The Jewellery Valuers Association (JVA) is the premier body in the UK and Ireland exclusively for valuers of jewellery, watches, silverware and gemstones.
It is the only independent association of its kind, run by valuers for valuers and is completely not for profit.
Valuations today more than ever are required to be precise legal documents which your Insurer can rely on – Insurance fraud is sadly prevalent; therefore more and more insurers are turning to JVA’s for their professionalism, experience and high standards. JVA’s and the documents they produce follow a strict code of conduct, ensuring their documents will stand up in court if required.
The JVA is a professionally recognised body, comprising many of the most qualified and experienced jewellery and allied industries valuers.
The aims of the JVA are to:
Assist their members with training and continuing professional development to enhance their integrity and expertise
To provide and promote high standards of valuation methodology and practical techniques, ensuring valuations produced are fit for purpose, accurate and reliable
To promote the need of valuations by JVA registered valuers to the insurance industry and consumers
To link consumers with JVA registered valuers in their area
The JVA consist of just over 100 members, which include the valuing ‘Member’ and ‘Fellow’ designations.
To become a JVA registered valuer, the candidate must have a number of pre-requisites and be able to demonstrate their ability to produce a fully researched document and working notes, to the highest standards.
A gemmological qualification, such as the FGA, from the Gemmological Association of Great Britain (Gem-A)
A diamond grading diploma, such as the DGA from Gem-A
The Certificate of Appraisal Theory (CAT) from the National Association of Jewellers (NAJ) or the National Association of Jewellers Professional Valuers Diploma (PJValDip)
At least five years valuing experience
Once the above pre-requisites have been achieved the valuer must submit samples of their previous valuations to the panel. If these valuations meet the standards of the JVA, they are then invited to become a member
For a valuer to keep their ‘’JVA’ status, yearly Continuing Professional Development (CPD) must be undertaken, evidencing their learning and upskilling
The JVA monitoring panel also require sample Insurance and Probate valuations, along with working notes every five years, to ensure the valuer is still working to the expected high standards. A panel of selected JVA’s review the sample documents, which are anonymously labelled to ensure no bias towards any member.
Once a Member has been with the JVA for three years, he/she is able to achieve Fellow status, providing they meet the criteria to do so. This involves achieving 85% or above in the monitoring program. This can fall in line with the valuers next monitoring assessment, or the valuer can choose to be monitored.