Jewellery is often one of the most treasured possessions we own. Whether it is a gold ring, a diamond pendant, or a family heirloom passed down through generations, understanding its true value can be surprisingly complex. Many factors affect what your jewellery is “worth,” and it is not always as simple as looking at the price of gold or diamonds on any given day.
Hallmarks and Identifying Marks
One of the first steps in assessing a piece of jewellery is to look for hallmarks. These small stamped symbols can tell you the type and purity of the metal, the maker, and sometimes even the year and place it was made. Hallmarks are crucial in verifying authenticity, particularly with gold, platinum, and silver pieces. Identifying marks from designers or jewellers can also add to a piece’s provenance and, therefore, its value.
The Weight of Stones and Metals
The carat weight, cut, clarity, and colour of gemstones, particularly diamonds, play a major role in their value. Similarly, the weight and purity of precious metals like gold or platinum are important. In some cases, if a piece does not have significant design or brand value, it may only be worth the intrinsic value of the raw materials.
Why Valuing Jewellery Is Not Easy
Valuing jewellery is far from straightforward. Two rings that look almost identical could vary drastically in worth depending on their stones, craftsmanship, and condition. The value given for insurance purposes is often different from the resale value. Insurance valuations typically reflect the replacement cost, which is what it would take to buy a similar piece new, rather than what you would receive if you sold it second-hand.
The Changing Value of Gold and Diamonds
The jewellery market is influenced by global trends and fluctuating prices. The value of gold, for example, changes daily on the international market. Diamonds are also affected by supply, demand, and fashion trends. This means that the “true value” of a piece today may not be the same as it was a few years ago, or even a few months ago.
More Than Just Financial Worth: Sentimental Value
Of course, not every piece of jewellery can or should be measured in pounds and pence. An heirloom left by a loved one may carry immense sentimental value, even if its financial value is relatively modest. Jewellery often holds memories, stories, and emotional connections that far outweigh its material worth.
Professional Jewellery Valuations at The Goldmarket
At The Goldmarket, we understand the difference between sentimental and financial value, and we provide professional valuations to help you understand both. We can issue official valuation certificates for insurance, probate, or resale purposes.
Please note that we do not provide casual valuations without an appointment. Some pieces require the expertise of more than one specialist to determine an accurate value, and we want to ensure you receive the highest standard of service. That is why our valuation service is always carried out formally, with care and attention, so you can trust in the results.
👉 If you would like to arrange a professional jewellery valuation, please get in touch with The Goldmarket today to book your appointment.