Discover SILVA: Our Journey & Vision
At SILVA, our trajectory began with a simple yet profound observation – the world of jewelry valuation was riddled with inconsistencies. Our quest has been to revolutionise this space, marrying technology with gemmology, and ensuring each jewelry owner receives the accuracy they deserve. Join us as we unfold our journey, sharing our vision to redefine jewelry valuation for the modern era.
the problem
Through years of deep involvement in the jewelry insurance industry, our founder recognised glaring inadequacies in the way jewelry valuations were handled. He pinpointed three pivotal challenges that needed urgent attention:
Inconsistent Methods
Traditional jewelry valuations often rely on varied techniques that can produce vastly different results for the same item. The lack of a standardised approach means that many customers are left unsure about the true value of their cherished possessions.
Outdated Information:
Many valuers depend on price-lists and market snapshots that quickly become obsolete. This static approach doesn’t account for the dynamic nature of the jewelry market, leading to values that might not truly reflect an item’s current worth.
Partial Market Insight:
Most appraisers operate with limited visibility into the entire value chain of jewelry production and sales. Without insights from manufacturers, wholesalers, and retailers, the valuation can miss key market nuances, often leading to either undervalued or overvalued assessments.
