Jewellery Valuation for Accurate Insurance Settlements

In December 2024, London witnessed one of Britain’s biggest burglaries, where over £10 million worth of jewellery and designer handbags were stolen from a home in St John's Wood. Among the stolen items were unique pieces from renowned designers like De Beers and Van Cleef, as well as Hermès Crocodile Kelly handbags. As reported by both The Guardian and BBC News, this high-profile case highlights the critical importance of ensuring your valuables are accurately and regularly valued for insurance purposes.

Why is Jewellery Valuation Essential for Insurance?

Jewellery is a significant asset, and its value can fluctuate due to market conditions, changes in precious metal prices, and trends in gemstone demand. Without a proper valuation, you may risk being underinsured, leaving you without adequate compensation in the unfortunate event of a claim. Regular jewellery valuations ensure that your insurance coverage accurately reflects the true value of your possessions, providing peace of mind and financial security.

What Does an Insurance Valuation Involve?

Our insurance valuations are comprehensive and independent. Each item is meticulously assessed to determine its value based on:

• Carat weight, cut, and clarity of diamonds and gemstones

• Precious metal content, including gold, platinum, and silver

• Provenance and rarity of antique or bespoke pieces

• Current market trends for high-net-worth jewellery and luxury watches

The resulting valuation report includes detailed descriptions, high-resolution digital images, and valuation figures based on current market conditions. These documents are recognised by insurance providers, ensuring a smoother claims process when needed.

How Often Should Jewellery Be Re-Valued?

To keep your insurance coverage accurate, we recommend revaluations every 2-3 years. Precious metals and gemstones often appreciate in value, and staying up-to-date protects against potential underinsurance. For high-value collections, more frequent valuations may be necessary.

Your Partner in Protection

At Jewellery Advisory Services, we help safeguard your treasured possessions by providing professional and independent valuations. Whether it’s an engagement ring, a family heirloom, or a collection of luxury items, our detailed assessments ensure your valuables are fully protected against loss or damage.