Nov 132015
 

insuranceIn this article Auckland Valuer Paul Nilsson questions whether jewellery valuers have kept up with changes to domestic insurance policy wordings as they apply to jewellery.

Most Valuers would agree that when they write an insurance valuation on a piece of jewellery for a consumer their primary objective is to protect the owner.
Here are two scenarios where that objective may not have been met.
Consumer A had an estate diamond brooch professionally valued at $6000 and listed separately on their insurance policy for that amount. A year later they lost it and discovered it would cost $12,000 for the new replacement their policy entitled them to. However the insurance contract meant that the settlement was limited to the specified amount of $6000. Their Valuer had unfortunately only valued the brooch at its second-hand value.
Consumer B inherited their mothers’ engagement ring and had it valued for $2,000 and listed on their policy. When they made a claim 5 years later they discovered their policy only entitled them to a $400 pay out. The Valuer had valued it for replacement with a new one but their policy was for market value (indemnity value) not replacement.
More about these two scenarios later. Continue reading »

Jun 102015
 
Un aveugle guidant un autre aveugle ?

Un aveugle guidant un autre aveugle ?

Il y a de plus en plus d’annonces pour des expertises de bijoux en ligne, dans de nombreux pays et une quantité croissante d’entreprises qui offrent ce service. Ces sites sont trouvés par les consommateurs qui surfent sur le Web à la recherche d’un expert en bijoux. Ces sites représentent-ils une bonne option pour le consommateur? Je ne le pense pas. Même si je peux comprendre qu’une certaine commodité et son faible coût annoncé puissent être attrayants, il est important que le public comprenne les risques qu’il encourt en utilisant un service d’expertise dont, en fait, les réalisateurs auront jamais entre leurs mains les articles concernés.
Continue reading »

May 232015
 
The blind leading the blind?

The blind leading the blind?

There are more and more adverts for on-line jewellery appraising popping up in most countries and an every increasing amount of businesses offering this service. These websites are being found  by consumers who surf the web searching for a Jewellery Appraiser.  Are these places a good option for the consumer? I do not believe that they are.  Whilst I can appreciate that the perceived convenience and low cost can be attractive, it is important that the public understand the risks that they are running in using an appraisal service that has not actually examined the item being appraised.

Continue reading »

May 122014
 

Traditional methods brought up to date.

(View French version) The techniques involved in some jewellery making processes have almost disappeared, nevertheless they can have advantages that should not be forgotten.

Until the ’70s, artisan jewellers learned to make casts with cuttlebone to create of purely solid pieces. The know-how involved in this process has been preserved by José ACTIS, a craftsman in Saint-Jean-Cap-Ferrat, France. José warmly welcomed us into his workshop this month, so now we will share this technique, fortunately not lost forever. Continue reading »

Nov 262011
 

Let me open by saying that I have a stock answer when asked for an opinion on Jewellery Shopping Channels – “I am one of their greatest fans but one of their biggest critics”.

I have publicly praised shopping channels but also lodged official complaints to The Advertising Standards Authority and The Office of Fair Trading.   The jewellery trade’s view of Shopping Channels is at best dismissive and at worst scathing.  Some of their views are wholly justified, while others are not, and have more to do with a reaction to a prolific competitor than anything else.

What follows is an objective view of buying jewellery from shopping channels in general, no particular channel is singled out for praise or criticism so some of the following points may not all apply to all Shopping Channels. Continue reading »

Mar 252011
 

One of the most dreaded phrases ever heard in my office goes something like “I want you to have a look at this ring, my husband just paid a lot of money for it on eBay”
I always have an unpleasant feeling that the interview is going to go badly and there may be tears.
How refreshing then when today I was able to give a client some very good news indeed. The client produced a ring which looked as though it had been made from salvaged bits of pre-existing jewellery.  A rather high (for UK taste) wire claw setting with baguette shoulders on a split shank.  It did the job but without much in the way of style. However, it was what was in the central collet which made the customer’s trip worthwhile. Continue reading »

Mar 072011
 

David Callaghan receiving the "David Wilkins Award" from the Institute of Registered Valuers

Always on the look out for interesting talks, seminars and workshops to attend, I thumb through the trade magazines and have a phrases programmed into Google in case anything is listed on the internet.  Well, a couple of weeks ago, an email arrived in my inbox with details of a talk to be held by David Callaghan in Thatcham, Berkshire.  Now any talk by David is bound to be of interest to me and his talks are guaranteed to be good! My next thought …. ‘What was he talking about?’ ahhh …. René Lalique.  The chance to hear the great man talk about the legendary René Lalique was not to be missed! Continue reading »

Jan 312011
 

Admin: Dr. Jack Ogden is a Guest Author for the AIJV.
Here, Jack identifies the need to consider design and craftsmanship as value attributes.

The woman fixed me with an icy stare. The problem was a valuation – isn’t it always?   She was querying a valuation that she’d had for a ring, and I was trying to explain that there were almost as many different types of valuation as there are types of cheeses.  Was it a valuation for insurance, for sale, for probate…?  “For goodness sake” she glowered, “I just want to know its intrinsic value.”   Continue reading »

Jan 192011
 

This study was developed to enhance the understanding of the various levels of the retail market.

  • There are many markets available to the consumer for purchasing jewelry and gemstones at retail.
  • There are specific and stratified retail markets available to gemologists and appraisers.
  • This article covers High-End Guild stores, Kiosk jewellery sellers and everything in between. Continue reading »
Dec 162010
 

Probably the most frequently occurring questions I am asked are those relating to the insurance of jewellery and why good valuation documentation is so important.

So here is some advice for you that I hope will help to ensure full protection of your most precious items.

Note – some of the amounts, definitions and terms relate to the New Zealand insurance environment and may not apply in other countries.

The Insurance Valuation

The most fundamental of all questions posed by clients are the ones asking why they should have their jewellery documented and valued in the first place. Continue reading »