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Standardising of Valuation Practices Recommended by the Jewellery Council of SA

Dear Jewellers

The issuing of any document today is legal and binding, sometimes even with exclusion clauses in place. It is important that we have consensus on the issuing of Valuation Certificates to affirm the credibility and ethics of the jewellers in South Africa.

The Jewellery Council issued a document on the Standardising of Valuation Practices Recommended by the Jewellery Council of SA some time ago, which we have now modified to assist jewellers who issue valuations.

The Council receives numerous complaints from consumers as well as insurers relating to valuations issued by jewellers. I am confident that the attached guidelines with the example of a Valuation Certificate will assist and protect you against unsolicited legal claims.

Members are welcome to engage with us to provide input and additional information on the guidelines.

With kind regards

Lorna Lloyd