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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. 

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Expert Tips on How to Keep Your Rings Safe

Q Report Team

Updated on October 06, 2022
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Expert Tips on How to Keep Your Rings Safe


Posted on Bride to Be

Just the thought of losing your sparkler sends shivers down your spine… Not to mention that beautiful heirloom bracelet passed down to you through the generations. That’s why we turned to jewellery insurance expert Kim Ridley from Q Report Jewellery Insurance to share her tips on protecting your most precious pieces.

Why is it a good idea to insure specific items of jewellery, rather than simply putting it under your home and contents cover?

Insurance companies see your home like a box with things in it, and while that might be fine for a fridge and a TV, we don’t believe you can use this approach for your jewellery. We take in to account craftsmanship and quality. Most jewellery owned is received as a gift, and, if we had a loss, we wouldn’t want to be sent to some random jeweller to replace it!

How does Q Report provide a competitive solution to existing jewellery insurance options?

Home insurance covers everything in your home. Jewellery is not what they do well because they are not jewellers. A lot of people do not read the fine print on their home insurance - sometimes they are only covered for $1000 per item, up to a total of $5000 in some cases. We have a near perfect description and photo of your item before we insure it, and then we only charge a 2.5% + GST premium to cover it for loss damage, anywhere in the world, for 12 months. This is dramatically less than home insurance policies.

How does this type of specific ring insurance work?

Either you ask your jeweller if they are Q certified, or speak to us directly via a phone call or email. We ask for either a receipt or any documents you have, and a picture. Then we are ready to organise cover, which normally takes about three minutes. What you paid is what you will have in the event of a loss; you will be able to return to your jeweller, and not a jeweller chosen by the insurance company. and you’ll have worldwide cover - and the confidence to wear your engagement ring knowing it is protected.

If the jewellery is not new (for example, a heirloom piece), is it worth insuring? What is the process for insuring such pieces?

It’s all about making it simple. You might have an existing valuation, and if you do, we can work with those. If not we will direct you to someone nearby who can help. Once we have the specifications, we can determine insured values. Add a few pictures and you’re covered!

We hear lots of stories of grooms-to-be who leave the ring at home when proposing on holiday because they’re worried about losing it. Can a groom insure the ring before it leaves the shop?

This just makes us shake our heads! It’s all about the moment. If the groom-to-be has gone to the effort of crafting an engagement ring, he needs to be able to go anywhere he wants to propose. He has enough worries just doing it - let’s not add the fear of losing it! We work with 300 of the top jewellers across Australia. The Q certified jeweller can definitely cover the item before the groom leaves the store. If he does not go to a Q Certified jeweller, he can call our head office and our team can look after him with ease, issuing him with a cover note number.

Do insurance costs go up after a certain amount of time if the item is re-evaluated to be worth more than the original purchase price?

No. Jewellery doesn’t go up automatically, it is dependent on the price of the gemstone, metal, labour, inflation and exchange rates. In many cases it stays the same year after year. The idea that an heirloom piece will go up is not necessarily true. It all depends on the quality and rarity of the item. Q Report Jewellery Insurance ensures that you are covered in all aspects. Jewellery needs to be re-valued each year due to the market changes – we capture all the item specifications at the time of taking out the policy so we can offer you the renewal at the market price each year without you having to think about this. Our agreed value policy leaves no question to what you will be paid if you have a complete loss. We pay the full amount, less the $100 excess, and ensure your chosen jeweller is the one you want to be directed to, once the claim is approved.

What is the best way to protect your jewellery from loss and damage while travelling?

It’s about sticking to a set routine. When we travel, we are out of our normal routine and our own home where we are used to just dropping things next to our beds! The biggest problem is you come back to your room exhausted from sightseeing and you just drop things whenever you are standing. When you travel with expensive jewellery, wear the items as much as possible, it’s always safest on you. If you are in a country or place where you sense a little unease turn your ring around so no showy stones are visible. You should have one place where you take off your jewellery every night and place it either in the safe with your passport, or again in the same place that you keep your passport. Never leave jewellery just sitting on a cabinet in a hotel room, it’s asking for trouble. Last but not least, before you walk out of your room to checkout, take count of your jewellery, passport and money. A good trick is to count how many items you took away with you and then do the count again! In terms of taking care of jewellery, the same rules apply as at home. Keep hairspray and nail polish remover away from coloured gemstones especially emeralds and pearls.

What are some of the other simple ways you can protect your ring?

A well-made item of jewellery should not need physical protection, it should be made to be worn and enjoyed. Obviously if you are not careful, however, you will damage it. Rings should not be worn when going to the gym or doing renovation work or gardening. Fine chains and earrings should not be worn in the surf. If it’s a delicate item, than treat it accordingly. Harsh chemicals can coat, and even corrode, some jewellery, and nail polish remover is a killer. So use common sense and take reasonable care: forewarned is forearmed! We would always suggest an annual visit to your family jeweller, to make sure the claws are secure, and that the jewellery hasn’t been damaged or compromised in terms of its structural integrity.

Are couples able to continue protecting their jewellery with Q Report if they decide to relocate outside Australia?

If you are an Australian resident you can continue to insure your jewellery with us. If you are a tourist, we can only insure you for 12 months. Our insurance cost is 2.5% +gst if the agreed value is on the policy. If the market moves up at time of renewal the cost of the policy is calculated again by 2.5% +GST.

How can couples ensure that they are getting value for money when purchasing jewellery insurance?

Easy - ask whoever you use for the terms they cover! Is it worldwide for 12 months or just 30 days? Is it an agreed value policy or do they determine the settlement figure? Can they direct you to a jeweller of their choice? We all have an expectation of what our insurance should cover. Write your own list and then ask your insurer, or even go online and find out questions others have asked. Value for money is determined on the basis of whether the policy did what you expected it to do at a reasonable price. We don’t assume that ours is the right policy for everyone.

QREPocket.jpg

 

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
Related Posts
Featured Posts
avatar_light
Jewellery Insurance

Instant Quote
play-audio
Listen to article
/

Expert Tips on How to Keep Your Rings Safe


Posted on Bride to Be

Just the thought of losing your sparkler sends shivers down your spine… Not to mention that beautiful heirloom bracelet passed down to you through the generations. That’s why we turned to jewellery insurance expert Kim Ridley from Q Report Jewellery Insurance to share her tips on protecting your most precious pieces.

Why is it a good idea to insure specific items of jewellery, rather than simply putting it under your home and contents cover?

Insurance companies see your home like a box with things in it, and while that might be fine for a fridge and a TV, we don’t believe you can use this approach for your jewellery. We take in to account craftsmanship and quality. Most jewellery owned is received as a gift, and, if we had a loss, we wouldn’t want to be sent to some random jeweller to replace it!

How does Q Report provide a competitive solution to existing jewellery insurance options?

Home insurance covers everything in your home. Jewellery is not what they do well because they are not jewellers. A lot of people do not read the fine print on their home insurance - sometimes they are only covered for $1000 per item, up to a total of $5000 in some cases. We have a near perfect description and photo of your item before we insure it, and then we only charge a 2.5% + GST premium to cover it for loss damage, anywhere in the world, for 12 months. This is dramatically less than home insurance policies.

How does this type of specific ring insurance work?

Either you ask your jeweller if they are Q certified, or speak to us directly via a phone call or email. We ask for either a receipt or any documents you have, and a picture. Then we are ready to organise cover, which normally takes about three minutes. What you paid is what you will have in the event of a loss; you will be able to return to your jeweller, and not a jeweller chosen by the insurance company. and you’ll have worldwide cover - and the confidence to wear your engagement ring knowing it is protected.

If the jewellery is not new (for example, a heirloom piece), is it worth insuring? What is the process for insuring such pieces?

It’s all about making it simple. You might have an existing valuation, and if you do, we can work with those. If not we will direct you to someone nearby who can help. Once we have the specifications, we can determine insured values. Add a few pictures and you’re covered!

We hear lots of stories of grooms-to-be who leave the ring at home when proposing on holiday because they’re worried about losing it. Can a groom insure the ring before it leaves the shop?

This just makes us shake our heads! It’s all about the moment. If the groom-to-be has gone to the effort of crafting an engagement ring, he needs to be able to go anywhere he wants to propose. He has enough worries just doing it - let’s not add the fear of losing it! We work with 300 of the top jewellers across Australia. The Q certified jeweller can definitely cover the item before the groom leaves the store. If he does not go to a Q Certified jeweller, he can call our head office and our team can look after him with ease, issuing him with a cover note number.

Do insurance costs go up after a certain amount of time if the item is re-evaluated to be worth more than the original purchase price?

No. Jewellery doesn’t go up automatically, it is dependent on the price of the gemstone, metal, labour, inflation and exchange rates. In many cases it stays the same year after year. The idea that an heirloom piece will go up is not necessarily true. It all depends on the quality and rarity of the item. Q Report Jewellery Insurance ensures that you are covered in all aspects. Jewellery needs to be re-valued each year due to the market changes – we capture all the item specifications at the time of taking out the policy so we can offer you the renewal at the market price each year without you having to think about this. Our agreed value policy leaves no question to what you will be paid if you have a complete loss. We pay the full amount, less the $100 excess, and ensure your chosen jeweller is the one you want to be directed to, once the claim is approved.

What is the best way to protect your jewellery from loss and damage while travelling?

It’s about sticking to a set routine. When we travel, we are out of our normal routine and our own home where we are used to just dropping things next to our beds! The biggest problem is you come back to your room exhausted from sightseeing and you just drop things whenever you are standing. When you travel with expensive jewellery, wear the items as much as possible, it’s always safest on you. If you are in a country or place where you sense a little unease turn your ring around so no showy stones are visible. You should have one place where you take off your jewellery every night and place it either in the safe with your passport, or again in the same place that you keep your passport. Never leave jewellery just sitting on a cabinet in a hotel room, it’s asking for trouble. Last but not least, before you walk out of your room to checkout, take count of your jewellery, passport and money. A good trick is to count how many items you took away with you and then do the count again! In terms of taking care of jewellery, the same rules apply as at home. Keep hairspray and nail polish remover away from coloured gemstones especially emeralds and pearls.

What are some of the other simple ways you can protect your ring?

A well-made item of jewellery should not need physical protection, it should be made to be worn and enjoyed. Obviously if you are not careful, however, you will damage it. Rings should not be worn when going to the gym or doing renovation work or gardening. Fine chains and earrings should not be worn in the surf. If it’s a delicate item, than treat it accordingly. Harsh chemicals can coat, and even corrode, some jewellery, and nail polish remover is a killer. So use common sense and take reasonable care: forewarned is forearmed! We would always suggest an annual visit to your family jeweller, to make sure the claws are secure, and that the jewellery hasn’t been damaged or compromised in terms of its structural integrity.

Are couples able to continue protecting their jewellery with Q Report if they decide to relocate outside Australia?

If you are an Australian resident you can continue to insure your jewellery with us. If you are a tourist, we can only insure you for 12 months. Our insurance cost is 2.5% +gst if the agreed value is on the policy. If the market moves up at time of renewal the cost of the policy is calculated again by 2.5% +GST.

How can couples ensure that they are getting value for money when purchasing jewellery insurance?

Easy - ask whoever you use for the terms they cover! Is it worldwide for 12 months or just 30 days? Is it an agreed value policy or do they determine the settlement figure? Can they direct you to a jeweller of their choice? We all have an expectation of what our insurance should cover. Write your own list and then ask your insurer, or even go online and find out questions others have asked. Value for money is determined on the basis of whether the policy did what you expected it to do at a reasonable price. We don’t assume that ours is the right policy for everyone.

QREPocket.jpg

 

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

Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum voluptate velit esse.

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

Export
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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Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

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
0%

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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