Jewelry Insurance Tips

by Catherine Angiel February 14, 2017

You make think the process of getting your jewelry insured is a hassle but it’s actually very easy. Most insurance companies will provide plans that will cover all of your fine jewelry.

The first step is to check your home/renters insurance to see if it falls under your current plan.  The next step is to get your jewelry appraised by a professional within the jewelry industry.  An appraisal is a detailed description that provides the value of the piece.  The final step is to talk to your insurance company to finalize the policy.

 It is important to understand your coverage, as some insurance companies may offer a deductible and other may offer replacements. It is very important to ask, how the company defines replacements.  Additionally, it's wise to get your items reevaluated every three years so you are properly covered. 

Appraisers rates vary, it's advised to use an appraiser that charges a flat rate for the item, rather than the fee being based on a percentage of the items value. This will keep the appraisers estimate fair and based on the items market value, not their fee.

The possibility of damaging, losing, or having your jewelry stolen is always a possibility. You can have peace of mind by knowing if something happens, you will not suffer from a monetary loss.

Catherine Angiel
Catherine Angiel


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by Catherine Angiel June 16, 2017

Lab grown diamonds are considered authentic, and ecofriendly, with the same composition and structure of natural diamonds.  Scientist grow these stone in 8 short weeks, where it takes the earth millions of years for veins of rough to surface. 

While these stones are very close to natural diamonds in their characteristics and beauty, they are not the same as machines are able to distinguish which are natural and which are scientifically created.

As far as an investment; experts in the jewelry industry have doubts man made stones will go upward, because this is a new concept.  Similar to electronics, they feel in time the prices will go down once they become mass produced.

Moreover, natural diamonds make a positive impact in other countries, specifically Africa’s continent.  The diamond industry provides an honest livelihood, schools, medicine, and hospitals. 

Examples include Botswana who has one of the better medical systems in Africa. The Botswana government has many times said that if not for their diamond industry, the medical system would collapse.

The Kimberly act was created by the United Nations General Assembly, to establish requirements in the industry that controls rough production and trade. This has helped minimize the sourcing of unethical diamonds and has provided ethically sourced diamonds, and reduced the flow of conflict diamonds down to 1%.

Lastly, the diamond industry cares deeply about sourcing ethical diamonds, and ending the crisis in Sierra Leone.


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