Valuing jewellery accurately is a highly skilled profession that involves years of training and experience. By selecting an NCJV valuer you can be confident the appraisal will meet the highest standards.
This includes the type of market on which the assessment is based and the reason for the valuation, such as insurance, deceased estate, auction, private sale or divorce settlement. The different markets and reasons for a valuation have an impact on the value.
A detailed assessment that estimates the likely replacement price if bought in a shop. This type of valuation is often used by insurance companies.
The minimum hammer price achievable in an ideal auction market, where time is not a factor. This figure does not include premiums or commissions that can vary at each auction.
An estimate of a reasonable second-hand price between a willing buyer and seller in a fair or specialised market without time constraints.
The price that can be expected when an article must be sold within a short time frame in potentially non-ideal market conditions.
A value for used items that takes into account the condition, desirability and collectability of the item.
A fair and reasonable second-hand price when someone wants to sell an item to a member of the public. In such cases, the valuer acts as an unbiased expert and GST, sales tax or duty is not included in the valuation.
The Family Court may require a valuation of jewellery in a divorce settlement. Written directions are provided by the solicitors with the valuation usually based on “fair market value”, although this may vary.
Written directions are provided by the lawyer or executor of the will, with the valuation reflecting the current market value or requirements of the will.
Such reports contain detailed technical information, with the assessments conducted in the same way as a full valuation.
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