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Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Jewellery, engagement ring & watch advice, plus insurance tips & industry insights. 

Watch expert tips, discover insurance benefits & hear real customer stories. 

Find answers to common questions about jewellery, engagement ring & watch insurance. 

Click here to access important policy documents - Product Disclosure Statement, Financial Services Guide, and Policy Wording.

Click here to access the Target Market Determination (TMD) document.

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Here’s Why You Should Consider Engagement Ring Insurance

Q Report Team

Updated on March 21, 2025
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If you’re about to pop the question, your biggest concern is likely to be whether she’s going to say yes.

But have you given any thought to what will happen once the ring is on her finger? 

In the excitement following an engagement, insurance is probably the last thing on your mind. However, an engagement ring isn’t just a symbol of your commitment to spend the rest of your life with the one you love. It’s also a valuable piece of jewellery. And if it went missing, it might be difficult to replace.

So before you get down on one knee, it’s worth thinking about getting engagement ring insurance.

Should you insure your engagement ring?

Of course, we hope nothing happens to your engagement ring. But if it were lost, could you afford to replace it?

An engagement ring is often a significant investment. And with many people choosing to propose with a family heirloom, or incorporate a meaningful stone in their ring, it can be even more devastating if the unfortunate were to happen.

Remember, this may be the first time your partner is wearing a ring regularly. Even the most careful of people misplace things every now and then - all it takes for the worst to happen is for her to remove it to wash her hands and leave it behind.

The last thing you want is for your fiancee to be worried about losing or damaging her engagement ring. She’s going to want to show it off, not think about it slipping off her finger or getting misplaced every time she’s out.

And if you’re planning on popping the question overseas, it’s even more important to make sure you’re covered. Travel insurance is unlikely to cover high-value items and it’d be terrible to propose on the beach in Hawaii only to have the ring go missing.

What is engagement ring insurance?

Engagement ring insurance comes under jewellery insurance and is designed to cover the loss, theft or damage of your valuables.

Losing your engagement ring would understandably be devastating. If the unfortunate happens, jewellery insurance will cover the replacement or repair of your ring. Rather than have her worrying about wearing her ring when out and about, this will give her confidence that if anything were to happen, jewellery insurance will cover it.

How to arrange jewellery insurance?

Just like you wouldn’t drive a new car off the lot without insurance, you should think about getting engagement ring insurance from the moment you pick up your ring from the jeweller. After all, it’s not unheard of for the engagement ring to go missing before popping the question (or, in some unfortunate examples, even during the proposal).

Some content insurance policies will let you add specified items to the existing policy, for an additional fee. However, there may be restrictions on events that are covered or the level of cover for any single item.

Why use Q Report?

Q Report works closely with many jewellers and engagement ring consultants so you can be covered the moment you walk out the door. And any repairs can be done by the original jeweller. As engagement ring consultants ourselves, we appreciate being able to repair or remake the rings we designed, as we understand how they’ve been created and the special meaning behind them.

You’re also insured for special and heirloom jewellery. While it may be impossible to cover the loss of your grandmother’s ring, Q Report will help to restore as much as possible and they’re dedicated to making the process simple.

Losing your jewellery would be upsetting enough without having to worry about insurance problems when you claim. Q Report is a speciality jewellery insurer and they’ll work with you to replace or repair your ring as soon as possible with a low excess. They offer worldwide coverage, which means if in the unlucky event the engagement ring goes missing on the honeymoon, you’ll be covered.

To help make sure you always have enough coverage, Q Report offers a free annual revaluation and they offer a replacement for up to 150% of the value of your engagement ring, so if it costs a bit more to replace it than what it is insured for, you’re still covered.

Written by: Ashley Portas 

Ashley Portas is a leading engagement and wedding ring consultant in Brisbane. He started Diamondport to offer high-quality rings, made in Australia by true master craftsmen. Whether you want custom rings or one of their beautiful designs, they’ll help make the most important decision of your life as smooth as possible.

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Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

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Jewellery Insurance

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Listen to article
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If you’re about to pop the question, your biggest concern is likely to be whether she’s going to say yes.

But have you given any thought to what will happen once the ring is on her finger? 

In the excitement following an engagement, insurance is probably the last thing on your mind. However, an engagement ring isn’t just a symbol of your commitment to spend the rest of your life with the one you love. It’s also a valuable piece of jewellery. And if it went missing, it might be difficult to replace.

So before you get down on one knee, it’s worth thinking about getting engagement ring insurance.

Should you insure your engagement ring?

Of course, we hope nothing happens to your engagement ring. But if it were lost, could you afford to replace it?

An engagement ring is often a significant investment. And with many people choosing to propose with a family heirloom, or incorporate a meaningful stone in their ring, it can be even more devastating if the unfortunate were to happen.

Remember, this may be the first time your partner is wearing a ring regularly. Even the most careful of people misplace things every now and then - all it takes for the worst to happen is for her to remove it to wash her hands and leave it behind.

The last thing you want is for your fiancee to be worried about losing or damaging her engagement ring. She’s going to want to show it off, not think about it slipping off her finger or getting misplaced every time she’s out.

And if you’re planning on popping the question overseas, it’s even more important to make sure you’re covered. Travel insurance is unlikely to cover high-value items and it’d be terrible to propose on the beach in Hawaii only to have the ring go missing.

What is engagement ring insurance?

Engagement ring insurance comes under jewellery insurance and is designed to cover the loss, theft or damage of your valuables.

Losing your engagement ring would understandably be devastating. If the unfortunate happens, jewellery insurance will cover the replacement or repair of your ring. Rather than have her worrying about wearing her ring when out and about, this will give her confidence that if anything were to happen, jewellery insurance will cover it.

How to arrange jewellery insurance?

Just like you wouldn’t drive a new car off the lot without insurance, you should think about getting engagement ring insurance from the moment you pick up your ring from the jeweller. After all, it’s not unheard of for the engagement ring to go missing before popping the question (or, in some unfortunate examples, even during the proposal).

Some content insurance policies will let you add specified items to the existing policy, for an additional fee. However, there may be restrictions on events that are covered or the level of cover for any single item.

Why use Q Report?

Q Report works closely with many jewellers and engagement ring consultants so you can be covered the moment you walk out the door. And any repairs can be done by the original jeweller. As engagement ring consultants ourselves, we appreciate being able to repair or remake the rings we designed, as we understand how they’ve been created and the special meaning behind them.

You’re also insured for special and heirloom jewellery. While it may be impossible to cover the loss of your grandmother’s ring, Q Report will help to restore as much as possible and they’re dedicated to making the process simple.

Losing your jewellery would be upsetting enough without having to worry about insurance problems when you claim. Q Report is a speciality jewellery insurer and they’ll work with you to replace or repair your ring as soon as possible with a low excess. They offer worldwide coverage, which means if in the unlucky event the engagement ring goes missing on the honeymoon, you’ll be covered.

To help make sure you always have enough coverage, Q Report offers a free annual revaluation and they offer a replacement for up to 150% of the value of your engagement ring, so if it costs a bit more to replace it than what it is insured for, you’re still covered.

Written by: Ashley Portas 

Ashley Portas is a leading engagement and wedding ring consultant in Brisbane. He started Diamondport to offer high-quality rings, made in Australia by true master craftsmen. Whether you want custom rings or one of their beautiful designs, they’ll help make the most important decision of your life as smooth as possible.

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Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

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Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

bulb
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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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