Valuation of important assets might seem to be a complicated and hectic process, however, this process is beneficial to you in so many ways. Evaluating your assets gives you a brief and concrete idea regarding the exact value of your asset, and how much it has increased over time as per the market value. There are so many valuable assets which people use or own for a bright future. Whereas, land, house, property, imported vehicles, antique pieces, jewellery and so on are some of the common assets which people own, however, there are some unique assets which are also owned by people to enhance their luxurious life. This includes imported, designer and branded watches and handbags. Rolex watches are one of the important assets which many people love to own and believe it or not, they are highly valuable and expensive. People love to collect and wear rolex watches not just because they make them look elegant and sophisticated, but also because their value increases over time and can help them in so many ways. Therefore, if you have imported, luxurious and branded watch collections with you, then do not forget to go for watch valuation service from time to time. Knowing the exact value of your watch can help you in so many ways in different situations, for instance, while claiming for insurance, while selling or exchanging it with another valuable watch, during an accident, theft, robbery and so on.
In this article we shall be looking at three major steps which are taken for Rolex valuation. Before evaluating your Rolex watch make sure that you are going to the right person for the valuation process. The valuer must have proper knowledge and experience in this field. Check the reviews of the customers towards the valuers and discuss with people who have taken his service before finalising anything. You can also take the help of companies like Prestige Valuations and alike which provide you with experienced and knowledgeable valuers who can not just evaluate your watches, but also different jewellery pieces, handbags, artworks, antique pieces and so on. Let us now have a look at the three essential steps which are required for evaluating the Rolex watches.
Checking the Authenticity of the Watch
The first important step which is taken for the evaluation of Rolex watches is checking its authenticity. If your Rolex watch is authentic, then definitely its value is going to rise in the future. There are several things which are taken care of while checking the authenticity of your Rolex watch, just like they do during jewellery valuations. For instance, they check the serial number and model number of the watch. Every Rolex watch you will find comes with a unique serial number and model number. The serial number can be found on the lugs on the side of the case at the position of six o’clock. You can locate the model number between lugs on the side of the twelve o’ clock. The valuer cross references these numbers with the records of the Rolex watches to verify the production date of the watch and whether it is authentic or not. Apart from that they also check the hallmark and the logo of the Rolex watch and verify the movement of the watch and the components associated with the watch.
Condition of the Watch
The second important step in evaluating the Rolex watch is verifying and checking its condition. If the watch is in good condition then, be assured that its value is going to increase in the future. Just like in antique valuations and other different asset valuations, there are certain things which are looked upon to make sure whether the watch is in good condition or not. For instance, first the exterior part of the watch is checked properly. The case, dial, hands, bezel and bracelet are checked properly to ensure that there is no scratch, dent or other similar damage. The dial of the watch is highly important because unaltered original dials are highly expensive, especially when they show distinctive ageing patterns, just like patina. To ensure that the watch is functioning properly, the condition of the movement is also checked. It should not have any damage due to rust, water, moisture and temperature, because this may impact the value of the watch. Also, the components which are used in manufacturing the watch must be original and authentic.
Uniqueness and Trend
Last but not the least, the uniqueness of the model and its trend in the market also play a major role in determining the market value of the watch. Limited editions, or the model with unique features and historical significance, the vintage ones or the discontinued models are high in value. Apart from that the Rolex watches which are consistently on trend and are in high demand among the collectors, ensure a higher market value. Just like in jewellery valuation and other asset valuations the rarity of the watch and its market trend has a major role to play.
