How much does a Valuation cost?

The honest answer is, it depends on who is doing the valuation.

Jewellers charge a whole range of prices to complete valuations. Commonly the charge is either based on a percentage of the total value, or a set cost per item.

I’ve always found the ‘percentage’ charge rather ambiguous. Not only do you have no idea how much you will be charged, I also feel it can lead to jewellery being overvalued. The higher the value, the higher the charge. We'd all like to write our own checks!

The charge on a per item basis ranges also, depending on the jeweller. At least with this charging structure you know the total cost of the valuation. If the jeweller charges £75 per item and you have 3 items, do the math, as our American cousins would say.

More important than cost though is the quality and content of the valuation schedule. A poorly produced valuation with very little detail will be poor value for money, no matter what the cost.

Personally, for the exclusive same-day valuation service we offer, our charge is £65 per item. This includes cleaning, assessment, testing, photographing, full and detailed description, weights and measurements and a professionally produced Valuation Schedule accepted by all insurers. I also register all valuations on-line with the Guild of Valuers secure platform, giving access to your insurer and the police if needed.

Excellent value to ensure your insurance cover is correct I think.


What Should You Spend on An Engagement Ring?

Ever wondered what you should be spending on an engagement ring? There are certain rules out there and all are different and so cause nothing but confusion. Here’s my simple, straightforward advice……

Jewellery and Watch Valuations: The Risks of Being Over-Insured

Not having the right paperwork when it comes to making a claim can be an expensive mistake. It can also mean you’ve been paying a premium for insurance that will never pay out. Find out what happened to one lady who after going through a horrendous robbery, then needed to claim…..