be the bitter taste you feel from receiving a low payout – or even no payout. Thankfully – whether it’s lost or stolen – you’ll be in a better position to claim back the full value of a piece of jewellery if it’s had a valuation.
Reason 2: Knowledge
Knowledge is power – and there’s no greater power than knowing that you’re sitting on a very valuable piece of jewellery! If you’ve ever received or inherited a piece of jewellery that – to put it politely – doesn’t quite meet your tastes, then you’ve probably just hidden it away. Unfortunately, if it’s worth a lot you could be taking better care of it and ensuring it retains its value. The only way to know for sure is to get a professional valuation.
Reason 3: Pride
Let’s be honest, you might change your opinion on a piece of jewellery once you’re clued in about its value. All of a sudden it might take pride of place around your neck, on your hand or even make a suitable gift to someone else! After all, who doesn’t like to brag about how much something is worth? Luckily, you’ll have a definitive price tag to shout about from the rooftops once you’ve had a professional valuation.
Now’s the time!
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