<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1" alt="facebook">
Q Insights

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


Jewellery Insurance

How To Solve Everyday Dilemmas With Jewellery Insurance

Welcome to our guide on navigating everyday jewellery dilemmas with the hel...

Is Watch & Jewellery Theft on the Rise in 2024?

Concerned about the rise in watch and jewellery theft in 2024? A surge in t...

The Sentimental Value of Insuring Your Jewellery

Jewellery can be more than a style choice. Our most precious pieces are a r...

Insurance Basics

Five Out of Five: The Top 20 Q Report Insurance Reviews

Our customers speak from the heart, and when it comes to your precious jewe...

What is a ‘No Impact Claim’ in Jewellery Insurance?

How would you feel if you lost your favourite piece of jewellery?

Does Jewellery Insurance Cover Natural Disasters?

Floods, cyclones, bushfires and hailstorms. All of these natural disasters ...

Luxury Watches

The Essential Guide To Longines Watches

For over a century and a half, Longines watches have captivated collectors ...

Professional vs. DIY Watch Repairs: When to Seek Expert Help

Is your luxury watch not working quite the way it should? No need to panic.

10 Classic Watches Every Collector Should Own

Are you dreaming of building a classic watch collection? With so many iconi...

Jewellery Trends

The Enduring Appeal of Black Gemstone Jewellery

Black gemstone jewellery has an enigmatic allure that captivates the senses...

How To Create Stunning Looks With Pearls

Are you wondering "how do I style pearls?" Step into the world of timeless ...

Jewellery Trends in 2024: Big and Bold Statement Looks

What are the hottest jewellery trends for 2024? Step into the world of haut...


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

Engagement Rings

20 of the Best Engagement Present Ideas

Planning a gift for an engaged couple can feel like a high-stakes treasure ...

How to Find the Perfect Australian Wedding Photographer

Picture this: the soft morning light filtering through the lace curtains as...


Live Your Life in Colour: Canary Diamond Engagement Rings

Do you know diamonds come in a wide range of colours?

Lab Grown vs Natural Diamonds (What's the Difference?)

When most people think of diamonds, they think of natural diamonds.

The Surprising Science Behind Diamond Cutting

A natural diamond is as rich in history as it is in beauty. From the moment...


Proposing at Home: Do’s and Don’ts

According to a 2019 survey of 20,000 newly-engaged couples, 21 percent of p...

Are Diamonds a Good Investment?

Most people don’t consider buying diamonds until it’s time to purchase an e...

Brisbane’s Top 10 Proposal Locations

Your heart’s all a-flutter and it’s hard to sit still. So you’ve decided to...

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

In the realm of precious jewellery, safeguarding your valuable pieces takes centre stage. Whether it's an exquisite engagement ring or a cherished heirloom necklace, comprehensive insurance coverage offers the reassurance of security and financial peace of mind.

In this article, we will delve into the essential aspects of jewellery insurance, including the significance of jewellery appraisal, the must-have features of insurance providers, and key cost factors to consider. Whether you're an experienced jewellery collector or a newly engaged couple, join us as we explore the world of jewellery insurance in 2023 and uncover the protection your treasured pieces deserve.


How much is your jewellery worth?

To get your jewellery insured, you'll need to know its worth––this will help you determine the amount of specialised jewellery insurance required. It's best to consult a professional jeweller or a certified appraiser who can assess its worth based on various factors. They have the expertise and knowledge to provide accurate valuations based on current market trends and industry standards.

You'll find that the value of your jewellery will vary greatly depending on factors such as the type of jewellery, the materials used, the quality of gemstones or precious metals, brand reputation, craftsmanship, and market demand. 


How is your jewellery appraised?

When you're ready to have your jewellery appraised, the following steps will generally take place: 

  1. Find a Qualified Appraiser: Find a reputable and certified jewellery appraiser with qualifications, expertise, and experience. Appraisers with recognised credentials, such as those from gemological institutions like the Gemological Institute of America (GIA), are often preferred.

  2. Schedule an Appointment: Contact the appraiser and schedule an appointment to appraise your jewellery. It is advisable to bring all relevant documentation, such as receipts, certificates, or any previous appraisals, along with the jewellery you want appraised.

  3. Examination and Identification: The appraiser will carefully examine your jewellery to identify its components, such as gemstones, metals, and other features or craftsmanship. They will assess the quality and characteristics of these components, including factors like colour, clarity, cut, carat weight, metal purity, and overall condition.

  4. Research and Analysis: The appraiser will research to determine the market value of your jewellery––this involves analysing current market trends, comparable sales data, and other relevant factors that influence the value of similar jewellery pieces.

  5. Documentation and Report: Once the appraisal is complete, the appraiser will provide you with a detailed report that includes all relevant information about your jewellery, including its description, measurements, gemstone grades, metal composition, and an assigned value. This report is official appraisal documentation for jewellery insurance purposes, resale, or personal reference.

  6. Fees and Insurance: Appraisers typically charge a fee for their services, which may depend on factors such as the complexity of the appraisal and the appraiser's expertise. Discussing the fees upfront and clarifying any additional costs associated with the appraisal is essential. If you plan to insure your jewellery, you can provide the appraisal report to your insurance provider to determine the appropriate coverage and premiums.

Tip: Engage in a jewellery appraisal annually to account for market value changes and ensure that your insurance coverage accurately reflects the current worth of your jewellery. Specialised jewellery insurance provider Q Report, can help you there. Their specialised jewellery insurance includes a yearly revaluation, so you'll always be covered at the correct value.


The Must-Haves of Jewellery Insurance

The next step is finding a jewellery insurance provider. You'll want to do your research and compare the options out there. As a guideline and for maximum benefit, you'll want to ensure your policy has the following must-haves. Doing so will ensure that you are covered in every situation––no ifs, ands or buts:

  • Loss coverage

  • Theft coverage

  • Damage coverage

  • Mysterious disappearance coverage

  • Natural disaster coverage

  • Worldwide coverage

  • Annual revaluation

  • Agreed value policy

  • Additional cover

  • Low, fixed excess

  • No impact claims

  • Dedicated in-house claims consultant

  • Satisfaction guaranteed

  • 5-star service

It is often impossible to tick off everything above with your home and contents insurance policy, so opting for a provider that specialises in jewellery insurance will be your best bet.


How Much Does Coverage Cost?

The cost of jewellery insurance can vary depending on various factors, such as the value of the jewellery, the type of coverage, the insurance provider, and your location. Generally, jewellery insurance is priced as a percentage of the appraised value of the jewellery. However, to get an accurate cost estimate for jewellery insurance, you should contact multiple insurance providers and request quotes based on your specific piece.

Remember, while cost is a significant factor, it's also crucial to consider the insurance provider's coverage terms, policy limits, deductibles, and reputation when selecting jewellery insurance.



Protecting your precious jewellery through comprehensive insurance coverage ensures peace of mind and financial security. Whether you own an engagement ring representing a significant milestone in your love story or possess cherished heirloom pieces that hold deep sentimental value, jewellery insurance offers protection against loss, theft, or damage.

By understanding the key aspects of jewellery insurance, such as jewellery appraisal, selecting reputable insurance providers, and considering cost factors, you can make informed decisions to safeguard your valuable assets. 

Want to know more? Head straight to the source and contact Q Report directly for the most accurate and up-to-date information on the features included in their specialised jewellery insurance policy.


New call-to-action

Jewellery Insurance Instant Quote


Jewellery Insurance Instant Quote




Related Articles

The Essential Guide To Longines Watches

For over a century and a half, Longines watches have captivated collectors ...

What to Do When You Inherit Jewellery: T...

Inheriting jewellery is a bittersweet experience. It's a special reminder o...

The Science Behind The Sparkle: Understa...

A diamond's brilliance is its lifeblood. It's the magic that draws us in, t...

Read what's next

Vector (25)

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