Appraisal & Valuation

The valuation procedure applies in the case of insurance of the item for theft or loss, concerning the drafting of a will, a divorce statement or a private sale; however, it depends on the particularities of the case. Nowadays, most jewelry appraisals are done primarily for insurance purposes. When you commission an appraisal with IGLcert, you will receive a bound book of international standards that includes a clear and detailed description of the item or collection based on impartial analysis and appraisal, photographs of the jewellery items, and information on their monetary value. The appraisal is always performed in accordance with the applicable international criteria for determining a jewelry item's insurable value.

The valuation of jewellery and watches can be carried out at our head office, at your home, at a partner store or at a safe deposit box.

We inspect the jewellery, clean it if necessary, and record all relevant information:

  • Color, clarity, dimensions, and weight of diamonds.
  • Details of the purchase certificate/report of certified diamonds.
  • Type, quality, dimensions, and weight of gemstones.
  • Features and any other identifying mark.
  • Advice on repairs that may be required will be gladly provided.

IGLcert Appraisal & Valuation is the only organization in Greece whose valuers are certified members of international valuation associations (NAJA, AIJV, JVA), and always operate on the basis of international standards, with constant access to and communication with all global valuation and appraisal guides. In the event that your jewellery is lost or stolen, your document contains all the information proving that it is yours, as well as the insurance coverage. In any case, a precautionary appraisal of your jewellery is required for insurance purposes by the respective companies. IGLcert charges a flat fee for insurance appraisals, regardless of the jewellery's value.


Valuation Services:

  • Valuation for insurance purposes - Commissioned by an insurance company or a business and financial advisory firm or a private individual.
  • Valuation in case of divorce or division of family property. It is a different process based on the principles of the open market rather than retail value. This valuation cannot be used for insurance coverage.
  • Valuation of jewellery in the event of a will or the opening of a safe deposit box to calculate estate tax based on open market value.

In Greece, the valuation process for jewellery is not clearly defined. Many people call themselves jewellery valuers, but only few of them meet the basic criteria, such as a degree in gemology, membership in an international association of appraisers that sets standards and rules of appraisal, and, of course, lack of involvement in any commercial activity related to jewellery.