Jewellery valuation

[Deleted User]

My mum sadly passed away a couple of months ago as a result of which I have inherited some pieces of jewellery. I don't really have any expensive jewellery myself - apart from my wedding ring which cost £500, the rest of my stuff is mostly just tasteful fake .

My mum's jewellery was shared out amongst her children and grandchildren so we have got 2 or 3 pieces each. I don't think most of it is worth a lot but we're not 100% sure of the origin of some of it because mum didn't wear it. I have been given a ring which was my grandmothers and is very unusual. I can't find anything like it on-line.

I would like to have it valued, partly because I would be interested in knowing a bit more about it but also so I can ensure it is covered on my insurance policy (not that it could ever be replaced of course hence why I wear it all the time)

I have no idea how to go about getting it valued. Could someone give me a steer please. Many thanks in advance

Quentin

Ask for local recommendations for a jeweller.

dzug1

Take it into a jeweller - preferably a local independent one. He'll probably give you a verbal figure for nothing - but if it's for insurance it will need to be in writing which you will probably have to pay for

[Deleted User]

Thanks - there are a couple of independent jewellers where I live. I will visit them at the weekend and see what they say.

I am just so chuffed that my mum left the ring to me - its so difficult to find a ring that is really unusual and I absolutely love it!

InsideInsurance

Shop around for quotes and check which ones actually do their own valuations and which post it away. Some charge on a percentage of the items value with a minimum total price where as others charge a flat rate per item price.

Depending on how many items you have and where you ballpark the prices will depend on which is better for you.

22johnny22

As a note I would say you may get one of three valuations which often differ by a staggering amount.

The value you should insure it for
The value they would sell it for
The value they would pay you for it.

Independent jewellers are often very competitive when buying from them but when buying from you they will sometimes offer a lower price.

Insurers often get justified discounts on generic items so don't expect to always receive the valued amount in the event of a claim.

McKneff

and wear it and enjoy it. x

bouncydog1

22johnny22 wrote: »

As a note I would say you may get one of three valuations which often differ by a staggering amount.

The value you should insure it for
The value they would sell it for
The value they would pay you for it.

Independent jewellers are often very competitive when buying from them but when buying from you they will sometimes offer a lower price.

Insurers often get justified discounts on generic items so don't expect to always receive the valued amount in the event of a claim.

You need to ask them for a valuation to replace it, if it was lost to put you back in the same position as immediately prior to the loss. As you have no intention of parting with it, the other two values are not needed.