While many home contents policies cover jewellery, all insurance companies will require items over a certain value to be specified individually on the policy with evidence of either a receipt or a valuation. With fluctuations in the precious metals and diamond markets, the value of your jewellery will be subject to change which is why insurance companies advise that you keep your valuations up-to-date. We recommend updating jewellery valuations at least every 3-5 years. Should the worst happen, you want to make sure that your claim will cover the cost of replacing your precious jewellery.
Whether you are looking a valuation for insurance, probate or private sale reasons, Lance James can provide you with a professional valuation that is recognised by all insurance companies. The documentation comprises of a comprehensive report with a detailed description, a colour image together with a replacement or open market value.
Based at Chelmsford, our Graduate Gemmologist (GIA) Anna Rogers is an independent valuer who is a Member of the Institute of Registered Valuers (MIRV, registered number IRV99020), an individual member of the Gemmological Association of Great Britain (Gem-A) and a Member of the Society of Jewellery Historians (SJH). As a fully qualified registered valuer, Anna continues to keep abreast of developments within the diamond and gemstone trades by continuing her professional development with a range of recognised formal and practical training courses.
VALUATION SERVICES, FEES & DELIVERY TIMES
Because assessments are carried out on the premises, we can provide you with a quick and efficient turnaround, normally within 7-10 working days.
INSURANCE - £100 for one item (£50 for each additional item) Premium items (including rings set with diamonds over 1.00 carat each) - price available upon request.
PROBATE - £100 for one item (£50 for each additional item)
A Probate Valuation is a written report that describes the jewellery and its value to calculate inheritance tax. It is required by the relevant legal authorities and represents the value of items on the open market or at auction. It is completed in compliance with HM Revenue & Customs and in accordance with Section 160 of the Inheritance Tax Act 1984.
DIVISION OF ASSETS (FAMILY DIVISION) - £100 for one item (£50 for each additional item)
A Division of Assets Valuation represents the value of a jointly owned asset on the open market or at auction, enabling individual parties to divide assets fairly.
WATCH VALUATION - £100 per item
DIAMOND, GEMSTONE OR PEARL WRITTEN ASSESSMENT - £45 per stone
POST LOSS ASSESSMENT REPORT - £100 for one item (£50 for each additional item)
If you don't have an up-to-date valuation, an independent Post-Loss Assessment Report supports a claim to your insurance company in the unfortunate event of a loss or theft of your jewellery. It is not a valuation but a knowledge and market-driven estimate based upon the information gathered.
EXPRESS SERVICES ALSO AVAILABLE BY APPOINTMENT:
Please contact our IRV Jewellery Valuer, Anna, either by email at email@example.com or telephone 01245 500499 for more information.
THE INSTITUTE OF REGISTERED VALUERS
The Institute of Registered Valuers (IRV) is the UK's leading authority of jewellery, watch and silverware appraisers. They are the longest-serving and most recognised valuation trade body and are regulated by the National Association of Jewellers.
A knowledgeable, reliable and trusted community of valuers since 1987, the IRV has been at the cutting edge of training, educating and raising the industry standard in the jewellery appraisal profession for more than three decades.
In addition to strict entry criteria, all IRV Members and Fellows must commit to its Code of Practice, ongoing Continual Professional Development as well as Professional Reviews every five years. Serving the general public, trade and insurance sector, every IRV must provide verified and proven credentials, qualifications and experience while demonstrating the Association's values of honesty, integrity and professionalism.
VALUATIONS BY POST
We are now offering a safe and secure valuation by post service.
LOCAL GEM LAB SERVICE
If you have inherited some jewellery or purchased loose gemstones while on holiday abroad, you may like to confirm the authenticity of the stones or pearls. We are proud to offer a local lab service for loose and mounted diamonds, gemstones and pearls. This service is carried out by GIA GG qualified Gemmologist, Anna Rogers based at our Chelmsford store who will be happy to provide you with impartial independent assessment.
Because this service is carried out our Chelmsford store, assessments normally take 5-7 working days. An Express Service is also available on request. Please contact Anna at firstname.lastname@example.org for further details.
JEWELLERY INSPECTION REPORTS
Some insurance companies may require that more prestige items should be checked annually to make sure that they are fit for daily wear. This jewellery "MOT" will involve checking that all aspects of the item are in a good state of repair and can be worn for another year. An inspection report can normally be completed within one day and costs £25.
SPECIALIST JEWELLERY INSURANCE POLICIES with T.H. MARCH
If you have a special piece of jewellery which you would like to insure as a separate item (rather than include it in your household contents policy), we work with top jewellery insurers, TH March who offer specialised jewellery insurance policies. With over 131 years as specialists in jewellery insurance and Appointed Insurance Brokers to all the major jewellery trade associations, their knowledgeable staff will help to advise you the best way to make sure your jewellery is adequately covered.