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!
Related Articles
Products for keeping your engagement ring safe and secure
We explored some of the best products for keeping your engagement ring safe. Check them out to see what suits you best!
Jewellery Insurance – 5 Tips from TIVON to avoid heartache
Laura Kobel from Chelsea Insurance chats with Ariel Tivon, one of the UK’s leading fine jewellers. It is a family-owned business that has 55 years of experience in sourcing only the finest stones.
Cyber risk during the lockdown
During COVID-19 pandemic a hacker attack is happening every 7 seconds. Lower your risk and stay aware with our review of top five risks during this lockdown.
Why do I need affordable self-storage insurance?
Self-storage insurance policy covers your belongings if they are stored away from home or business premises.
8 Facts About Engagements And Weddings
Thinking of proposing and looking at engagement rings? Or maybe planning your dream wedding with a huge wedding cake? Exciting times ahead! While insuring an engagement ring feels like quite a recent thing, some traditions have been which have been around for hundreds...
Chelsea Insurance Brokers is a Trading Name of Kensington Insurance Brokers, who are Authorised & Regulated by the Financial Conduct Authority.
Our Services:
- Jewellery Insurance
- Fine Art & Collectibles Insurance
- Home & Contents Insurance
- Landlord
- Business & Commercial
Our Address:
85 Tottenham Court Road
London
W1T 4TQ
Get In Touch
020 7937 9092
team@chelsea-insurance.co.uk
LiveChat (bottom right)