Valuation Types

Did you know that there is no single all-encompassing; one size fits all value for a watch or a piece of jewellery?  On the contrary, there are in fact numerous values which can be applied to the same piece.  The reason for this is down to the type of valuation required and its intended use.

Here we will give you an insight into the different types of valuations that we undertake.  Irrespective of the type, each valuation will be presented in a quality bound presentation folder and will always contain the following:


Letter of Transmittal and Introduction
The letter of transmittal ‘LOT’, explains the instructions, market and conditions under which the watch or jewellery valuation has been carried out.

Valuation Schedule
– 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
this explains some of the procedures employed in preparing your valuations, its scope and its limitations.

Image Gallery
a collection of multiple detailed colour digital photographs of the item(s) contained within your valuations schedule. 

Glossary of Terms
a full explanation of any technical words or terms used in your valuation.

Please contact us for further information or to discuss your individual valuation needs.


Valuation types

Insurance replacement valuation
This is typically referred to as an insurance valuation and is used to determine what a comparable new or second-hand item will cost to replace, in the unfortunate event of a loss or theft.

Such is the level of detail contained within this valuation, that it can also help to identify the item(s) contained within, should your they be recovered after a theft, or be of particular assistance in the process of restoration or repair.

Due to the continued fluctuations within the precious metal commodities market and exchange rates, it is recommended that your valuation is updated every two to three years.

Probate valuation (confirmation of Will in Scotland) 
in certain situations, the executor of a deceased’s estate will require a valuation for probate.  This is used to enable HM Revenue and Customs to establish the correct amount of duty that may be due on the deceased’s estate and is required to comply with Section 160 of The Inheritance Act 1984.

A probate valuation should not be used to obtain insurance, as the values ascribed bears no relation to the current new or second-hand replacement value.

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 undertaken when someone has suffered a loss/theft and does not have any or perhaps has only limited and/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 more a considered quotation or estimate for replacement, based upon relevant information supplied by the client. Completeness and accuracy of the information provided are absolutely critical, as even the smallest detail could have serious 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 Institute of Registered Valuers, these companies are not valuers and only have a very limited amount of watch and jewellery knowledge.  Therefore you could be agreeing to a settlement amount which does not truly reflect the item(s) you had.

As experts, we can prepare for you an independent, unbiased, post-loss assessment report, which can be submitted to your insurance company in support of your claim.   A post-loss assessment supplied by a registered valuer could help to ensure a swifter, hassle-free and possibly higher settlement.

Additional valuation types are available.
We are also able to undertake valuations for the purposes of Capital Gains Tax, Loan Security and cash liquidation.   As well as pre-sale inspections, grading and gemstone identification for our trade clients.

For further information on these or any of our private or trade valuation services, please feel free to contact us.