Business – Valuation (Jewellery) experts

Introduction

Experts in this field are valuation specialists who have focused their studies on the monetary worth of jewellery. Valuation is the process of estimating the worth of an item using professional knowledge, expertise and judgement. In this case, it relates to making estimations on the value of the metals, gemstones, significance, and the skill and labour used in the creation of the item. 

Valuation of jewellery is generally performed for the purposes of insurance, sales or trade, taxation, or curiosity. It allows for a proper understanding of the owner’s wealth and estate value, and informs proper taxation amounts. Knowing the value of an item also benefits the owner in that they can then adequately protect and maintain the object, so that its value is preserved. 

Experts in this area come from many professional backgrounds. Many will have worked with jewellery in the past, perhaps as jewellers or specialty dealers. Some will be trained valuation experts, or perhaps have worked in valuation for an insurance company. They may also come from a general materials background, specialising in the current values of metals and gemstones, or historians focused on the historical and cultural significance of particular makers of jewellery. The specific specialisation and background needed in your jewellery valuation expert will be determined by the matter which requires examination.

At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain a recommendation that suits your needs and budget.

Expertise in Action

Experts in valuation as it relates to jewellery can be called upon to assist in cases involving estates, taxation of complex collections, insurance matters, and many more.

Sample Reports

For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.

Cost

The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:

• The need for a view or inspection of a location
• The quantity of documentary material to be reviewed
• Whether there are reports of other experts to be reviewed and commented on in detail
• Whether there is a need for conferences with the expert either in person or by telephone/Skype

Relevant Articles Jewellery Valuations

A helpful introductory article to the world of jewellery valuations.

Valuation Myths

An article outlining some common misconceptions in the industry.

Valuing your treasures

An outline of some of the reasons one might wish to have their jewellery valued.

Relevant Cases McDonald v O'Connor [2019] NSWSC 261 (14 March 2019)

A case involving a deceased estate, where the value of jewellery was a consideration.

Worrell, in the matter of Tantner (Bankrupt) v Issitch (includes corrigendum dated 25 October 1999) [1999] FCA 1452 (22 October 1999)

A case in which the wealth of one of the parties was of significance, requiring valuations of jewellery that she sold to be produced.

Related Blog Articles