VALUATIONS FOR JEWELLERY & WATCHES

Insuring

If you would like to know about an option for insuring your jewellery or watches, you may wish to look at TH March; and for an online quote from them click here. This is one provider we know of specialising in jewellery + watches with a good reputation within our industry although we suggest you check your household policy as there may be an option there. There may be other stand alone policies available, and please seek professional insurance advice if you need it.

Selling valuations

Wondering if we'd be interested in buying your jewellery or what it's worth? Click here.

Settings checks for insurers

If you need the settings checked on your jewellery as requested by an insurance company, we can provide a formal letter. Prices below. 

Formal Valuations

Quite often people may want to have their watches or jewellery valued for insurance, probate or other specific purposes such as private sale, formal division of assets and divorce settlement.  There are also Post Loss Assessments for those people who have lost their jewellery and don’t have a valuation (helping them quantify their jewellery’s value to support an insurance claim).

You can always talk to us about your circumstances and what you want your valuation for. We’re happy to advise and guide in our comfortable central Reading shop. Have a look at the list below for a handy checklist of things to bring in to help the conversation. 

For the more technical valuations (insurance, probate, etc.) we are one of the few jewellery shops in the Reading area who provide in-house, on-site and internal staff produced valuations following the guidelines laid down by the Institute of Registered Valuers (IRV); our trained valuer is a Member of the Institute (MIRV). When busy we may also engage other registered MIRVs to work on site at Jacobs. 

As such we have a simple process to allow us to produce the formal documentation you need. You will need to bring in to the shop:

  • Your articles
  • Any receipts
  • Any previous valuations
  • Any boxes, ideally original ones
  • Any certificates or third party papers relating to the articles
  • Your insurance policy’s single item limit, if needed for insurance
  • The deceased’s name and date of passing, if needed for probate
  • Please note that withholding any pertinent information will potentially void our work, require recalculations and require additional fees

We will make an initial observation of the articles based on this information and your requirements and take you through the IRV’s standard valuation checklist. 

Typically we work on a monthly cycle on or around the first few days of each month, so if you can have your items with us by early in each month, we should have your paperwork ready in 4 to 6 weeks. Your items may be able to collected sooner. Contact us to check our schedule or book in.

Our fees are £100 inc VAT for the first item, £95 inc VAT for each item thereafter. On occasions we work on an hourly rate of £200 + VAT for large projects.  For probate, you can estimate 3 to 4 items for £200 inc VAT. We’ll advise if we need to take external advice or resource and the reasons why.

A sample valuation is shown below which demonstrates the level of professional standard required by the Institute of Registered Valuers of its members.

Contact us for more information or to make an appointment.

 

 

For information, here is what our policy is for pricing for revaluing and recent purchases

All valuations are carried out to 2016 IRV standards. Should these change, we reserve the right to alter our structure.

 

First time:

 

Completion of IRV standard document

Revaluing:

 

 For any basis once a Valuation Doc exists

Bought from Jacobs

 

Initially with compliments + one further complimentary revaluation within first 5 years of ownership

TYPE OF DOC

If within 5 years of purchase (over complimentary work)

 

£50 each item

(50% reduction)

 

OLD STYLE JACOBS DOCUMENT & CONVERSION TO NEW IRV

If more than 5 years old

 

£75 each item

(25% reduction)

   

NEW JACOBS  

IRV  STYLE

 

 

(over complimentary work)

£50 each item

(50% reduction)

 

Bought elsewhere

£100 first item

£95 second item

(or as price list)

OLD STYLE JACOBS DOCUMENT & CONVERSION TO NEW IRV

£75 first item

(25% reduction)

NEW JACOBS

IRV STYLE

£50 each item

(50% reduction)

 

 A letter from Jacobs confirming your item of jewellery's setting is in good condition:

Bought from Jacobs £25, bought elsewhere £35.

All prices include VAT.

 

 

 

 

Sample Valuation