There are many different types of valuations that can be done on your jewellery. The most common valuation is done for insurance purposes, and is usually identified on the certificate as an “Insurance Valuation” or “Retail Replacement Valuation”.
Insurance valuations do not indicate current second hand market value, and are intended for insurance purposes, in calculating payout for retail replacement of lost or stolen items. Therefore these (retail) valuations should not be used as an indication of price for resale to a second hand dealer (who will assess on wholesale value).
