ATHE Level 3 JET Certificate in the Foundations of Appraisal Practice (Jewellery, Silverware and Watches)

The ATHE Level 3 JET Certificate in the Foundations of Appraisal Practice (FoAP) qualification teaches the basic theories, methodologies and good working practices needed to become a competent valuer of jewellery, silverware and watches.

It is just the start of the aspiring valuer’s long journey in achieving their eventual goal of becoming a professional valuer and is one of the pre-requisites of joining as a full practising member of the NAJ’s Institute of Registered Valuers (IRV), the recognised professional body for valuers of jewellery, silverware and watches in the UK.

Becoming an IRV

 

Did you know?

All JET Foundations of Appraisal Practice students are eligible to enrol as Student Members of the IRV at no additional cost?

 

Overview

Suitable for: Aspiring valuers of jewellery, silverware and watches

Entry Requirements: A minimum of three years trade experience and at least 5 GCSEs or 'O' Levels (or equivalent international qualifications)*

Duration: 24 months (can be completed sooner)

Assessment: Seven written assignments

Centre Recognition: Awards for Training and Higher Education (athe.co.uk)

Qualification:  ATHE Level 3 Certificate in the Foundations of Appraisal Practice

Fee: Non Member £2175+VAT, Member £1950+VAT

*Gemmological and/or diamond qualification(s) and/or gemmological trade experience also recommended

 

Benefits

The JET Foundations of Appraisal Practice will:

  • Provide students with a detailed understanding of the IRV- approved approach to valuing jewellery, silverware and watches;
  • Give students practical experience of undertaking a valuation, including sample proformas and templates;
  • Give students tips, advice and guidance on the legal, ethical and commercial aspects of setting up and running a jewellery valuation business;
  • Constitute one of the mandatory training programmes required for application and admission to the Institute of Registered Valuers;
  • Value and recognise staff by giving them access to training to enhance their career and professional development;
  • Help recruitment and retention into the jewellery industry by signposting a career pathway to help staff along their jewellery journey;
  • Provide an engaging online learning environment that is equally accessible to both part-time and full-time staff.

 All students will be allocated to a FoAP Advisor, all of whom have extensive backgrounds in valuation and are Fellows of the Institute of Registered Valuers.

On successful completion of the JET Foundations of Appraisal Practice, you will:

  • Understand the meaning of, and relationship between `price’, `cost’ and `value’
  • Understand the cost and market data approaches to valuation
  • Understand different purposes and intended uses for valuation
  • Understand market levels of valuation and categories of replacement value
  • Understand the valuation take-in process
  • Be able to undertake a valuation.

 

Course Structure

Qualification learning is broken down into two main parts:

A modular online learning programme which will help the student to understand:

  • The theory behind the basic approaches to determining value;
  • The forces that affect value;
  • How to research and interpret comparables;
  • The components of the written valuation;
  • How to develop and record the narrative to support the value conclusion determined.

A three-day practical valuation techniques workshop which will enable the student to get hands-on with some of the theoretical knowledge that is contained in the JET Foundations of Appraisal Practice.

View Practical Valuation Techniques.

 

Entry Requirements and Recommendations

Required

  • A minimum of three years trade experience
  • at least 5 GCSEs or 'O' Levels (or equivalent international qualifications)
  • English Language level of (CEFR B1- intermediate, independent user) as demonstrated by IELTS score of 4.0-5.0* 

*required for English as a Second Language

Recommended

  • Gemmological and/or diamond qualification(s) and/or gemmological trade experience 

Units

There are two online learning units detailed units of study support the syllabus. They are:

Unit 1: The Basic Principles of Jewellery, Silverware and Watch Appraisal

This unit teaches the student the basic principles and concepts underpinning the appraisal of jewellery, silverware and watches. This will include:

  • The Basic Principles and Concepts of Appraisal Theory
  • The difference between price, cost and value
  • Analysing prices to determine value
  • The purpose, function and intended use of a valuation
  • Different valuation approaches.
  • The different types of valuations
  • Different market levels for different types of valuation

Unit 2: Practical Approaches to Appraising Jewellery, Silverware and Watches

In this unit students will further develop their theoretical knowledge of matters specific to jewellery and gem appraisal and learn the practicalities of producing professional valuations that are consistently accurate.

  • Take-In Procedures
  • Worksheets
  • Provisional Appraisal Procedures
  • Mandatory Appraisal/Cataloguing Procedures
  • Researching and Recording Gem and Metal Prices for the Cost Price Approach
  • Researching and Recording Gem Prices,Metal Prices and Comparables for the Market Data Approach
  • Guide to Mark-Ups
  • Descriptions
  • Recording the Details (Factual Data, Judgements and Assessments)
Bonus content (not assessed)

 As a student IRV member, you will also have access to a wealth of tips, advice and guidance on the legal, ethical and commercial aspects of running a successful jewellery valuation business, including:

  • Legal matters;
  • Ethical matters;
  • Commercial matters;
  • Software;
  • Security.

 

Assessment

The JET Foundations of Appraisal Practice qualification is assessed via seven written assignments, four for Unit 1 and three for Unit 2. These are stretching and challenging written assignments that will assess students on all of the learning outcomes of the qualification.

On successful completion of the qualification, you will be invited to attend our annual Awards Ceremony, which takes place in March at Goldsmith’s Hall in London, where your Certificate will be presented.

You will also have the opportunity to work with an IRV Mentor, who will support your continued journey towards Membership of the Institute of Registered Valuers (MIRV).

 

Booking

Fees

Non-member £2,175+VAT

Member £1,950+VAT

All bookings are subject to the NAJ's Terms and Conditions

 

Funding

Full or part funding may be available via Association Financial Support.

 

Register

Download booking form*

*to secure your place email your form to jet@naj.co.uk or contact us to register your interest.

Too busy to complete your form or need more information?

Register your interest and we'll complete the forms on your behalf:

Email the team

Call 0121 237 1135

 

Frequently Asked Questions

How does FoAP differ from CAT?

The Certificate of Appraisal Theory and the JET Foundations of Appraisal Practice qualifications contain the same high quality of learning materials, focusing on the principles and concepts of jewellery, watch and silverware valuation. Students on both qualifications are supported by high calibre Advisors, all practising valuers and highly regarded Fellows of the Institute of Registered Valuers. The main difference between the two qualifications is that the JET Foundations of Appraisal Practice incorporates a focus on the practical elements of undertaking a valuation. Students will attend the Practical Valuation Techniques workshop and will prepare valuation documentation as part of their assignments.

Why has FoAP been introduced?

The JET Foundations of Appraisal has been introduced in response to student feedback. Students have frequently asked for more help and support on the practical elements of undertaking a valuation, so that they are more adequately prepared to apply for membership of the Institute of Registered Valuers. This is why the NAJ initially introduced the Practical Valuation Techniques workshop. The next logical stop was to incorporate the practical side into the qualification itself.

Why doesn’t FoAP have an exam?

The JET Foundations of Appraisal Practice will be rigorously assessed via the seven assignments, covering all of the learning outcomes and assessment criteria for the two units. These assignments will be marked as Pass, Merit or Distinction, by the Advisors, and their marking will be checked by NAJ and ATHE moderators.

The NAJ has decided to follow modern assessment practice, which puts less emphasis on exams for testing skills, knowledge and behaviours in professional areas, and focuses more on using realistic scenarios to test the skills, knowledge and behaviours that the student will require to do the job.

Will my CAT qualification still count toward membership of the IRV

The Certificate of Appraisal Theory (CAT) will continue to count as one of the pre-requisites for membership of the Institute of Registered Valuers. There will be no additional requirements placed on applicants with CAT, although some CAT students may still choose to take the Practical Valuation Techniques (PVT) workshop as part of their preparation for becoming a Member of the Institute of Registered Valuers.

How do I progress from being a successful FoAP graduate to being a Member of the IRV?

On successful completion of the JET Foundations of Appraisal Practice, you will have the opportunity to work with a current Member or Fellow of the Institute of Registered Valuers, who will help and support as you consolidate your learning, undertake more practice valuations and begin to prepare your application for membership of the Institute of Registered Valuers.

What is the ATHE?

The ATHE (Awards for Training and Higher Education) is an awarding organisation (similar to City and Guilds, AQA or Edexcel) that specialises in supporting bespoke professional qualifications such as the NAJ’s JET Foundations of Appraisal Practice.

What is the ATHE’s role?

The ATHE helped the NAJ to get the JET Foundations of Appraisal Practice qualification recognised on the Regulated Qualifications Framework (RQF). Once the qualification is on the RQF, it is nationally and internationally recognised. This means that employers and colleagues will easily recognise the size, level and value of the qualification that you have achieved.

What does Level 3 mean?

The qualification `level’ relates to the level of stretch and challenge that the qualification demands. The JET Foundations of Appraisal Practice qualification is Level 3 and demands a similar level of challenge to an `A’ level.

Why is the full title JET `Certificate’ in the Foundations of Appraisal Practice?

The addition of the word `Certificate’ in the title, helps people to understand the size of the qualification. A Certificate can take anywhere between 121 and 369 hours of study! The JET Certificate in the Foundations of Appraisal Practice will take around 200 hours to complete.

What does RQF recognition mean?

Regulated Qualifications Framework (RQF) recognition comes with a series of responsibilities for the NAJ, designed to ensure that the student’s learning is of the highest possible standard. The awarding organisation (Awards for Training and Higher Education), on behalf of Ofqual (the national qualifications’ regulator), will make regular external checks to ensure that assessment is being carried out to nationally recognised standards and that student learning is being supported by well-designed learning resources and assignments. You can be assured that the qualifications you pursue with the NAJ, will be of the best quality possible.

View ATHE