You will need to consider the investment required to get your new internal valuation service up and running (e.g. staffing, equipment and sales/marketing) as well as the benefits that the service would bring. (AC1.1)

Assignment Brief

Optional Module: Jewellery and Watch Valuations Assignment

This assignment is for the optional module, Jewellery and Watch Valuations.

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1. Your company have just re-fitted your store and a key feature will be a new internal jewellery valuation department. Your manager has asked you to evaluate the business case for setting up the valuation service. You will need to consider the investment required to get your new internal valuation service up and running (e.g. staffing, equipment and sales/marketing) as well as the benefits that the service would bring. (AC1.1)

2. Your business case to introduce a valuation service has been accepted and you have been asked to provide a short training for colleagues who might be involved in taking items in for valuation. Prepare some notes to hand out to colleagues. Your notes should:

   1. Discuss the different reasons that a valuation might be required (AC1.2)

   2. Explain the differences between an insurance valuation and a probate valuation (AC1.3)

   3. List the questions that you would ask a customer when leaving an item for valuation (AC1.4)