Valuations
At Hawkstone jewellers we offer the service of professional valuations. Sophie has completed education and gained the required qualifications to become an accredited valuer with the NCJV.
Valuations Explained
What is the NCJV?
The NCJV stands for the "National Council of Jewellery Valuers."
The NCJV is the only professional jewellery organisation in Australia insisting its members achieve an approved educational standard. This gives them a critical edge in today’s complex marketplace which is being constantly challenged by treated gemstones and jewellery, watches and gemstones that are sophisticated fakes.
Valuers who are registered with the NCJV are highly skilled professionals with years of ongoing training and experience. By selecting an NCJV valuer you can be confident the appraisal will meet the highest standards.
What are the professional standards upheld by the NCJV?
Members of the NCJV follow a strict code of ethics based on professional integrity, continuous learning and the pursuit of the highest industry standards. Professional accountability is a priority and in the unlikely event that a customer is not satisfied with a valuation, they can use our dispute resolution process.
How does a valuer obtain a value for an item?
A typical valuation involves scientific analysis of each item in a piece of jewellery to assess the quality and arrive at a value based on current market conditions. While two items may appear identical to the untrained eye, each has qualities that can affect the valuation.
Different markets vary enormously, and this is taken into account by NCJV valuers who are required to keep up to date with trends and fluctuations under the terms of their NCJV membership.
What will be included in my valuation?
After an appraisal, you will receive a valuation certificate that contains a full description and statement explaining the reason for the valuation and the intended market.
Your valuation will be embossed with the NCJV seal which prominently displays that the valuer is a member in the current year. For insurance companies and industry organisations, this is an important stamp of credibility.
What is the purpose of a valuation?
Valuations can have different purposes depending on the reason for obtaining the valuation. This should always be clearly stated and understood by the valuer and the person obtaining the valuation. Some of the main reasons are as follows:
Retail Replacement
A valuation for “Retail Replacement Value” is usually given as the hypothetical average estimated replacement cost for an item of jewellery purchased at a Retail level in the marketplace specified in the document. This value will vary according to the “market conditions” of when and where the replacement item may be purchased and would most likely vary from one given type or location of market to another. This is the most common type of valuation used by insurance companies to confirm replacement value of an item.
Auction Reserve
A valuation for “Auction Reserve Value” is usually given to reflect the fall of the hammer price of an item without buyer or seller premiums. This value may vary according to market conditions in different geographical regions as well as the differing types of clientele which may attend a specific type of auction.
Second Hand & Antique
A valuation for “Second Hand Replacement Value” is usually given for jewellery items that have been used and must take into account the “present condition” of the item which will include evidence of wear and tear, previous repair and or abuse. This type of appraisal, especially with Antiques will also reflect the desirability and collect ability of the item in the current market conditions and could vary with differing “purposes”.
Non-forced Sale
A valuation for “Non-forced sale value” is usually given as an estimate of a jewellery items reasonable and realisable second hand value which may be obtained where there are no time constraints involved for the items resale in the market place. This type of appraisal is often used for the “purpose” of private sale or Estate division.
Forced Sale
A valuation for “Forced sale” or “Immediate sale” is usually given as an estimate of the value of a jewellery item where immediate disposal is required with know time to “trade, bargain or shop for the best price available”. This type of appraisal is often used for the “purpose” of divorce or probate.