26.07.2019

Why it's important to get valuations for your Jewellery

 Show Interest

Why it's important to get valuations for…

 Show Interest
Do you have up to date valuations for your Jewellery? Or any valuations?? Ever had that diamond ring or Rolex watch valued?
JRC would like to stress the importance of having an up-to-date valuation for your Jewellery, especially with the significant rises in the price of gold and diamonds. 
It seems that more people are sadly being robbed of their personal possessions. Insurance valuations that were written perhaps a few years ago, have lost their validity and need to be updated.
So why should you have your Jewellery documented and valued?
On majority of home and contents insurance, the single artlcle limit (SAL) is around £1,500. Any item of Jewellery or watches that YOU believe is worth more that the SAL must be specified at the appropriate retail value.
The valuations provide proof you had the item(s), and proof of their value. Without this you may end up with an unfair settlement and no way of proving it. Also, the valuation reports will increase your chances of being successfully recovered by the Police.
It is understandable that it seems like an unnecessary expense to always have your Jewellery valuation updated every few years; however, imagine the scenario; you have your diamond engagement ring stolen, you think you are covered on your insurance to make a valid insurance claim pertaining to the £5,000 value you think your diamond ring is worth, only to be told that as you have no up to date valuations the claim amount will only be for the SAL and significantly lower than what you had thought. JRC continuously deal with countless number of claims that policy holders struggle to find any proof of ownership at all. Whilst at the time it seems unnecessary this will keep your Jewellery at the retail value that it is worth TODAY. 
Call JRC on 020 7430 0073 for more infomation and speak to one of our friendly team.
  • Insurance
  • Diamonds and gemstones
  • valuation
  • Gift Ideas
  • rings

I have been working in the heart of the Jewellery industry in Hatton Garden, London for over 30 years. I am the director of JRC (The Jewellery Replacement Company Limited). In addition to working…

Financial Services

Innovative Approaches on What To Do With Cashflow

If your business works on longer customer payment terms and your credit control isn't working or is non existent, you…
Employment & HR

How to be an employer of choice

Attracting and retaining the right talent in a competitive and candidate-driven market is about establishing your…
Business Management

Thomas Cook collapse – are suppliers’ bank loan covenants...

Following the sad demise of Thomas Cook many companies that formed part of its supply chain will undoubtedly be…

More Articles

Business Management

How to Hire a World-Class Private Investigator

A World-Class Private Investigator's MindsetWhen people envision life as a World-Class Private Investigator, they often…
Business Management

SMEs: Why business reviews can be key to staying in...

In my area of expertise (business advisory / restructuring), the notion of a business review typically comes on to my…
Business Management

The Day We Stopped Employee Theft

When Employee Theft becomes real, and when Fuel Theft becomes a second income.It was mid-December, the weather swung…

Would you like to promote an article ?

Post articles and opinions on Manchester Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in Manchester

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details