Probate Valuation

Probate Valuation

Probate Valuation

When valuing jewellery for probate, it is very important not to base the value on an insurance valuation. This is because insurance valuations are normally based on a replacement value (New for Old).

Probate valuation is the sum of what is most likely to be realised at auction or by selling to the trade.

This includes many factors such as :-

  1. Quality
  2. Age
  3. Metal value
  4. market trends and tastes
  5. Condition
  6. State of wear damage

By following these factors we are able to provide credible and accurate probate valuations accepted by HMRC.

Smiths Jewellers Newark are able to value items such as:

  • Gold, Silver, Platinum and all types of jewellery.
  • Modern, of this century, Victorian or Regency pieces.
  • Single and multi stone diamond rings, brooches and necklaces.
  • Rubies and all other large precious stones of high carat and grade.

We carry out probate valuations of rare costume jewellery and expensive modern items. 

We are happy to work either directly with the family or the Solicitor working for the Estate.

How Does It Work?

Once an enquiry has been made, we will contact you to arrange an appointment for us to view the jewellery.

Can you confirm if jewellery is genuine and provide an accurate valuation?

Our experts have years of experience and can value almost any type of jewellery confirming authenticity and an accurate value.

Why is Probate different from Insurance valuation?

Insurance valuation is a full retail or replacement value. While probate valuation is the value of the item if it were sold in the trade, its intrinsic value.

Does costume jewellery have any value?

Certainly, quite often some costume jewellery has considerable market value. Our experts will help advise you on this.

I want to purchase some of the jewellery, is this possible?

Absolutely, simply let us know at the time of valuation and we will provide you with its price so that you can acquire it from the estate.