How to know if the jewellery that I inherited is worth anything?

Inheriting jewellery from a loved one can often leave us feeling unsure about its worth. Some people may choose to keep the items irrespective of monetary value, but others might opt to sell. If you are interested in knowing how jewellery values are obtained, this guide will take you through some of the contributing factors. 

Metal and Hallmarks 

If an item of jewellery is made from precious metal, it will have a material value. This value depends upon what metal it is made from (Gold, Silver, Platinum ect.) and the carat of that metal. Gold jewellery is most commonly 9ct, 14ct, 18ct, 22ct or 24ct. The higher the carat, the greater the composition of gold, so the more valuable it is. You can identify what carat jewellery is by reading the hallmark - you may require a loupe or a magnifying glass to do this as the markings can be very small and worn. If the item doesn’t possess a hallmark, it doesn’t necessarily mean that it isn’t a precious metal. A jewellery professional will be able to conduct an acid test or use an XRF gun to determine the metal. 

Age 

Items of jewellery with historical and cultural significance can also attract higher values. For example, Art Deco or Victorian jewellery can attract higher values as collectors seek out these specific designs and they can be rarer. We refer to 15ct gold as antique gold as production ceased in the UK in 1932, therefore making it scarce and appealing to enthusiasts and collectors alike. 

Stones 

In addition to the metal, stones used in jewellery can also hold value and increase your item’s worth. Stones are separated into two categories; precious and semi-precious. Precious stones hold more value and these consist of diamonds, emeralds, rubies and sapphires. When valuing stones, an appraiser will consider the cut, colour, clarity and carat to determine the value, and these are often referred to as the four C’s. The carat of a stone refers to the weight as opposed to the purity in metal. For example, a diamond of whiter colouring, which is not included and of a high carat size, is typically worth more than a more yellow-coloured, included stone of a small carat. 

Design and craftsmanship 

The design and craftsmanship of jewellery also contributes to its value. The techniques used to create the pieces and individual designs can be rare and desirable to collectors. Designer brands such a Cartier and Tiffany have huge followings and reputations for their designs and possessing an item from a known brand can often increase the value. Having original boxes and papers of designer jewellery can also further increase the value.

Condition 

The condition of the jewellery is taken into account when determining value. If an item is in poor condition, it will likely negatively affect the price given. Notwithstanding that, the materials still have a raw value, so even if a piece is broken it is likely that we can still make an offer. Also, items of jewellery are often purchased with the intention of upcycling or turning old pieces into new, so having broken jewellery is not necessarily a reason to dismiss its value. 

The best way to know if the jewellery that you inherited is worth anything is to take the items to be appraised by an expert who can check the hallmarks, age and condition, and value the cut, colour, clarity and carat of any stones.  

How to avoid being scammed when selling jewellery? 

It can be a daunting prospect selling jewellery if you're unaware of its worth, especially if it also has sentimental value. It is important to do your research and approach a trusted retailer with experience appraising jewellery.

Ask the buyer for a written receipt and choose a secure payment method such as Bank Transfer or PayPal. Make sure that you see the funds in your account.

At PM Antiques & Collectables, we have countless reviews and testimonials for successful transactions, and we will provide you with a no obligation, up front offer for your jewellery. Should you wish to proceed, payment will be made instantly, ensuring a fast, hassle-free and seamless sale.

Written by Krista Palmer-Preece of PM Antiques & Collectables