Jewellery is an important asset in everyone’s life. It is not just an accessory which women wear during special events, rather it is an important investment which they cherish for life. When we are talking about investment in jewellery, it is not just the financial investment that we are talking about, rather it also involves emotional and sentimental investments as well. Therefore, jewellery is a precious asset from all angles. It is precious because of the valuable metals and stones used in designing it and, it is precious because of different emotions associated with it. Sometimes you invest your hard earned money on it, sometimes you receive it as a gift from your loved ones and sometimes you receive it as a family heirloom. Therefore, jewellery valuation is important, to give value not just to the materialistic elements associated with it, but also to the emotional and sentimental involvement it comes with.
In this article we shall be looking at some of the important reasons regarding why it is necessary to evaluate your jewellery from time to time. You can opt for an independent valuer expert and experienced in the field of evaluating the jewellery or you can take the help of companies providing you with expert valuers. Prestige Valuations is one such company in the UK which provides you with services like antique valuations, evaluation of jewellery, handbag valuations, jewellery repair and restoration, watch valuations, artwork valuations and so on. Let us now have a look at some of the reasons why it is necessary and important to evaluate your jewellery from time to time.
Helps You in Purchasing and Selling
Knowing the exact value of the jewellery helps you in purchasing or selling jewellery easily. Even when you want to exchange your jewellery with the new one, if you do not know the exact value of the old one, it will be difficult for you to carry out the exchange process. Therefore, it is necessary to evaluate your jewellery from time to time. When you know the exact value of the jewellery, while selling the old jewellery or purchasing the new one, there is a high potential that you will gain profit, whereas if you do not know the exact value of the jewellery you have, then there are chances that you may face a huge lose during selling your jewellery or exchanging them with the new one. Therefore, go for the evaluation process from time to time, as the value of the jewellery keeps on fluctuating as per the market value.
Helps in Equal Distribution of Asset in Divorce Settlement
Another reason why evaluation of your jewellery is important is because it helps in equal distribution of the assets during the time of the need. For instance, there needs to be an equal distribution of jewellery in divorce settlement. If you are unaware of the exact value of your jewellery, then the divorce procedures may linger further. Not just that it may further lead to unwanted disputes and disagreements between the two parties. To avoid such a situation, it is necessary that you evaluate your jewellery from time to time so that the assets are distributed equally between both the parties.
Helps in Claiming Insurance
Another reason why it is important to evaluate your jewellery from time to time is that you can claim for the insurance in case of need. There are times when uncertainty hits us surprisingly, therefore, we should always be ready to face the situation and for that we need to take all the precautions in the present. One such precaution is to insure all your assets, including jewellery. In case of robbery, theft, accident and so on, if you have insured your jewellery, then you can claim for it so that you can get the amount which you genuinely deserve. Therefore, it is important to evaluate your jewellery from time to time so that you can claim for the insurance in case there is a need.
Summing Up
These are some of the reasons why you need to evaluate your jewellery from time to time. In fact, in case there is a death in the family, and there needs for the assets to be equally distributed, in that case also you must know the exact value of all the assets, including jewellery for equal distribution. In this case probate jewellery valuation helps you a lot.
