Jewellery, Handbags, Watches & Art: Common Factors Looked Upon During Asset Valuation

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Jewellery Valuers

Assets like jewellery, branded and imported watches, handbags and art are highly valued. They are expensive because of the elements they are made with, their authenticity and originality, the brand, designer or the artist they are associated with and so on. The best thing about these assets is that their value increases as per the current market value. In other words, if you have purchased any of these assets at a particular price, after a few months or years, you will find that the value of these assets have increased more than the actual price in which you had purchased. Therefore, it is important to evaluate these assets from time to time to know the exact value of these assets. For instance, if you have gold, platinum or diamond jewellery with you, you can go for the service of jewellery valuations to know the exact value of your jewellery which keeps on fluctuating as per the market value. The same goes for other important assets such as handbags, watches, artworks and so on.

In this article we shall be looking at some of the common factors which are looked upon while evaluating these assets. These common factors include the elements which are used in making these assets, the age and condition of the assets, the brands or the designers associated with it and so on. You can evaluate these assets from an expert valuer having proper knowledge and experience in this field, or you just take the help of companies providing you with expert and experienced valuers. Prestige Valuations is one such company in the UK which provides you with expert and experienced valuers for evaluation of jewellery, watch valuations, handbag valuations and so on. Let us now have a look at some of the common factors which are looked upon in evaluating these assets.

Handbag Valuations

The Elements Used in Making the Assets

The first and foremost thing which are looked upon while evaluating a piece of jewellery, or a watch, handbag or an artwork is the elements which are used in making these assets. For instance, while evaluating a piece of jewellery, the elements which are given importance are, the metals such as gold, silver or platinum which the jewellery is made of, the stones, such as diamonds or gemstones which are engraved in the jewellery and the way it has been designed. If the metals and the stones used are expensive and if the design is unique, then be assured that the value of the jewellery will enhance in the future. The same is applicable to watches, handbags and artworks as well. For instance, while evaluating a unique and expensive bag, the fabric is given more importance. If it is made up of leather or any other luxurious or expensive fabric, then the value of the bag will keep on increasing.

The Age and Condition of the Assets

Apart from elements, the age and condition of the assets also play a major role. The older the asset is, the more valuable it becomes, as the antique pieces have more value as compared to the contemporary pieces. For instance, if you have an antique watch from a renowned brand like Rolex and alike, then the value of the watch will be more than that of the purchase price. Only age does not play a significant role in determining the value of the asset, condition also has a major role to play. If the asset is in good condition, if it is shining and lustrous, then the value keeps on increasing. On the other hand, if the asset is losing its shine and lustre and has some damage, then the value may be less as compared to the current market value. To get rid of this situation, it is necessary to repair your assets before taking them to the valuation service.

Art Valuations

The Brand or the Designer Associated with the Asset

Some designers and brands are renowned and they have their name in the market. The more famous the brand or the designer is, the more valuable the asset becomes. For instance, if you have a Gucci bag with you, then be assured that the value of this bag will increase in the future, not just because of the elements, age, condition and authenticity of the bag, but also because of the brand it is associated with. Similarly if you have an artwork from a renowned artist, when you take it for art valuations, you will find that the value of the artwork is higher than the purchase value because of the name of the artist associated with it and also because of the other factors mentioned above. The renowned brand or the renowned artist gives proof of the originality and authenticity of the asset.

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