Jewellery Valuations and Insurance

Our expert independent valuation and insurance services guarantee your special pieces are accurately valued and protected. We offer a full jewellery valuation service at our Smales Jewellers Subiaco and Bunbury showrooms through our registered independent valuer. Use the contact form on this page to contact us with your valuation enquiry.

  • Retail valuation – this is a detailed assessment that will estimate the likely replacement price at a typical jewellery shop. This type of valuation is often used by insurance companies.
  • Auction reserve valuation – provides an estimate of the minimum hammer price achievable in an ideal auction market, where time is not a factor. This figure does not include premiums or commissions which can vary at each auction.
  • Non-forced sale valuation – an estimate of a reasonable second-hand price between a willing buyer and seller in a fair or specialised market without time constraints on items.
  • Forced sale valuation – indicates the price that can be expected when an article must be sold within a short time frame in potentially non-ideal market conditions.
  • Second hand valuation – a valuation on used items that takes into account the condition, desirability and collectability of the item.
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  • Private sale valuation – a fair and reasonable second-hand price when someone wants to sell an item to a member of the public. In such cases, the valuer acts as an unbiased expert and GST, sales tax or duty is not included in the valuation.
  • Divorce property settlement – the Family Court may require a valuation of jewellery in a divorce settlement. Written directions are provided by the solicitors with the valuation usually based on “fair market value”, although this may vary.
  • Deceased estate – written directions are provided by the lawyer or executor of the will, with the valuation reflecting the current market value or the requirements of the will.
  • Quality assessment– a quality assessment report is prepared for people who require an accurate appraisal of jewellery without a value statement. Such reports contain detailed technical information, with the assessments conducted in the same way as a full valuation. They are useful for people wanting to:
    • Prove ownership of an item such as diamond rings for women, and men’s wedding bands that has been recovered after being stolen or lost
    • Have their jewellery fully assessed but not for insurance purposes
    • Differentiate between two pieces of jewellery that look identical
    • Verify the authenticity of items
    • Assist police with a description in the event of loss or theft
    • Provide jewellery of similar quality to different people
    • Assess jewellery that has been damaged


Jewellery Insurance

Insurance is offered through our third party provider, specialist jewellery insurer, Q Report. Cover can be arranged instore immediately after purchase to give you complete peace of mind. Watch the video to find out why it’s important to have the right cover for your jewellery.

Our Services

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