Asset appraisal criteria-jewelry

the Ministry of Finance

Article 1 In order to regulate the behavior of certified asset appraisers (jewelers) in performing jewelry appraisal business, and safeguard the public interests and the legitimate rights and interests of all parties involved in asset appraisal, these Standards are formulated in accordance with the Assets Appraisal Standards-Basic Standards.

Article 2 Jewelry mentioned in this standard refers to the raw materials, semi-finished products and finished products of jewelry, jade and/or precious metals used for making jewelry.

Article 3 The term "jewelry appraisal" as mentioned in these Standards refers to the act and process that a registered asset appraiser (jewelry) analyzes and estimates the value of jewelry and gives professional opinions on the basis of the appraisal and grade analysis of jewelry in accordance with relevant laws, regulations and asset appraisal standards.

Article 4 A certified asset appraiser (jewelry) shall abide by these Standards when conducting jewelry appraisal business.

Article 5 A certified asset appraiser (jewelry) may carry out other businesses related to jewelry value appraisal with reference to these Standards.

Article 6 An asset appraisal institution engaged in jewelry appraisal business shall hold an asset appraisal qualification certificate issued by the financial department and mark "Jewelry Art Appraisal" in its business scope. The person signing the jewelry appraisal report shall have the certificate of China registered asset appraiser (jewelry).

Article 7 A certified asset appraiser (jewelry) shall abide by the relevant laws and regulations, the basic standards for asset appraisal and the national standards for jewelry, and consider the relevant provisions of other appraisal standards.

Article 8 A certified asset appraiser (jewelry) shall have the corresponding professional competence when performing jewelry appraisal business. When there is a lack of relevant professional knowledge and experience needed to carry out a specific business, relevant experts can be hired to assist in the work, but necessary measures should be taken to ensure the rationality of the expert's work and be responsible for the expert's work.

Article 9 A certified asset appraiser (jewelry) shall perform jewelry appraisal business diligently and conscientiously, maintain due professional caution, and shall not take the preset value as the appraisal conclusion.

Article 10 A certified asset appraiser (jewelry) shall specify the appraisal object, appraisal scope, appraisal purpose, appraisal benchmark date, value type and appraisal report user when conducting jewelry appraisal business.

Article 11 A certified asset appraiser (jewelry) shall perform the basic appraisal procedures in accordance with the Assets Appraisal Criteria-Appraisal Procedures, and formulate and implement the corresponding specific appraisal steps in combination with the specific circumstances of jewelry appraisal business.

Twelfth certified asset appraisers (jewelry) to carry out jewelry appraisal business, should confirm the real jewelry, clear the existence of jewelry.

Thirteenth certified asset appraisers (jewelry) to carry out jewelry appraisal business, should pay attention to the ownership of the appraisal object, and ask the entrusting party or relevant parties to make a commitment to the ownership of jewelry. A certified asset appraiser (jewelry) shall conduct necessary inspection on the relevant information of jewelry ownership.

Article 14 A certified asset appraiser (jewelry) shall conduct jewelry appraisal and quality classification. When appraising and grading appraisal objects, corresponding national standards and industry standards should be adopted. If there is no corresponding national and industry classification standard, the commonly used classification system in jewelry industry at home and abroad can be adopted and clearly stated in the evaluation report. Certified asset appraisers (jewelry) can adopt the appraisal and grading conclusions issued by qualified jewelry quality inspection institutions, but their conclusions should be verified.

Fifteenth certified asset appraisers (jewelry) to carry out jewelry appraisal business, should know that the value of the same jewelry in different markets may be different, and determine the appropriate market level according to the specific situation of the appraisal object.

Article 16 A certified asset appraiser (jewelry) shall obtain jewelry market information and other relevant information through appropriate means, and make necessary judgments on its authenticity and reliability.

Seventeenth certified asset appraisers (jewelry) shall, according to the specific circumstances of the appraisal object, reasonably select the content of information collection. Usually pay attention to the following aspects: (1) the history, present situation and relevant supporting materials of the appraisal object; (2) Past evaluations and transactions of the appraisal object; (3) Market price information and transactions of identical or similar jewelry; (four) the relationship between market supply and demand, scarcity and market prospects of the evaluation object; (five) the macroeconomic situation that may affect the value of jewelry; (6) Other relevant information.

Article 18 A certified asset appraiser (jewelry) shall, when conducting jewelry appraisal business, consider the influence of jewelry quality factors and other factors on the value of the appraisal object, such as source (source), history, celebrity ownership, famous designer's production, brand and scarcity.

Nineteenth certified asset appraisers (jewelry) to carry out jewelry appraisal business, can reasonably determine the appraisal hypothesis according to the appraisal purpose and the specific situation of jewelry, and disclose its influence on the appraisal conclusion. Chapter IV Appraisal Methods Article 20 A certified asset appraiser (jewelry) shall analyze the applicability of three basic asset appraisal methods, namely, market method, cost method and income method, and select the appraisal method appropriately according to the appraisal object, value type and data collection.

Article 21 When using the market method, a certified asset appraiser (jewelry) shall: (1) make clear whether there is an open and active trading market and whether it can obtain enough comparable sales data and the reliability of the data; (2) Collect the past transaction information of the appraised object and the market information of the same or similar jewelry transaction; (three) to determine a number of identical or similar jewelry as a reference, and fully consider the comparability of their value factors; (four) according to the specific situation of the evaluation object, determine the appropriate trading market that can be used as the basis for evaluation; (5) Analyze and adjust the same or similar jewelry trading information and related materials according to the differences between the appraisal object and the reference object, as well as the differences of market level, market trading conditions and other factors.

Article 22 When using the cost method, a certified asset appraiser (jewelry) shall: (1) analyze the factors such as whether the appraised jewelry can be copied and recreated, and consider the applicability of the cost method; (2) Reasonably determine the composition of replacement cost, and make it clear that the replacement cost of jewelry includes material cost, production cost, related taxes and fees, reasonable profit and other expenses; (3) Appropriate selection of replacement cost types, namely, repair replacement cost and update replacement cost; (4) Reasonable determination of substantive depreciation, economic depreciation and functional depreciation.

Article 23 When using the income method, a certified asset appraiser (jewelry) shall: (1) make it clear that jewelry is rarely evaluated by the income method. Income method is usually only applicable to jewelry appraisal business with independent profitability or quantifiable profitability in continuing business activities such as leasing and exhibition; (2) Reasonably determine the income period and reasonably predict the future income. (3) Reasonably determining the discount rate; (four) analysis of the contents of the lease and other legal documents may have an impact on the value of the appraisal object.

Article 24 When a certified asset appraiser (jewelry) adopts multiple appraisal methods for the same jewelry, he shall analyze all the preliminary appraisal conclusions obtained and form a reasonable appraisal conclusion. Chapter V Disclosure Requirements Article 25 A certified asset appraiser (jewelry) shall, after performing the necessary appraisal procedures, prepare an appraisal report according to the appraisal criteria-appraisal report, and fully disclose the necessary information in the appraisal report, so that the users of the appraisal report can reasonably understand the appraisal conclusion.

Twenty-sixth certified asset appraisers (jewelry) should reflect the characteristics of jewelry appraisal when compiling jewelry appraisal reports. It usually includes the following contents: (1) A proper description of the appraised object, including the objective distinguishing features and value contribution features of jewelry. According to the characteristics of the appraisal object and the specific situation of the appraisal business, the content to be described should be determined, and the key characteristics affecting the value conclusion should be highlighted. (2) Value types and definitions of jewelry appraisal. (3) The description of the implementation process of the evaluation procedure should reflect the process of investigation, identification and classification of jewelry; (4) Whether there are restrictions such as pledge on jewelry.

Article 27 The appraisal report shall disclose the hypothetical conditions or restrictive conditions that directly affect the appraisal conclusion, and explain their influence on the value.

Article 28 A certified asset appraiser (jewelry) may reasonably determine the contents of the jewelry appraisal report according to the nature of the appraisal business.

Article 29 These Standards shall come into force as of July 6, 2065438 +0.