General Terms and conditions for this report.
1. The title of ownership of the jewellery being appraised has not been made, and the person or persons who commissioned the report do not imply that they are the owners of the jewellery on this schedule. It is important to note that the appraiser does not verify the legal ownership of the items and the report is based on the information provided by the client.
2. All relevant receipts, gemstone reports or documents of providence have been provided to the appraiser. This is important to ensure that the appraiser has all the necessary information to provide an accurate appraisal. The client should also inform the appraiser of any known treatments or enhancements to the jewellery.
3. The appraiser should be notified if any future relevant information become available that could affect this report. This includes but not limited to, any repair or restoration work carried out on the jewellery, any change in the condition of the jewellery, or any other information that could affect the value of the jewellery.
4. Bullion and exchange rates fluctuate and such variances do not constitute an error by the appraiser. It’s important to note that the value of the jewellery is based on the current market conditions at the time of the appraisal and any changes in the market conditions after the appraisal may affect the value.
5. “Sentimental value” is an intangible attribute and cannot be used as an assessment criteria in the appraisal. The appraiser’s report is based on the intrinsic value of the jewellery and not on any sentimental value attached to it.
6. Values in this report do not suggest an amount which could be achieved if items are listed for sale. The report is based on the appraiser’s professional opinion of the value of the jewellery, it’s not a guarantee of what the jewellery would sell for.
7. Included photographs are for identification only and do not represent true colours and images are not to scale. The photographs provided in the report are for identification purposes only and do not represent the true colour or size of the jewellery.
8. Images do not represent an opinion on durability or overall structure strength or future wear and tear. The appraiser’s report is based on the current condition of the jewellery and does not reflect the durability or overall structure strength of the jewellery.
9. The client should understand that the jewellery appraisal report is only valid for the date it was issued, and the value of the jewellery can change over time.
10. The client should be aware that the jewellery appraisal report should be kept in a safe place.
11. The client should be aware that the jewellery appraisal report is not an insurance policy, and they should check with their insurance company to ensure they have the appropriate coverage for their jewellery.
12. The client should be aware that the appraiser’s liability is limited to the cost of the appraisal report, and the appraiser is not responsible for any loss or damage to the jewellery.
GEMSTONES:
1. Diamonds are assessed without un-setting, and all assessments are due to restrictions imposed on the mount and estimations.
2. Colour assessments of gemstones have been determined based on the nomenclature of the Gemmological Institute of America (GIA).
3. Gemstones are assessed without un-setting and all assessments are due to restrictions imposed on the mount and estimations.
4. The appraiser’s report only includes the gemstones that are present in the jewellery, and does not include any missing or substituted stones.
5. The appraiser is not responsible for any damage that may occur during the process of un-setting a gemstone for assessment.
6. The appraiser’s report does not include any information about the country of origin of gemstones.
7. The appraiser does not guarantee the authenticity of any gemstones, and the report is based on the information provided by the client.
8. The client should be aware that certain synthetic/lab grown diamonds are extremely difficult to detect, even with the use of specialized equipment.
9. The client should be aware that the appraiser’s assessment of the gemstones is based on the assumption that the gemstones are natural, untreated and that any treatments or enhancements have been disclosed by the client.
10. The client should be aware that the appraiser’s assessment of the gemstones is based on the assumption that the gemstones are not synthetic or imitation.
11. The client should be aware that the appraiser’s assessment of the gemstones is not a guarantee of authenticity and that the client should seek further verification if necessary.
12. The client should be aware that the appraiser’s assessment of the gemstones does not include any information about the rarity or uniqueness of the gemstones.
13. The client should be aware that the appraiser’s assessment of the gemstones does not include any information about the historical or cultural significance of the gemstones.
14. The client should be aware that the appraiser’s assessment of the gemstones is based on the information provided by the client and the gemstones’ physical characteristics at the time of the appraisal. Any changes to the gemstones or information provided may affect the assessment.
15. The client should be aware that the appraiser’s assessment of the gemstones does not include any information about the cut, symmetry or polish of the gemstones as these factors are not considered in the intrinsic value of the gemstones.
16. The client should be aware that the appraiser’s assessment of the gemstones is based on the assumption that the gemstones are not damaged or repaired.
17. The client should be aware that the appraiser’s assessment of the gemstones is based on the assumption that the gemstones are not enhanced by any means other than what has been disclosed by the client.
18. The client should be aware that the appraiser’s assessment of the gemstones is based on the assumption that the gemstones are not artificially coloured.
19. The client should be aware that the appraiser’s assessment of the jewellery does not include any information about the craftsmanship or design of the jewellery.
20. The client should be aware that the appraiser’s assessment of the jewellery is based on the assumption that the jewellery is not a counterfeit or replica.
21. The client should be aware that the appraiser’s assessment of the jewellery is based on the assumption that the jewellery is not stolen or obtained illegally.
22. The client should be aware that the appraiser’s report is not a legal document and should not be used in legal proceedings without the appraiser’s consent.
23. The client should be aware that the appraiser’s report is not to be used for any fraudulent or illegal activities.
24. The client should be aware that the appraiser reserves the right to refuse service if the client violates any of these terms and conditions.
25. The client should be aware that the appraiser’s report is not transferable to any other person or entity.
26. The client should be aware that the appraiser’s report is not to be used for any commercial or public use without the appraiser’s written consent.
METALS:
1. The appraiser’s report is based on the information provided by the client and any testing that has been carried out on the metal. This includes any hallmarking present on the item, as well as any information on the metal type, purity, and weight provided by the client or obtained through testing or analysis.
2. If an item is not hallmarked, it cannot be legally described as a certain metal. The appraiser will refer to the Irish Hallmarking (Amendment) Act (2019) and will not legally describe an item as a certain metal if it is not hallmarked.
3. The client should be aware that any testing and analysis carried out on the metal is only an estimation, and the appraiser does not guarantee the accuracy of the result. The appraiser will use industry standard procedures and equipment for testing, but the results may not be 100% accurate.
4. The client should be aware that the metal content of the jewellery may change over time due to natural wear and tear, exposure to certain chemicals, or other factors. The appraiser does not provide any warranty or guarantee of the durability or longevity of the jewellery.
5. The client should also be aware that the value of the jewellery may be affected by the type of metal it is made of, as well as the purity and weight of the metal. Factors such as the current market prices for metals, the jewellery’s design, and the craftsmanship of the piece may also affect the value.
6. The appraiser will include all relevant information on the metal of the jewellery in the appraisal report, including any hallmarking or testing results, but the client should be aware that this information may not be exhaustive and that further testing or analysis may be required to obtain a more accurate assessment.
LIMITING CONDITIONS:
1. The report is only valid in its entirety, any alterations or corrections, the valuer will not be bound to further involvement in any legal action relating to this report including court appearances, providing oral or written evidence, unless arrangements are made to take place with customary hourly fees and costs discussed and agreed. This means that if any changes or modifications are made to the report without the appraiser’s consent, the appraiser will not be held responsible for any inaccuracies or errors in the altered report.
2. The appraiser is not responsible for any damages or loss that may occur during the transportation of the jewellery to and from the appraiser’s office. It is the client’s responsibility to ensure that the jewellery is packaged and transported safely and securely.
3. The appraiser’s report is not a guarantee of the future value of the jewellery, and the value of the jewellery may change over time. The report is based on the current market conditions and the information provided by the client at the time of the appraisal, and any changes in these conditions or information may affect the value.
4. The appraiser does not guarantee the accuracy of any third-party laboratory reports that may be included in the appraisal report. These reports are provided for reference only and the appraiser takes no responsibility for their accuracy.
5. The client should be aware that the gemstones may have been treated or enhanced in some way, which may affect their value and that the appraiser does not provide any warranty or guarantee of the durability or longevity of the jewellery. It’s the client’s responsibility to disclose any treatments or enhancements that have been done on the jewellery.
6. The client’s statutory rights are not affected by any of these terms and conditions. The client still has the rights to the return of goods, fair trading, and consumer protection that are afforded by the law.
7. The appraiser will include all relevant information on the jewellery in the appraisal report, but the client should be aware that this information may not be exhaustive and that further testing or analysis may be required to obtain a more accurate assessment.
8. Probate jewellery valuation is used to determine the fair market value of jewellery for the purpose of settling an estate or distributing assets to beneficiaries. This type of valuation is typically based on the condition of the jewellery, any appraisals or documentation available, and current market conditions.
9. Insurance valuation is used to determine the replacement value of jewellery for the purpose of obtaining insurance coverage. This type of valuation typically takes into account the replacement cost of similar jewellery, the condition of the jewellery, any appraisals or documentation available, and current market conditions.
10. Divorce settlement valuation is used to determine the fair market value of jewellery for the purpose of dividing assets between parties in a divorce. This type of valuation may take into account the sentimental value of the jewellery, the condition of the jewellery, any appraisals or documentation available, and current market conditions.
11. It’s important to note that the values provided by the Company for these types of valuations are subjective and may vary depending on the market conditions on the day of sale. The values provided are based on the best information available to the Company at the time of the valuation and should not be considered a guarantee of the actual selling price of the jewellery. The Company shall not be held liable for any discrepancy between the valuation provided and the final selling price of the jewellery.
LIMITATION OF LIABILITY:
1. The client acknowledges and agrees that the appraiser’s liability for any errors or omissions in the valuation report shall be limited to the cost of the valuation fee paid by the client.
2. The appraiser shall not be liable for any direct, indirect, incidental, special, or consequential damages, including but not limited to lost profits or revenue, loss of use or value of the assets being appraised, or any other damages arising out of or in connection with the appraisal report.
3. The client acknowledges and agrees that the limitation of liability set forth in this section is an essential element of the agreement between the client and the appraiser and that the appraiser would not have agreed to provide the appraisal report without this limitation of liability.
4. The client agrees to hold the appraiser harmless from and against any and all claims, demands, causes of action, damages, costs, expenses, and liabilities, including reasonable attorney’s fees, arising out of or in connection with the appraisal report.
5. This limitation of liability shall survive termination or expiration of this agreement and shall apply to any and all claims or causes of action that may be asserted by the client against the appraiser.
Disclaimer:
Please be informed that this report is not a legal document and doesn’t constitute a legal opinion or advice. It’s intended only for the use of the client who commissioned the report. The report should not be used or relied upon by any other person or for any other purpose without the express written consent of the appraiser.
Hypothetical Replacement Assessed
A client might ask an IRV to ascribe an assessed replacement value to an unseen or unexamined item, basing current value on the
information in a previous valuation. While doing this is best avoided, if it is unavoidable – for some obscure reason – specify very
clearly on the valuation that there was no physical examination of the item and the value is hypothetical and based on information from
a previous valuation.
If a client loses an item and has no/little/outdated documentary
evidence to support an insurance claim or civil claim, the IRV
can prepare a Post-Loss Assessment Report, detailing the likely
assessed value of the missing property. Post-Loss Assessment
Reports are not valuations and are regarded as hypothetical,
relying on the completeness and accuracy of the information
provided by the client or someone working on the client’s behalf.
The information may be totally or partially reliant on
photographic evidence.
In this case, the IRV assumes no responsibility if the information
turns out to be incomplete or inaccurate in any way.
IRVs should not confuse Post-Loss Assessment Reports with
formal valuations. A Post-Loss Assessment Report is presented
in a totally different format, clearly stating the IRV has not
examined the property
Notes to the schedule. Condition terms:
- Excellent: In the IRV’s opinion, the item is as new.
- Very good: In the IRV’s opinion, the item is in exceptional condition for its age and does not have any obvious repairs and/or restorations.
- Good: In the IRV’s opinion, the item is in better and average condition for its age and may have some discreet repairs and/or sympathetic restorations.
- Fair: In the IRV’s opinion, the item is in average condition for its age and may have some acceptable repairs and/or restorations.
- Very poor: n the IRV’s opinion the item is dilapidated, may have broken or missing components and have obviously poor-quality repairs and/or restorations.
- Scrap: In the IRV’s opinion, the item is in a decrepit condition and/or is falling apart with no possible/viable prospect of repairs and/or restorations. However, the term “scrap” could also be used for gold necklets, bracelets, etc., in perfectly good condition but where current realisable amount will be higher than scrap than as selling in the trade or at auction as a piece of jewellery.