The Process Of Jewellery Valuation In Divorce Settlement

Divorce is a tough, complex and emotionally charged process. It is a stage where a person not only goes for a legal battle, but is entrapped in a situation where he mentally struggles every day. Apart from getting separated, there are a lot of legal procedures which make a person physically and emotionally drained. It is something that no one might have imagined of while getting married. However, some marriages never get their happy endings.

During this process, a lot of valuable assets acquired during the time of marriage get divided between two people involved in that nuptial bond. Out of all the assets, jewellery is one of the important ones and holds a special space, because this is not only the symbol of love and commitment in a relationship, but it also comes with a lot of financial values.

Hence, jewellery valuation is an important step during the time of divorce settlement so that it is equally divided between two parties. It is highly important for women who are entirely dependent on their partner in marriage. Now when they are getting divorced, it is one of those assets which can help them financially.

Jewellery Valuation In Divorce Settlement

In this article we shall be looking at the process of valuation of jewellery in divorce settlement. The valuation of jewellery has a lot of important significance. When it comes to the evaluation of jewellery during the time of divorce settlement. There are a lot of aspects which we need to keep in mind. In a marriage, the important jewellery pieces include, engagement rings, eternity rings, wedding bands, and some other pieces of jewellery exchanged between the partners, such as necklaces, chains, bracelets, etc.

Therefore, it is essential to do an accurate evaluation of the jewellery. So that it is equally distributed among the two parties. When it is equally distribut-ed, there is an assurance of transparency and transparency. It is, however, a challenging task, as it involves jewellery pieces with unique characteristics.

Let us now have a look at the process involved in evaluation of jewellery in divorce settlement.

Valuation by a Professional Jeweller

One of the important processes to evaluate their jewellery during divorce settlement is that they take the help of a professional jeweller. These professional jewellers not only have years of experience. Rather they also have a proper expertise and in-depth knowledge in this field. Some of the important factors which they consider during the evaluation of jewellery. Example- type of elements used in designing the jewellery, the quality of those elements, metals and gemstones used, age and condition of the jewellery, craftsmanship, the story and the sentiments attached to the jewellery and so on.

Apart from visiting an experienced jeweller for this process, you can also take the help of a certified gemologist, as these people will give you the accurate value of the jewellery which is reliable.

The Process of Independent Valuation

In order to ensure fairness, both parties in a divorce settlement may claim for the independent valuation of the jewellery. In this process, each party hires its own professional valuer for the jewellery valuations. And then the average of both valuations is utilised in the divorce settlement. This helps in mitigating the potential bias during the time of divorce settlement. If you want to go for the independent valuation of the jewellery during divorce settlement. Make sure that you are hiring a valuer who is experienced, has the proper knowledge and is certified. Check these backgrounds first to get the accurate value of the jewellery pieces you acquir-ed in your marriage.

Valuation on the Basis of Market Value

Whether it is for divorce, or for any other reason, evaluation of jewellery most of the time takes place by keeping in mind the current market value. In this process you have to research the market value of the similar jewellery pieces in order to determine the fair value of the jewellery that will be distribut-ed equally during divorce. This process will help you gain accurate knowledge about the value your jewellery has at the moment.

Summing Up

These are some of the methods which you can follow for equal distribution of jewellery between two parties. Some of these methods can be used in some other evaluation processes related to jewellery.