Is it time to revalue your jewellery?
With the wet and windy season here, now is a good time to consider reviewing whether you should have your Jewellery re valued. At JDS we have a little more time this month, before wedding season starts with a rush in September. So take advantage of this amazing offer to value your items at special discount prices.
Is it time to revalue?
Jewellery Valuations are one of those things that few of us think about. We buy a piece of Jewellery, take it home and hopefully have much pleasure in wearing. Many Jewellery purchases are aligned to special events in our lives – engagement, weddings, birthdays, anniversaries and so it seems inappropriate to dwell on value.
Should those items be stolen within the first year or two, then receipts, etc will probably be easy to locate or replace, but what about inherited jewellery, or those pieces that somehow are now 10-20-30 yrs old? How do you protect their value adequately?
What do you have to prove the value of your items?
Have valuations? Why should you revalue your jewellery?
Jewellery values are subject to external market forces, primarily changes to gold prices, US/AUD exchange rates, as well as fashion trends.
For example since 2001 Australian Gold prices have increased from the late 1990’s to today by over 350%!!
2012 -2014 was the best time in recent history to buy that diamond ring – why? Due to the strength of the Australian dollar, diamond prices dropped drastically, but what’s the value today?
What are the costs?
It depends. There are Jewellers who provide valuations, and there are Registered Valuers. The former provide the cheaper option, but may not be up to date on new technologies, imitations, synthetics and enhancements, neither would they have been trained necessarily in valuing antiques, or other specialist items.
Registered Valuers are members of the NCJV (National Council of Jewellery Valuers) and are not only qualified Gemmologists, have been accredited as Valuers by examination, they are also committed to ongoing education in their chosen field.
To identify a Registered Valuer visit www.ncjv.com.au or ask to see their seal and Registered Valuation number.
At JDS we have two Registered Valuers working side by side.