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Notes to the Schedule
A valuation schedule can be quite a complex document, so to help you better understand what it contains and why, as well as a few of the limitations that are
applicable to the valuation process itself, the following explanatory notes have been compiled for your information. These should be read in conjunction with the
attached schedule, and should you like any further assistance or have any queries please feel free to discuss these with the valuer.
The values stated in the schedule do not constitute an offer to purchase nor are they intended to suggest figures likely to be raised in the event of a
sale (unless the valuation is specifically for that purpose).
Where it is applicable and unless otherwise stated, the values given in the schedule include Value Added Tax at whatever rate is in force at the date of
the schedule.
Articles are valued only in respect to materials, workmanship, scarcity and relevant market forces.
It is recommended that a valuation for insurance be updated every three to four years. This provides an opportunity to check and clean the articles
thoroughly, and in such cases a reduced fee may be applicable. Customers are reminded that values do not necessarily correspond to the prevailing
rate of inflation, and the practice of index-linking used by some insurers may prove to be misleading and inaccurate, and may result in either
overpayment of premiums or underinsurance in the event of a claim.
Unless otherwise stated, all sizes are the maximum measurement and usually exclude any fittings.
All dimensions and estimated weights of gemstones have been determined without unsetting the stones and are, therefore, only approximate because
of limitations imposed by the mount. The weights are normally calculated by applying standard formulae to the measurements taken.
This term is used when all three dimensions have been used to calculate the weight.
Estimated weight
This term is used when one or
more of the dimensions could not be measured.
Diamond quality grade assessments, which are approximate, are based on comparison with known stones. The elements that comprise the grade can
be estimated only, because of limitations imposed by the mount. The quality nomenclature used is that recommended by the GIA (The Gemological
Institute of America).
Pearl gradings, which are approximate, are based on comparison with pearls possessing known characteristics. The quality nomenclature used is that
recommended by the GIA
Gemmological descriptions are based on testing carried out by standard gemmological equipment without unsetting the stones. Whilst the valuer is
reasonably satisfied that all such descriptions are correct, no responsibility can be assumed if subsequent unsetting and testing disproves these
opinions. In the event of serious doubt, it is recommended that a recognised gemmological laboratory undertakes independent testing.
Any article which incorporates pearls has been valued according to the opinion expressed, i.e. cultured, natural. Unless otherwise stated, none have
been subjected to testing by X-ray to confirm this opinion.
This company/The valuer subscribe(s) to the rules governing gemstone nomenclature as specified by the international regulatory body CIBJO
(Confederation Internationale de la Bijouterie, Joaillerie, Orfevrerie, des Diamants, Perles et Pierres).
Due to the limitations imposed by lighting and inks, the colours represented in the image schedule do not necessarily reflect the true appearance of
the gemstones, reference should be made to the colour assessment in the text.