Is Your Jewellery Properly Insured?

Is Your Jewellery Properly Insured?

With gold prices on the rise, It might not be.

Jewellery is more than just beautiful – it’s valuable, both emotionally and financially. And as gold prices continue to climb, there’s never been a better time to review your jewellery insurance, because that heirloom gold bangle or diamond engagement ring could now be worth significantly more than when you first insured it. 

Why Gold Prices Matter 

Gold has always been a safe haven in times of economic uncertainty, which means its value tends to increase during global shifts. And right now, gold is hitting historic highs. If your jewellery was valued or insured years ago, there’s a good chance it’s underinsured today. 

What to Check in Your Jewellery Insurance: 

Current Valuations 

• Have your most important pieces professionally revalued every 2–5 years. For high-value items or bespoke designs, ask your jeweller if they offer valuation services or can recommend a certified appraiser. 

Specified Items 

• Many insurance policies only cover items up to a certain value unless they are individually listed. Double check that your most expensive pieces – like your engagement ring, wedding band, or luxury watches – are named on your policy. 

Worldwide Cover 

• If you travel often, look for policies that cover loss, theft or damage while abroad, not just at home. 

Repair or Replacement Conditions 

• Some insurers require you to use their chosen jewellers for replacements, which may not suit pieces with sentimental or design value. Others allow you to return to your original jeweller – something to clarify before you need to make a claim. 

Peace of Mind is Priceless 

• Jewellery often marks life’s most meaningful moments; proposals, anniversaries, births, or personal achievements. Having the right insurance in place means that if the worst does happen, you can restore or replace what matters most. 

Take a Look at Insurance Options

Take a look at insurance options via our recommended insurance partner, here. Alternatively, chat to our advisors who can point you in the right direction.