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Independent Valuation Report

All of our engagement rings* are checked, valued and certified by an independent Australian Gemmologist and NCJV registered valuer

 

We normally use Symmetry Gemmological and Valuation Services. You can visit their website at www.symmetry.net.au.

It is vital to get your precious piece of jewellery valued by an independent third party body. Our valuers are completely independent from us and they do not trade or have corporate alliances with Monroe Yorke Diamonds. This means your treasure will receive an unbiased appraisal based on the highest industry standards and state of the art technology. This means that we have 100% trust in the valuation and appraisals carried out.

Symmetry Gemmological and Valuation Services ‘Symmetry’ are Registered with the National Council of Jewellery Valuers (NCJV) and a member of the Gemmological Association of Australia. Symmetry is bound by a code of ethics that protects the customer and upholds a high standard of quality. All members of the NJCV must have accredited training in all the key areas of gemmological study, gemstone grading and the detection of synthetic gemstones.

In addition to providing you with peace of mind, the independent valuation certificate ensures that in the case of loss, theft, or damage your insurance company will give you an equal replacement of your item. The more information contained in the appraisal, the better chance you have of receiving the exact replacement for that item.

Importance of an Independent Valuation

 

As important as it no doubt is to obtain independent valuation of your jewellery, it is equally as important to ensure that the person or company undertaking the appraisal is a qualified professional. There are many pitfalls when considering valuations, perhaps over-stated valuations, or treatments applied to your jewellery that have not been disclosed to you. If your gemstone is treated and you are fully aware of the treatments, the disclosure of the valuation should be made to you on that basis.

Buyer Beware, Is every jewellery trader a bona fide jewellery valuer?

 

The answer to this question is no! In every profession including the diamond industry there are various degrees of experience, knowledge and qualification. We would recommend that all valuations and appraisals should be carried out by independent experts who hold a Diploma in Gemmology and who have proven testimonials. They should also be members of the National Council of Jewellery Valuers (NCJV registered valuer). Please see www.ncjv.com.au for more information.

Inflated Valuations


It is a fallacy that values placed on an item when being appraised is the amount an insurance company will release in the event of a claim. Insurance companies will pay out the price for replacement, current in the industry. An overstated or over inflated valuation certificate simply means that a customer will pay higher policy premiums. This is of no advantage to the customer because it will not affect the amount actually repaid on a claim. Paying an inflated premium over years could render the policy worthless as the sum could be significant.

Overseas Valuations

 

Overseas valuations have no relevance to the industry in Australia. Most insurance companies decline to accept a currency conversion. All insured items would be re-valued within the terms of the Australian market using local pricing, duties and taxes.

Terminology for Marketing

 

You may see terms on your valuation certificate, or when purchasing jewellery that could have more than one meaning. To avoid confusion see our following clarifications:

Colour enhanced

There are several methods to enhance the colour of a stone. Often these treatments are not permanent. The colour may diminish over time.

Clarity enhanced

A glass treatment can be applied to a gemstone to fill fractures or cracks in the stone – often referred to as fracture or glass filled. A treatment such as this will stabilise a stone, however its permanence can be affected by solutions containing acid, heat, or pressure.

Coated Gemstone

A treatment applied to the back of the gemstone, usually to improve colour. For example, the pavilion of a colourless Topaz could have a shallow layer of titanium applied for a multi-coloured effect.

Created Gemstone

Also known as produced, man-made, synthetic or laboratory grown – a matching chemical composition is put together to resemble its natural counterpart and will have the same optical and physical properties.


* Independent valuation reports are not provided for black diamond rings. Valuation reports are only provided for engagement rings with GIA, AGS, HRS and IGI certified diamond engagement rings.