If you want to sell your jewellery or sell jewellery for cash, you will have to make the jewellery go through a valuation process. To know the worth of their jewellery, most people go to a government-authorized body or institute that has a certain amount of expertise in figuring out the worth of jewellery items.
Valuation
A jewellery valuation process, conducted by a jewellery appraiser, is done with the aim of arriving at a thorough description and verification of the jewellery. The findings of the jewellery appraiser will be published in a printed document. Through this valuation process, the appraiser determines whether the jewellery is genuine. They also lets you know the amount at which it is valued currently.
You can trust the judgement of a professional jewellery valuer as they are trained and have years of experience behind them. Since major shifts keep happening in the jewellery industry from time to time, jewellery valuers make it a point to keep updating their knowledge.
While appraising your jewellery, the jewellery valuer might make some inquiries about the purpose for which you want your jewellery to be appraised. You must be completely honest with them as they are the ones who will guide you how to get a fair price for your old jewellery. Before assigning a jewellery valuer the job of appraising your jewellery, you can speak to a few people who had hired them in the past to get a better idea about their reputation and valuation skills.
Jewellery Valuation Report
After doing thorough analysis and extensive research, the jewellery valuer puts together detailed notes and an elaborate report that would offer you an accurate representation of the worth of your jewellery in the form of figures. The jewellery valuation report, prepared by the jewellery valuer, would be the kind that would resonate well with the tax authorities, police department, insurance companies and government agencies.
As somebody who wishes to sell of their old jewellery, the preparation of this report is very important. Once this report is prepared, you can be sure about the fact that your jewellery pieces can be identified and replaced without any issue when a claim is made on them.
The jewellery valuation report contains crucial information pertaining to your jewellery including their detailed descriptions, appraisal of the quality and composition of the jewellery, purpose of the valuation process, explanatory notes and a letter of transmittal.
Selling Value
Without going through the aforementioned process, it would be almost impossible for you to sell your old jewellery. Even if you quote a reasonable price to a prospective buyer, there is a remote chance of them buying it if you fail to produce a jewellery valuation report. Apart from helping you know the right value of your old jewellery, getting your jewellery appraised by a jewellery valuer makes it much easier for you to sell them.