It is important that your jewellery is adequately insured. We recommend that jewellery is valued for Insurance Replacement purposes every two years or so.
Fluctuations in the value of precious metals, diamonds and gemstones are often influenced by world events, currency movements as well as supply and demand. Any increases (or decreases), therefore, are not usually linked to any economic price index. Items that are booked in with us for Valuation are fully inspected and assessed, with all stone settings checked. A typed Valuation with full item description is prepared.
For Insurance Replacement Valuation purposes there is a £25 minimum charge which covers items up to a value £2,500 with a charge of 1% of the total value after that ie £100 fee for jewellery valued at a total of £10,000 (NB items of extremely high value are undertaken with an approximate calculated pre-arranged price or percentage). Once your items have been assessed we will contact you to let you know and you can collect them by bringing in the Repair Receipt you will be given; sometimes the typed Valuation is not ready at the same time. If this is so, you will be informed and if you do wish to collect your jewellery, the typed Valuation will be mailed directly to you within approximately a week.
We do like to be as speedy as possible with Valuations, however the turnaround really depends on exactly how busy we are at any given time with work ahead of yours. We have two people on site who undertake Valuations, our Senior Jeweller and Senior Sales.
If you do wish Michael Platt to Value your items and have more than 7 or 8 pieces, please make an appointment so we can ensure we have adequate time to book in and detail your items, less than this number, no appointment is necessary. If you have any relevant validating paperwork with your jewellery, ie original receipts/Diamond Certificates, please bring these with and the Certificate number will be noted on the Valuation against the relevant item.
Valuations can be obtained for modern, vintage and antique jewellery as well as certain watches. Valuations can also be undertaken for Probate and Divorce purposes, the charge for these Valuations is a minimum rate of £50 + 1% of the total value.
Probate Jewellery Valuations
Michael Platt value jewellery for probate purposes, providing valuations on earrings, diamond rings, bracelets and other family heirlooms jewellery. Probate Valuations are based on the likely amount you would receive for a pre-loved piece if you were to sell the jewellery to within the trade. We hold over 30 years of experience and provide a Probate Valuation with consideration being given to the, age of the piece(s), the stones, qualities, metal, and overall condition of the items.
If you wish to improve the appearance or condition of the piece(s), Michael Platt specialise in fine jewellery restoration, in-store which can include re-polishing chipped stones, replacing worn ring bands, re-tipping stone claws and building up setting edges and cleaning jewellery. We have extensive experience in restoring the most delicate pieces of jewellery and family heirlooms.
Alternatively, Michael Platt can re-design a brand new piece of jewellery, carefully and sensitively using inherited gems and diamonds which are so often of huge sentimental value to the new owners. This gives totally new life to pieces yet with the same familiar gemstones and diamonds, allowing delicate vintage items to be worn again with confidence and, in due course, passed on to future generations.
Please make an appointment with one of our staff members so we can undertake a Probate Valuation for you.
Jewellery Valuations for Insurance
Getting your jewellery valued for insurance purposes is essential in order to replace any items that may get lost or stolen. Engagement rings and anniversary jewellery gifts are usually highly sentimental and losing them can feel like a tremendous loss. However, having your items valued and priced accordingly for Insurance Replacement purposes ensures that you should easily be reimbursed the appropriate amount and receive a replacement in no time.
Our in-house Goldsmiths examine your jewellery and provide a written valuation for presentation to your insurance company.
To arrange a jewellery valuation for insurance replacement purposes, please come into the shop in Wimbledon or contact us to make an appointment if you have over seven items.
Jewellery Valuations for Divorce
if you are, unfortunately, in the midst of a divorce, you may be asked to provide a Jewellery Valuation for Divorce Proceedings. We can help you with this.
The value of your jewellery is based on what the item is worth today if it were resold, as a pre-loved piece, not its original value or its insurance replacement value.
Michael Platt has been successfully valuing jewellery for over 30 years and, appreciate the delicate nature of the situation when dealing with divorce. Michael Platt will gladly be able to put your mind at ease and provide the necessary Valuation documentation that is required. If you are interested in valuing your jewellery for divorce purposes, please come into the shop in Wimbledon or contact us to make an appointment if you have over seven items.