An IRV is either a Member or Fellow of the Institute of Registered Valuers (IRV), which is the professional body that oversees valuations undertaken by its members on Jewellery, Watches and associated articles in the UK. The IRV was created by the National Association of Goldsmiths, now the National Association of Jewellers, to improve the level of valuations produced in these fields, and to promote and recognise experienced professionals in this trade.
The IRV is now recognised across the world as the leading authority in this field, with many Insurance Companies now requesting that valuations provided to them are only undertaken by an IRV.
Becoming a member of the IRV is no easy task. It requires pre-requisites such as Diplomas in Diamond Grading, Gemmology and Appraisal Theory, along with at least five years valuing experience in the trade. Potential members then have their work assessed, and if they meet the strict standards of the IRV they are invited to join. It doesn’t end there; as members have their work peer reviewed on a regular basis to ensure they still reach the high standards set by the IRV and also undertake Continued Professional Development (CPD) to show they are actively keeping updated with technology, education and the trade.
Members also have to adhere to the NAJ’s Principles of Good Practice for Valuers
All this ensures that the valuation produced by an IRV will be to the highest standards, in accordance to the specified purpose and needs of the client.