Retail Replacement Valuation
By Rubina Posh January 21,2017
There are many reasons why one would need a jewellery valuation.
The most common valuation is the Traditional Retail Replacement for Insurance Purposes.
This type of valuation is used by insurance companies to offer the best cover to the customer.
The valuations consist of a description of the item, manufacturing process, type of metal and its weight, what type of gemstones are used and their total weight as well as any other information that will affect the final value of the item, such as, the condition and desirability and collectability of the item, as some items attract a premium.
The price provided on the valuation is an indication of how much it will cost to have this exact piece replaced on the current retail market.