A relative has died, now you need to divide the jewellery, but how?
If you are settling an estate, this is the valuation you need both to ensure there is a fair distribution among the heirs, and also to prove the estate value for inheritance tax. So it is often called the Probate Valuation.
Unlike an insurance valuation which indicates the full retail replacement value, this assessment is based on the value of the jewellery if sold. In other words, how much the items would be likely to fetch at auction, or by selling your jewellery to a shop such as ourselves. We take into account the worth of the materials, prevailing tastes, and the condition and state of wear of the items.
What we need
Bring the jewellery to us, and explain you need a probate valuation.
Often there are a number of pieces to value, and it does take time,
so we may need to keep them for a few days, we will tell you how long we need when
you bring the jewellery to us.
If you have found any of the receipts, or any other documentation (e.g. stone certificates) do bring them, as it helps us. But don't worry if you haven't found them, it usually doesn't have much effect on the value. Often it is more important to get the estate settled quickly.
Remember if you (or whoever inherits the jewellery) decide to sell, we will need proof of identity. But we do not need it while we are doing the probate valuation.