#jewellery valuers

[prestigevaluationsuk]

https://themediumblog.com/p/What-Is-The-Role-Of-A-Jewellery-Valuer-In-Evaluating-Your-Jewellery

Jewellery has sentimental and monetary value, regardless of whether it is a modern design created by a contemporary artist or an heirloom item handed down through the centuries. Accurately determining the value of these objects depends heavily on the work of jewellery valuers. A combination of technical expertise, astute observation, and comprehension of market dynamics are necessary for this line of work. This article examines the duties and competencies of a jewellery valuer as well as the crucial steps in the appraisal process.

[ingek73]

Official jewellery gifts to royals worth £80m are not in national collection

Palace refusing to explain why official state gifts worn by Princess of Wales and Camilla are not in the royal collection

David PeggFri 14 Apr 2023 07.29 BST

Buckingham Palace is refusing to explain why 11 pieces of jewellery potentially worth £80m that were official gifts to the royal family are not held in a trove of national heritage.

The jewels, which have been worn by Queen Elizabeth II; Camilla, the Queen Consort, and Catherine, Princess of Wales, are not contained in the royal collection, the custodian of culturally significant items held in trust for the nation.

The pieces include a set of aquamarine jewellery, four brooches and six necklaces, including an extraordinary Cartier necklace of emerald- and brilliant-cut diamonds worth at least £40m given to the late Queen by an Indian prince.

At least four of the items were presented by heads of state. The palace’s policy states that “as a general rule” gifts to the sovereign from another monarch or head of state “automatically” become part of the royal collection, a body that manages items held by the sovereign in trust for the nation.

The Royal Collection Trust, which manages the collection, confirmed that it does not have custody of the 11 jewels.

A Buckingham Palace spokesperson declined multiple invitations to explain the current ownership of the 11 pieces. They suggested the royals do not regard the jewellery as their private property and that the items, which were given to the late queen between 1947 and 1979, “may” in the future be added to the royal collection.

“Official gifts are not the personal property of the member of the royal family who receives them, but may be held by the sovereign in right of the crown or designated in due course as part of the royal collection,” the spokesperson said. They declined to explain why the items were not already in the royal collection.

The palace’s policy on official gifts was first formulated in 1995 and updated in 2003. The guidelines state that items received on state visits or in connection with the royal family’s official role are not their private property.

All of the pieces identified by the Guardian were given to the queen before the guidelines were established. There is nothing in the policy that addresses gifts received by the royal family or the monarch before the code was set up.

The potential value of the items is hard to determine. Were anyone else to sell them, they would collectively be worth at least £8m, according to expert valuers.

However, analysis of previous auctions of jewels that were owned or worn by royals suggest the link to the Windsors would add a premium that could easily increase their total value to well over £80m.

‘An exceptional jewel’

Among the gifts identified are pieces of jewellery given to the queen at her wedding in 1947 and at her coronation a few years later by state officials.

It is one of the late queen’s most elaborate diamond necklaces and one she wore regularly. It has also been worn by Catherine, now the Princess of Wales, including at a gala at the National Portrait Gallery in 2014.

Sara Abey, a gemologist and jewellery merchant who estimated the value of several items for the Guardian, said the necklace could be worth more than £4m before considering its association with the British royal family.

“Having a renowned maker, important history and notable provenance, the queen’s Nizam of Hyderabad necklace is an exceptional jewel,” she said.

However her estimate of its value did not take into account what is described as the royal premium, which can dramatically inflate the sale value of an item and could make this necklace worth at least £40m.

Another diamond necklace was given to the queen as a wedding present by distinguished individuals from the City of London.

This, like many of the 11 items identified by the Guardian, was worn regularly by the queen. Other members of the royal family have also been seen wearing some of the gifts.

A diamond necklace presented to the queen during a state visit to the United Kingdom in 1967 by King Faisal of Saudi Arabia was lent to Diana, Princess of Wales in 1983. The necklace was originally made by the American jeweller Harry Winston in 1952 and could be worth as much as £9m.

Twelve years later, during a reciprocal visit by the queen to Saudi Arabia, Faisal’s successor, King Khalid, gave her another of Winston’s diamond necklaces, now worth more than £8m.

A necklace of turquoises from the then president of Pakistan, Muhammad Ayub Khan, given on a state visit in 1966, and four brooches are among the other official gifts identified by the Guardian. These include the Flame Lily brooch, which was presented to Elizabeth on her 21st birthday by the children of Southern Rhodesia (now Zimbabwe), who were each asked to donate three pence to pay for it.

The diamond necklaces and brooches were included in a 2012 reference volume published by the Royal Collection Trust or exhibited in Diamonds: A Jubilee Celebration display.

The exhibition was described as including “an unprecedented display of a number of the queen’s personal jewels – those inherited by Her Majesty or acquired during her reign.”

Quick Guide

How we estimated the value of the royal jewellery

Valuing the royal family’s private jewellery collection is exceptionally difficult. A professional valuation would require each stone of each item to be inspected for occlusions or other imperfections that cannot be detected by the naked eye.

Even where an estimate can be made, there is then the ‘royal premium’: the association with the royal family, which could multiply the value many times over.

In 1989, Laurence Krashes, a senior assessor for the US jeweller Harry Winston, described the task as ‘like landing a plane in fog without a radar’. He assessed the family’s collection – excluding the royal premium – at £36m for the royal journalist Andrew Morton.

The Guardian has identified several items Krashes did not consider, such as the Cullinan IX ring and a diamond necklace given to the then Princess Elizabeth as a wedding gift in 1947. Sara Abey, a fellow of the Gemmological Association and jewellery merchant, provided the Guardian with estimates for the additional pieces.

Morton multiplied Krashes’ estimates tenfold to try to achieve a more realistic value. However an auction of the late Princess Margaret's jewellery in 2006 suggests this may have been a considerable underestimate. A Guardian analysis found items sold for an average of 18 times the auction house’s top-end estimate.

Since that 2006 auction, the value of royal jewellery has increased further. Fifty of Margaret’s items went on sale again in 2020, with one diamond ring having an asking price of £1.1m, almost 10 times the 2006 sale price of £142,000. This was already higher than the original auction valuation of £70,000

Opting for caution, the Guardian has used a multiplier of 10 to reflect a conservative estimate of the royal premium.

[grannybeards]

Hey I know I'm not the type but times are hard - I have a four month old baby and no childcare options so returning to work is off the cards for now. Even just a reblog of this post or a read of it will make a huge difference to me.

I'd really appreciate if anyone fancied a look at my new Etsy shop, it's going to be mainly jewellery and antique curiosities. We've currently got some really lovely gold rings for sale, all 1920s or earlier and have some great little pendants and charms coming soon too.

I can assure you all of the quality of our items, my husband is an antiques auctioneer and valuer so we are checking all the items in person before buying them and pricing them as fairly as possible for what they are.

I know they're luxury items and lots of people don't have the money for that at the moment, but if you could just have a nosy and maybe a favourite that would mean the world to me and would be a big step towards getting us some sales to support my family.

Love you all very much and please don't feel obligated to do anything you don't want to!

Nelly x

[sarahhughesfinegems]

View this post on Instagram

A post shared by Sarah Hughes (@sarahhughesinstagram)

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[youngsauctions]

Probate Valuation in Hampshire: Understanding the Process and Role of Guildford Auction House

Navigating the probate process can be challenging, especially when valuing assets for probate purposes. In the UK, probate valuation is essential for estate administration, helping executors and beneficiaries understand the estate's value and tax liabilities. This blog will provide an in-depth look at probate valuation in Hampshire, the importance of accurate valuation, and how a Guildford auction house can assist in the valuation and sale of inherited assets.

1. What is Probate Valuation?

Probate valuation is an essential process in estate administration, providing an accurate valuation of the deceased’s assets. This valuation is necessary for:

Calculating Inheritance Tax (IHT)

Distributing assets to beneficiaries

Ensuring compliance with legal obligations during probate

An accurate valuation must cover all significant items within the estate, including property, antiques, artwork, jewellery, and any other valuables. For many individuals in Hampshire, engaging a qualified appraiser or an auction house with experience in probate valuation ensures compliance with HM Revenue & Customs (HMRC) standards.

2. Why Choose a Professional Probate Valuation in Hampshire?

In Hampshire, a professional probate valuation is not only about determining the monetary worth but also about understanding the unique characteristics of each item, especially in cases involving antiques and collectibles. Key benefits include:

Accuracy: Professionals ensure that all assets are correctly valued according to HMRC standards, minimising the risk of under- or over-valuation.

Tax Efficiency: A thorough probate valuation can help identify potential tax liabilities, enabling executors to make informed decisions.

Transparency: Beneficiaries gain clarity on the estate's worth, reducing potential disputes.

For those dealing with inherited assets in Hampshire, seeking a probate valuation from a reputable service can simplify the process.

3. Role of Guildford Auction House in Probate Valuation

A Guildford auction house offers specialised services to handle probate valuation and facilitate the sale of inherited items. These auction houses bring local expertise, particularly valuable in Hampshire due to the region’s historical and cultural significance, often associated with rare and valuable items.

Specialised Knowledge: Auction houses in Guildford are adept at identifying valuable items, such as antique furniture, fine art, and historical artefacts.

Market Insight: Auction houses understand market trends, ensuring fair valuation aligned with current demand.

Comprehensive Service: Many Guildford auction houses provide a full probate valuation and sale service, managing everything from appraisal to sale.

4. How to Prepare for a Probate Valuation

Before commencing the probate valuation process, proper preparation can streamline the process and ensure accuracy. Here are a few essential steps:

Organise Documentation: Gather all paperwork related to the deceased’s assets, including receipts, insurance documents, and ownership certificates.

Catalogue Assets: Make an inventory of all items, noting any items of potential value.

Consult with Beneficiaries: Discuss with beneficiaries if they have specific intentions for certain items, as this may impact the valuation and sale process.

5. Probate Valuation Hampshire: What to Expect During the Process

If you’re considering a probate valuation Hampshire, it helps to understand the general steps involved. While each probate case is unique, here’s a typical outline:

Initial Consultation: The probate valuation process often begins with a consultation, either in person or over the phone, to understand the estate’s specifics.

On-Site Inspection: Valuers visit the estate, examining all items needing valuation, focusing on high-value items like artwork, antiques, and jewellery.

Detailed Reporting: After inspection, the valuation team provides a detailed report, outlining the value of each item according to HMRC standards.

Optional Sales Process: In cases where items need to be sold, the probate valuation company can coordinate with a Guildford auction house to prepare items for auction.

6. Choosing the Right Guildford Auction House for Probate Valuation

Selecting the right auction house for probate valuation in Hampshire is crucial to ensure both compliance and fair value. Here’s what to look for in a Guildford auction house:

Reputation and Experience: Look for an auction house with extensive experience in probate valuations, especially for high-value items.

Local Expertise: A Guildford auction house with local knowledge can offer insights into regional buying trends, which may affect asset value.

Transparent Fees: Clear, upfront pricing is essential to avoid unexpected costs.

Professionalism: Ensure the auction house adheres to professional standards and HMRC regulations.

7. Benefits of Using an Auction House for Probate Sales

Utilising a Guildford auction house for probate sales can provide several benefits, including:

Maximised Sale Prices: Auction houses create competitive environments where items can fetch higher prices.

Streamlined Process: From valuation to sale, auction houses manage all aspects, reducing the burden on executors and beneficiaries.

Access to Specialist Buyers: Guildford auction houses often attract specialist buyers interested in antiques, fine art, and other valuables.

8. FAQs about Probate Valuation and Guildford Auction House Services

Q1: What items typically require probate valuation? A: All significant assets in an estate need valuation, including property, antiques, art, jewellery, vehicles, and any financial assets.

Q2: How long does probate valuation in Hampshire usually take? A: The probate valuation process can vary, typically taking 1-2 weeks for standard estates, although larger or more complex estates may take longer.

Q3: Why should I use a Guildford auction house instead of a general estate appraiser? A: A Guildford auction house specialises in identifying and accurately valuing high-value items like antiques and fine art, which general appraisers may not have the expertise for.

Q4: Can I sell items immediately after probate valuation? A: After the probate valuation report is completed and Inheritance Tax obligations are settled, items can be sold. Many people use a Guildford auction house to facilitate the sale due to its local and industry connections.

Q5: What costs are associated with a probate valuation and auction sale? A: Costs can vary based on the auction house and the estate’s size, typically involving valuation fees, commission, and potential transportation or storage costs.

Conclusion

Navigating probate can be daunting, but a professional probate valuation in Hampshire and assistance from a Guildford auction house can make the process smoother. By accurately valuing assets and ensuring a transparent sale process, these services help executors and beneficiaries honour the estate’s legacy while meeting legal obligations. With the right guidance and resources, probate valuation and asset liquidation can be conducted efficiently, providing peace of mind for all involved.

[clarity04]

Jewellery Valuations in Bristol

We specialise in providing independent watch and jewellery valuations for insurance, probate and family division. Your valuation will be undertaken by an award-winning registered valuer® accredited by both the Jewellery Valuers Association and the Institute of Registered Valuers.

Jewellery Valuations in Bristol

[lazyearthquakeyouth]

gold buyer in Chennai

### Santhi Jewellery and Instant Cash Unlock: Your Reputable  gold buyer in Chennai In the fast-paced world of today, financial crises can strike at any time. Having quick access to cash is essential for any circumstance, including an unexpected medical bill, home repair, or business opportunity requiring immediate capital. Santhi Jewellery in Chennai can assist you if you have gold jewelry and find yourself in such a situation. We turn your gold into immediate funds with ease and efficiency as a reputable gold buyer, offering you quick cash solutions.

Why Shop at Santhi Jewelers?

1. ** Accurate and Open Pricing**: The way we value your gold at Santhi Jewellery is straightforward and honest. We comprehend the profound and money related esteem your gems might hold, and we take extraordinary consideration in surveying it precisely. To ensure that you get the fair price you deserve for your gold, our knowledgeable appraisers are equipped with the most recent tools and information.

2. ** Offers for Instant Cash**: Our prompt cash offer is one of the primary benefits of working with Santhi Jewellery. The last thing you need during a monetary crunch is to trust that days will get to reserves. You can get instant cash for your gold jewelry in a matter of minutes thanks to our simplified procedure. Simply bring your items in, and we will evaluate them thoroughly before making you a cash offer.

3. ** Numerous Acceptable Products**: Coins, old necklaces, old bangles, and scrap gold are all acceptable forms of gold. Our team is committed to offering you a competitive quote regardless of the condition of your jewelry. We invite you to discuss your options with us whether you are reducing your collection or simply in need of funds.

4. ** Process that is safe and reliable**: Santhi Jewellery takes great pride in upholding the highest standards of honesty and confidentiality. Professional staff is dedicated to making sure you have a pleasant and reliable experience, so your transaction is safe and secure. Our well established standing as a believed gold buyer in Chennai is an impression of our obligation to consumer loyalty.

5. ** No Requirement: You don't have to sell your gold to come in and have it evaluated. You will be able to evaluate your options and come to a well-informed decision at your own pace thanks to this. We urge you to take as much time as is needed, as understanding the worth of your gold is principal to pursuing the best decision for your monetary necessities.

#### A Local Solution for Local Needs Santhi Jewellery is perfectly situated to serve the local community because it is situated in the center of Chennai. Being a nearby business, we grasp the particular requirements and worries of our clients, pursuing us a favored decision for gold venders nearby. We continue to cultivate long-term relationships with our clients thanks to our dedication to the local economy.

#### In conclusion, having a dependable partner can significantly lessen the burden during times of financial uncertainty. Santhi Jewellery is ready to help you with anything, from dealing with an emergency to simply making the most of your gold investments. You can quickly and easily turn your gold jewelry into cash with the help of our knowledgeable valuers, instant cash offers, and dependable service. Visit us right away to see how a dedicated gold buyer can make a difference in your life.

[claritys11]

Jewellery Valuations in Bristol

We specialise in providing independent watch and jewellery valuations for insurance, probate and family division. Your valuation will be undertaken by an award-winning registered valuer® accredited by both the Jewellery Valuers Association and the Institute of Registered Valuers.

Jewellery Valuations in Bristol

[clarity01s]

Watch Valuation in Carmarthenshire

Clarity Valuations specialise in providing independent watch and jewellery valuations for insurance, probate, and family division. And we are the only company in South Wales that can provide watch and jewellery valuations from a registered valuer, with accreditation from both the Jewellery Valuers Association and the Institute of Registered Valuers.

Website: Watch Valuation in Carmarthenshire

[jewellery3]

Jewellery Valuations Bristol

We specialise in providing independent watch and jewellery valuations for insurance, probate and family division. Your valuation will be undertaken by an award-winning registered valuer® accredited by both the Jewellery Valuers Association and the Institute of Registered Valuers.

Jewellery Valuations Bristol

[jewellery4s]

Jewellery Valuations Bristol

We specialise in providing independent watch and jewellery valuations for insurance, probate and family division. Your valuation will be undertaken by an award-winning registered valuer® accredited by both the Jewellery Valuers Association and the Institute of Registered Valuers.

Jewellery Valuations Bristol

[prestigevaluationsuk]

We are living in the world of technology and the internet which is evolving each and every day. The era of the internet, in fact, has made our day to day tasks even more easy and convenient. For instance, if you want to purchase a new outfit for yourself, however, you have lack of time to visit a shop and buy a perfect outfit for yourself, if you had been living in a world when there was no internet, you would have no other option rather than visiting the shop even though you had a hectic schedule; however, in the world of internet, eCommerce business has come as a rescue for you where you can visit different websites and purchase an outfit for yourself.

[cashongold]

People always consider selling their jewellery as the last resort. They are hesitant to part with the jewellery due to emotional reasons and do not have faith in the buyers to give them the full valuer of the items. If you are in need of immediate cash and looking for a reliable gold jewellery buyer in Kolkata, we are here for you. You can trust Cash On Old Gold to provide you with the full value of the jewellery. Our experts will evaluate the purity of the jewellery and hand you the current market price.

[clarityva02]

Jewellery Valuations Bristol

Clarity Valuations specialises in providing independent watch and jewellery valuations for insurance, probate, and family division. Our valuations are provided by an award-winning registered valuer® accredited by the Jewellery Valuers Association and the Institute of Registered Valuers.

Jewellery Valuations Bristol

[ryanweir]

Reasons to Get a Rental Chattels Valuation

A rental chattel’s valuation is a crucial process for both landlords and tenants, providing a comprehensive assessment of the value of movable items or assets within a rental property. These assets, often referred to as chattels, encompass various items such as furniture, appliances, jewellery, electronics, and other movable possessions. Property expert Ryan Weir says chattel valuation may seem like a trivial matter, yet getting a rental chattels valuation offers numerous advantages for all parties involved. Ryan Weir delves deeper into reasons to get a rental chattels valuation.

Fair Rental Price: According to Ryan Weir, one of the primary reasons to conduct a rental chattel valuation is to establish a fair rental price for the property. By determining the value of the chattels included in the rental, landlords can accurately assess the overall worth of the property. This will allow them to set a reasonable rent that aligns with market rates.

Accurate Depreciation Calculation: Rental chattels have a finite lifespan and depreciate over time. A professional valuation will provide landlords with a depreciation schedule, enabling them to claim tax deductions for wear and tear on these assets.

Dispute Resolution: Having an independent and objective valuation can help resolve disputes between landlords and tenants concerning the condition and value of chattels during and after the lease period.

Property Insurance Coverage: Rental chattels valuation assists landlords in obtaining appropriate insurance coverage for the movable assets within the property. Adequate insurance coverage ensures protection against potential damages and theft.

Tenant Security: For tenants, knowing the value of the chattels they are renting helps ensure that they are not overcharged for the included assets, offering them security and peace of mind. Ryan Weir says the valuation report can also be used as a negotiation tool when discussing rental prices and responsibilities.

Renovation Decisions: For landlords looking to upgrade their rental properties, a valuation provides insights into which chattels may require replacement or refurbishment. Hence, guiding renovation decisions and budget allocation.

Property Investment: For potential property investors, having a detailed rental chattel valuation allows them to make informed decisions about whether the rental income justifies the investment.

Bank Financing: For landlords seeking bank financing for property purchases or renovations, a rental chattels valuation adds credibility and helps lenders understand the overall value of the investment.

Tax Purposes: The valuation report assists landlords in accurately declaring rental income and claiming tax deductions for depreciation and asset maintenance expenses.

Financial Planning: A rental chattel’s valuation is a valuable aspect of financial planning for landlords, as it helps them understand the overall worth of their assets.

Estimation of Replacement Costs: The valuation helps landlords estimate the costs of replacing or upgrading chattels over time.

Insurance Claim Support: In the event of a claim, having a rental chattels valuation report can support insurance claims for damaged or stolen assets.

Bottomline

Valuations play an important role in real estate and all these reasons given by Ryan Weir are enough to prove that it is no longer an option. While at it, the chattel value chosen can either make or mar the whole process. Hence, landlords should conduct due diligence in order to pick the right valuer for the valuation.

[grayreidgalleryaus]

Ideas for Engagement Ring Valuations

When it comes to valuing an engagement ring, there are several factors to consider. Here are some ideas for conducting an engagement ring valuation:

Professional Appraisal: Seek the expertise of a professional jewellery appraiser. They can assess the quality, materials, craftsmanship, and market value of the ring. A professional appraisal provides an unbiased and accurate valuation report, which is useful for insurance purposes or determining its fair market value.

Certification and Documentation: If the engagement ring comes with a certification from a reputable gemological laboratory (such as GIA or AGS), the accompanying documentation can help establish the quality and characteristics of the diamond or gemstone. This documentation aids in determining the value of the ring.

Diamond Grading: Evaluate the diamond's 4Cs: carat weight, cut, color, and clarity. These factors significantly influence a diamond's value. Assessing the diamond's characteristics using industry standards will provide insights into its quality and value.

Metal and Setting: Consider the type and quality of the metal used in the ring, such as gold (14k, 18k) or platinum. The craftsmanship of the setting and any additional details or embellishments can also contribute to the overall value.

Market Research: Conduct market research to determine the current market value of similar engagement rings. Explore prices from reputable jewelers, online marketplaces, and auction houses to get a sense of the range in which comparable rings are sold.

Condition and Maintenance: The overall condition of the engagement ring affects its value. Rings that are well-maintained and in excellent condition typically have higher values compared to those with visible signs of wear or damage.

Unique or Antique Factors: If the engagement ring has unique or antique characteristics, such as a rare design, historical significance, or vintage elements, these factors can contribute to its value. Consider consulting with experts or collectors specializing in antique jewellery valuers Melbourne to determine its worth.

Sentimental Value: Although sentimental value cannot be measured in monetary terms, it's worth acknowledging. The emotional significance attached to the ring, such as its sentimental history or personal story, can add an extra layer of value to the ring.

Remember, engagement ring valuations should be conducted by professionals in the jewellery industry to ensure accurate and reliable results. Their expertise will help provide an informed and comprehensive valuation for insurance purposes, resale, or personal knowledge.

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