<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1">
q-report-logo-high-retina-v1 (1)
  • phone
  • 1300 882 018

Q Insights

Jewellery insurance info, helpful guides, resources and industry-leading insights.


Jewellery Insurance

10 Facts You Need To Know About Engagement Ring Insurance

When you first start shopping for an engagement ring, you might feel that y...

How to Insure an Engagement Ring Without Home & Contents Insurance

Is it possible to insure an engagement ring without home and contents insur...

What Kind of Documents Do I Need to Get My Ring Insured?

You’ve found the ring of her dreams, and now you need to protect it. Specia...

Insurance Information

Side-by-Side Insurance Policy Comparison

If you could be doing anything today, what would it be? Shopping for insura...

How Much Does Engagement Ring Insurance Cost?

Wedding costs add up fast! And worse, the list seems to grow as you approac...

12 Reasons You Should Insure Your Jewellery

Some of your possessions are easy to replace. One television is much like t...

Luxury Watches

Luxury Watches - The Three Must-Haves for Any Collection

The luxury watch market has never been more exciting. From revivalist model...

What Does Watch Insurance Cover?

A luxury watch does more than tell the time. It brings an element of elegan...

Does Home & Contents Insurance Cover Luxury Watches?

Some people have one special watch (like their grandad’s Rolex), and others...

Jewellery Trends

20 Unique Marriage Proposal Ideas

Your partner is unique, special, one-of-a-kind. So your proposal should be ...

Our Top 10 Celebrity Proposal Stories

We all love sneaking glimpses of celebrity engagement rings on social media...

7 Luxury Watch Trends of 2019

No one “needs” a watch anymore, and maybe that explains our love of luxury ...


Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.

Engagement Rings

Engagement Ring Insurance: The Do’s and Dont’s

Yellow gold or white gold? Pear-shaped or oval? Wedding band or no?

Protecting Your Engagement Ring in Summer

Ah, summer - that carefree time of year when sandals rein and the sun keeps...

How to Avoid Damage to Your Finger and Engagement Ring if You Can’t Get it Off

It’s a panicky situation. Maybe it’s hot outside, and your finger is swolle...


Diamond Certificates Explained

Shopping for a diamond can be intimidating, especially if you haven’t done ...

Retail vs Resale: The Value of a Diamond

“It’s an investment.” You might hear this phrase as you shop around for jew...

Not Your Style? A Guide to Resetting Your Family Heirloom Diamond Ring

You’ve inherited a piece of jewellery from a beloved family member. Congrat...


Antiques Roadshow. Are You Sitting on a Gold Mine?

Have you seen the one where the long-haired man hears what his watch is wor...

How to Propose & The Best Places to Do it in Australia

Just one thing stands between you and marital bliss. You have to propose ma...

Durable Wedding Bands for the Handyman

Men’s wedding bands can take a beating. Whether you’re fixing a roof or pla...

Helpful Resources

Featured Resource

The Complete Guide to Jewellery Insurance

Access the Guide
Featured Resource

The Ultimate Guide to Luxury Watches

Access the Guide
Featured Resource

Ring Size Guide & Sizer

Download Guide

It’s a common misconception that you can’t find a quality diamond ring unless you have a budget of tens of thousands of dollars. Finding a great diamond can be a matter of hard work, research and the advice of a trusted jeweller.


With the right strategy, you can even shop for diamonds with a budget of less than $5,000.


However, there are a few things buyers should remember when shopping for less expensive stones. Here are five mistakes to avoid if you’re buying on a budget.



1. Unknowingly Buying Treated Stones


Clarity enhancements are common among lower-quality diamonds. Diamond clarity refers to the presence of internal and external imperfections in the diamond, many of which can be masked by ‘treatments’ like:


Deep Boiling the diamond under pressure to replace black-filled inclusions that reach the stone’s surface.


Laser Drilling the diamond to burn away inclusions that don’t reach the stone’s surface. This leaves a ‘tunnel’ passageway which is noticeable under a microscope.


Fracture Filling inclusions with a silicon-based formula to ‘fill’ their imperfections.



2. Not Understanding Its Cost


Knowing why your ring costs what it does is one of the most important lessons in diamond shopping. You may see a 1 carat diamond with top ratings for cut, clarity and colour that costs $15,000. That same great quality diamond, with a carat weight of 0.80 points might only cost $8,000.


When you understand how every element of a diamond’s quality affects its price, you can make smarter buying choices to save money.



3. Making the Wrong Quality Sacrifices


Shopping for less expensive diamonds can mean making a few quality sacrifices. Whether it’s buying a 0.75 carat stone instead of a 1.0 carat diamond, or buying one with an SI1 (slightly included 1) clarity rating instead of an FL (flawless) grade, you need to weigh up what quality sacrifices will have the least impact on the overall appearance of your ring.



4. Assuming a Jeweller is Too Expensive


Another common mistake buyers make is assuming that a physical jeweller will be out of their price range. This most certainly isn’t the case.


In fact, the advice of a trusted local jeweller can be the best way to find the perfect ring for your budget. You can find a Q Certified Jeweller in your area here. They’ll be able to work within your price range and offer expert advice to ensure you find just what you’re looking for.



5. Not Getting Jewellery Insurance


You may not have paid tens of thousands of dollars for your engagement ring, but it’s priceless in sentimental value and deserves to be protected. Unfortunately, a lot of people wrongly assume that their jewellery is covered under their home and contents insurance policies, but don’t realise that this cover has severe limitations (like not even covering the piece when it’s outside the home!) 


This video outlines a few of the ways specialised jewellery insurance like Q Report is different to general home and contents insurance policies.



New call-to-action

Jewellery Insurance Instant Quote


Jewellery Insurance Instant Quote




Related Articles

10 Facts You Need To Know About Engageme...

When you first start shopping for an engagement ring, you might feel that y...

Engagement Ring Insurance: The Do’s and ...

Yellow gold or white gold? Pear-shaped or oval? Wedding band or no?


Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.

Engagement Ring Budget Calculator

What you need to save to meet your timeframe and budget is:

This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.

Not sure where to start?

Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.

Find your local jeweller
How much would insurance cost?
Get an instant quote