Code of Ethics

Ethics of the National Council of Jewellery Valuers

This Code of Ethics is founded upon the pursuit of:

  • Professional honesty and integrity
  • Diligence
  • The continuous improvement of skill and knowledge

Acceptance of membership to the National Council of Jewellery Valuers indicates a valuer’s willingness to comply with the Code of Ethics and behave in a professional manner. Members voluntarily agree to be bound by this Code of Ethics as a means of encouraging the highest standards of business conduct.

Honesty and integrity

Members will:

  • Observe the highest standards of honesty, fairness and integrity in all business relations with members of the public and other valuers.
  • Conduct their business in such a manner as to not bring disrepute to the profession and will carefully avoid the use of false titles, confusing technical terms and misleading or deceptive behaviour.
  • Ensure that they do not act in a manner to diminish public confidence in the profession.
  • Extend a spirit of cooperation to fellow members, giving assistance where possible and at all times relating to each other in terms of mutual respect.
  • Ensure that only qualified and registered valuers conduct or sign Certificates of Valuation.
  • Never disclose personal information unless the client authorises disclosure or you are compelled to by law.
  • Never act in breach of these rules even if directed by an employer.


Members will:

  • Always aim for the most objective and accurate valuation possible and provide members of the public with enough information to understand, as far as possible, any limitations in the valuation.
  • Ensure each valuation is a true appraisal of the item described and clearly fulfills the purpose stated for the valuation.
  • Take time to follow the recommended methodologies for valuing. Each item will be thoroughly tested and inspected to reach a positive conclusion, which will protect both valuer and client.
  • Only value items within their specific area of expertise. This also applies to fine arts members.
  • Decline valuations where it could be suggested they have a conflict or pecuniary interest that could affect their judgement or values. Alternatively they must disclose the conflict in full to the public.
  • Comply with any professional requirements and ensure that they and their business are protected by professional indemnity insurance.
  • Conduct their business with regard to the laws that bind them and not allow the profession to fall into disrepute because of their conduct.

Improvement of skill and knowledge

Members will:

  • Ensure that they have up-to-date familiarity of the market conditions that influence trade prices of metal, gemstones and labour, and be aware of the changes due to fluctuations in overseas and local markets.
  • Maintain proficiency in the knowledge of gemmology and be able to correctly identify gemstones and accurately grade them.
  • Be experienced in the testing of metals, the processes used in manufacture and the variations between handmade mounts and production jewellery in order that they may be accurately described and assessed.


  • If members are considered to have breached this Code of Ethics or any amendments, their membership may be suspended and they may face expulsion from the NCJV. This will be at the sole discretion of the NCJV without any right to recover fees paid and without any right to compensation.
  • The exercise of the NCJV’s absolute discretion in expelling a member must comply with natural justice procedures.

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