Jewellery valuations provide a written record of what your jewellery is, how it is made and what it is worth. Insurers, solicitors and potential buyers often rely on these reports to make decisions. In Australia, the cost of a valuation depends on the type of jewellery, the level of detail required and the purpose of the valuation.
This guide explains how much jewellery valuations usually cost, the different types of valuation reports, what happens during the process and how often valuations should be updated. You will also find tips on choosing a qualified valuer and answers to common questions. When you are ready to book, you can use Jewellink to find jewellery valuers near you.
Typical Jewellery Valuation Prices
Valuers generally charge either per item or per hour. Prices can vary by region and by the experience of the valuer, but the following ranges are a useful starting point.
- Standard modern items: about $80 to $150 per piece
- Diamond or gemstone engagement rings: around $120 to $200 per piece
- Antique or highly complex pieces: around $180 to $350 per piece
- Collections or multiple items: often charged at $120 to $250 per hour
Some valuers offer discounted rates for multiple items if assessed at the same appointment. Always confirm the fee structure before leaving your jewellery.
Why You Might Need a Jewellery Valuation
Insurance Purposes
Most insurers require an up to date valuation for jewellery above a certain value, especially for engagement rings, diamond jewellery and heirloom pieces. The valuation helps the insurer understand what they would need to replace if the item were lost, stolen or damaged.
Resale or Trade In
If you are considering selling jewellery, a valuation can give you a realistic sense of its market value. This does not guarantee a particular sale price but provides an informed estimate.
Estate and Family Planning
Valuations are often used in estate planning and probate to document the value of jewellery for legal purposes or for fair distribution among family members.
Curiosity and Record Keeping
Some people simply want to know more about their jewellery and keep a record for their own files. A valuation gives you details about metal, stones and craftsmanship that may not be obvious at a glance.
Types of Jewellery Valuation Reports
Insurance Replacement Value
This is the most common type of valuation in Australia. It estimates the cost to replace your item with a similar piece at current retail prices. This is the figure insurers generally use to set cover limits and premiums.
Market Value
Market value valuations estimate what your jewellery might sell for in the second hand market. This could be through a private sale, auction or sale to a dealer. Market value is usually lower than retail replacement value.
Probate or Estate Valuations
These valuations are used for estates, divorce settlements or legal matters where fair distribution is required. The format and level of detail may differ depending on legal guidelines in your state or territory.
Retail and Selling Advice
Some valuers provide informal appraisals that help you decide whether to sell, trade in or keep an item. These are more advisory in nature and may not be suitable for insurance.
What Happens During a Jewellery Valuation
Although every valuer has their own process, most jewellery valuations follow similar steps.
Initial Assessment
The valuer examines your jewellery under magnification, checking the metal, hallmarks, gemstone settings, signs of wear and any previous repairs. They will note any visible damage or features that affect value.
Gemstone and Metal Testing
Diamonds and gemstones may be tested using gemological tools to confirm type, authenticity and quality. Metal testing may be done to verify carat purity if stamps are missing or unclear.
Measurements and Recording
The valuer records dimensions, stone proportions, estimated weights and other technical details. These measurements support the final valuation figure and can be important for insurance claims.
Research and Valuation
Using the information gathered, the valuer considers current market conditions, metal prices and comparable retail or auction data. They then determine a value appropriate for the type of report requested.
Report Preparation
The final document includes a detailed description of the item, photographs, the valuation figure, the valuation type and the date of assessment. It is signed and may reference the valuer’s professional memberships or qualifications.
How Long Jewellery Valuations Take
- Simple modern items: usually 1 to 3 working days
- Multiple items: often up to one week
- Antique or complicated pieces: up to 2 weeks
Some valuers offer while you wait or same day services for straightforward pieces, especially for insurance purposes. More complex items may need to stay with the valuer for longer so that they can be thoroughly assessed.
How Often to Update a Jewellery Valuation
Gold and diamond prices move over time, as do retail jewellery prices. Many insurers in Australia suggest updating valuations every two to three years. You should also update a valuation if the piece has been significantly altered, such as adding or replacing stones.
Choosing a Jewellery Valuer in Australia
When selecting a valuer, consider:
- Professional qualifications and gemological training
- Membership in recognised industry bodies
- Experience with the type of jewellery you own
- Clear, transparent pricing
- Whether their reports are accepted by major insurers
You can use the Jewellink directory to find valuers near you, compare their services and contact them with questions before booking.
Jewellery Valuation FAQs
Do I need a valuation to insure jewellery
Most insurers require a recent valuation for high value items. Check with your insurer for their specific requirements, as they may have thresholds and timeframes for how current the valuation must be.
Can I sell jewellery for the valuation amount
Probably not. Insurance valuations reflect retail replacement cost, which is typically higher than the price you would receive in a second hand sale or through a dealer. Market value valuations are a better guide for selling.
Will the valuer dismantle my jewellery
Most valuations do not require dismantling. In rare cases, stones may be temporarily removed for advanced testing, but this is uncommon and would be discussed with you first.
Can I stay while my jewellery is valued
Some valuers offer appointments where you can stay during the assessment, while others prefer to complete the work in their workshop over a few days. Ask about this when you book if it is important to you.
Does a valuation increase the value of my jewellery
A valuation does not change the intrinsic value of the jewellery, but it does provide evidence of its characteristics and a professional opinion on its worth. This documentation is valuable for insurance, estate planning and potential buyers.
To find jewellery valuers, repair services and designers across Australia, you can browse the Jewellink directory and explore professionals in your area.
