Valuation services

Did you know there is no all-encompassing, one-size-fits-all value for a watch or piece of jewellery? On the contrary, there are, in fact, multiple values that can be applied to the same piece. This is due to the type of valuation required and its intended use. The value of a piece for insurance is completely different to what the same piece would be worth for probate or sale.

A valuation is an important document comprising several vital components. It should never be composed of just a single piece of paper; it will not be fit for purpose if it does.

Here, we will give you an insight into the different types of valuations that we undertake. Each valuation is provided in a digital PDF format for easy storage and distribution to a relevant third party, such as your insurance company or solicitor.

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 schedule.

Detailed image gallery.

Glossary of terms.

Get in touch further information or to discuss your individual valuation needs

Valuation types

Insurance replacement valuation

An insurance valuation determines what a comparable new or second-hand item will cost to replace via the most appropriate market in the unfortunate event of a loss or theft. The valuation contains sufficient detail to identify the piece, should it be recovered or be of particular assistance in the restoration or repair process.

Due to fluctuations in demand for certain items, such as watches or the cost of precious metals and exchange rates, as well as the demand for diamonds or gemstones and watches, it is recommended that you have your valuation updated every two to three years. We offer preferential rates for returning clients.


Probate Valuation

(confirmation of Will in Scotland)

In certain situations, the executor of a deceased's estate will require a valuation for probate, which must comply with Section 160 of The Inheritance Act 1984. It enables HM Revenue and Customs to establish the correct amount of duty due on the estate.

Division of Assets

(Divorce settlement/family division)

In the unfortunate event of a divorce or separation, a division of assets valuation is used to calculate a fair settlement amount between both parties. This valuation type can also be prepared to support a pre-nuptial contract. As with a probate valuation, the values ascribed are not suitable for obtaining insurance.


Post Lost Assessment

A post-loss assessment is conducted when someone has suffered a loss/theft and does not have any or perhaps only limited or outdated evidence to support their insurance claim.

A post-loss assessment is not an actual valuation, as the item(s) can no longer be physically examined. However, it is considered a quotation or estimate for replacement based on whatever information and evidence the client can provide. The completeness and accuracy of the information provided are critical, as even the smallest detail could have severe ramifications upon 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 or Institute of Registered Valuers, these companies are not valuers and only have minimal watch and jewellery knowledge. 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 Valuation types are Available

We also provide valuation services to the jewellery and auction trade, solicitors, local authorities and law enforcement.  For further information on these or any of our private or trade valuation services, please feel free to contact us.