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N.A.G.: National Association of Goldsmiths; An historic trade organisation whose aims include promoting best
practice within the jewellery trade and offering a conciliation service between the trade and members of
the public.
New: A property that is unused or that has not suffered any deterioration or obsolescence. “New” does not
necessarily mean, “just brought into being”.
Pendant: 1.) A hanging ornament or decoration, usually worn by hanging on a chain. 2.) The “neck” of a
pocket watch, to which the bow and the crown are attached.
Pendeloque: [paw d‟LOKE] lit., drop or pendant. Pear-shaped drop earring, suspended from a circular or bow-
shaped surmount, also a diamond or gemstone somewhat pyriform (pear-shaped), but with the narrow
end pointed as opposed to rounded. These cuts are colloquially called pear-shapes.
Period: A historical timeframe characterised by jewellery with certain unifying characteristics of style,
materials and manufacture. e.g., Georgian, Victorian, Art Deco, Art Nouveau, Retro, etc.
Replacement Value: “The price in terms of cash or other precisely revealed terms that would be required to
replace a property with another of similar age, origin, appearance, provenance and condition, within a
reasonable length of time in an appropriate and relevant market”. This definition includes various
anticipated costs such as: 1) purchase from an appropriate dealer or gallery 2) Purchase at a well-
publicised auction where comparable property is regularly sold. Refers to a consensus in the market place
rather than to an individual transaction.
Report: Any communication, written or oral, of an appraisal, review, or analysis; the document that is
transmitted to the client upon completion of an assignment.
Rose cut: An early type of gem or diamond cutting where a flat based gem is covered with triangular shaped
facets on the top, terminating in a point.
Sapphire: A gem form of corundum in any colour other than red. When used alone, without an adjective such
as “pink” or “yellow”, it usually refers to the blue variety.
Setting: The mount in which a gemstone is set in jewellery. Also applies to the method, either open or closed,
by which a stone is secured i.e. box setting, collet setting, crown setting, flush setting, pavé setting, etc.
Shank: The part of a ring that surrounds the finger, exclusive of the top.
Shape: In gemstones, the general form of the stone, as opposed to “cut” which usually refers to the
proportions of cutting. Some shapes are round, pear (pendeloque), marquise, square, octahedral, etc.
Used in conjunction with the type of faceting on the bottom of the stone, such as brilliant, step-cut, etc.
Shoulders: The parts of a ring that extend from the shank to the centre setting or “head”.
Sponsor: One of the four marks that compose a UK hallmark. If present this mark identifies the person or
company that submitted the item for assaying.
Stamped: 1.) A method of manufacture in which the component parts are die punched by pre-formed tools.
2.) The application of a mark indicating the fineness of precious metal i.e. Plat, 18ct, 14ct, 9ct etc (and
sometimes initials indicating the manufacturer of the item). Such marks do not by themselves constitute
proof of the fineness of the metal but if the valuer is reasonably certain that the mark is correct no further
comment will be made. The absence of a comment implies that the valuer accepts the mark is broadly
correct.
Stated: The term “Stated” following the weight, clarity or colour description of a stone implies that the valuer
has been shown supporting documentation in the form of a receipt or certificate. If the valuer finds
significant differences in the parameters they will be shown in the report otherwise it can be taken that
the stated figures are broadly correct.
Subsidiary seconds: A small dial that makes one revolution per minute, indicating the seconds.
Value: The consensus among people interested in a property as to what represents a reasonable price for it.
White gold: An alloy of 24 carat gold mixed with white metals, such as palladium, to make 9, 14 or 18 carat
gold. It was developed in the early part of the 20
th
century.