Valuation services
Did you know that there isn’t a single, universal value for a watch or piece of jewellery? In fact, the very same item can hold multiple values depending on the type of valuation required and the purpose it serves. For example, the figure provided for insurance purposes may differ significantly from the value assigned to it for probate or resale.
A professional valuation is far more than just a number—it’s a detailed document made up of several essential elements. A single sheet of paper is never sufficient; without the right detail, it simply won’t meet its purpose.
Below, we outline the different types of valuations we offer. Each one is carefully prepared and delivered as a digital PDF, making it easy to store, share, and provide directly to your insurer, solicitor, or other relevant party.
Valuation Schedule
Letter of Transmittal (LOT)
A full and detailed description of the item(s) presented for valuation.
Assessed colour and clarity of any diamond set pieces, including dimensions and weights.
Gemstone type and quality, for any gemstone set pieces, including dimensions and weights.
Nature of the manufacture and style of the item(s).
Hallmarks and any other identifying marks.
Thumbnail colour digital photographs of your item(s).
Notes to the Report
Detailed image gallery.
Glossary of terms.
Valuation types
Insurance replacement valuation
An insurance valuation establishes the replacement cost of a comparable new or pre-owned item in the event of loss or theft.
Because values can shift over time—driven by factors such as demand for specific models (particularly watches), fluctuations in precious metal prices, currency exchange rates, and the market for diamonds and gemstones—we recommend updating your valuation every two to three years. To support this, we offer preferential rates for returning clients.
Probate Valuation
(confirmation of Will in Scotland)
In some cases, the executor of a deceased person’s estate will need a probate valuation. This valuation must comply with Section 160 of the Inheritance Tax Act 1984 and allow HM Revenue & Customs to determine the correct amount of duty payable on the estate.
Division of Assets
(Divorce settlement/family division)
In the event of a divorce or separation, a division of assets valuation is used to determine a fair settlement between both parties. This type of valuation can also be prepared in advance to support a prenuptial agreement. As with probate valuations, the figures provided are not intended for insurance purposes.
Post Lost Assessment
A post-loss assessment is carried out when an individual has experienced a loss or theft and has little or no current documentation to support an insurance claim.
Unlike a standard valuation, a post-loss assessment does not involve a physical examination of the item(s). Instead, it provides an estimate or quotation for replacement based on the information and evidence the client can supply. The accuracy and completeness of this information are crucial, as even minor details can significantly impact the final settlement amount.
In certain situations, your insurance company may request an external company to conduct a post-loss assessment. Unlike members of the Jewellery Valuers Association, these companies are not valuers and possess only minimal knowledge of watches and jewellery. Therefore, you could be agreeing to a settlement amount that does not truly reflect the item(s) you had.
We can prepare an independent, unbiased, post-loss assessment report, which can be submitted to your insurance company to support your claim. It may help to ensure a swifter, hassle-free, and possibly higher settlement amount.
Additional Services
We also provide valuation and identification services to solicitors, local authorities and law enforcement. For further information on these services, please contact us.
