<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

Key Questions to Ask When Choosing Jewellery Insurance

When selecting jewellery insurance, asking the right questions can help you...

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...

Insurance Information

Luxury Watches

The Surprising Hidden Features of Luxury Watches

Luxury watches are all about style and prestige. But below the surface lies...

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.

Jewellery Trends

The Ultimate Guide To Using an Ultrasonic Jewellery Cleaner

You've built a collection of luxury jewellery that reflects your unique sty...

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 ...

Subscribe

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

Engagement Rings

Should You Buy a Moissanite Engagement Ring?

Gone are the days when engagement rings were a one-size-fits-all affair! To...

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...

Diamonds

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...

General

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

Having your jewellery revalued on a regular basis ensures that your precious pieces are fully insured at all times.

 

The value of your jewellery is affected by a number of factors. This can include current market prices and trends, changes to the cost and value of metals, and precious and semi-precious stones, and margins and currency exchange rates. These factors can lead to your jewellery appreciation in value or depreciation in value.

Here is a list of important tasks to tick off that will ensure your jewellery is properly revalued:

 

    1. Finding a Valuer

Take your jewellery to your preferred or family jeweller and ask them to prepare a current valuation or appraisal. If you don’t have a jeweller, look for a registered valuer in your area who is experienced, skilled and able to issue you with an appraisal or valuation certificate. 

 

    2. Existing Documentation

Do you have a diamond grading certificate? These documents will assist in accurately identifying the specifications of your item. The more documentation you are able to provide, the more accurate the valuation will be. Sometimes an old valuation will need to be revised as it make lack details which we require, which may have not been included many years ago.

 

    3. Photographs

One of the most important elements of a valuation is photographs. Ideally, make sure your valuation includes at least two photographs of the item of jewellery. If there are any unique aspects to the item, such as superior craftsmanship on the underside that holds the stones, this too should be photographed. We often ask for a top down view and a side view, which allows us to appreciate the workmanship and specific features that a jeweller has incorporated into your jewellery that could greatly increase its value.

 

    4. Stone Treatment

It’s critical that the jeweller/valuer is able to determine whether a stone has been treated or not. The diamond market has introduced Lab grown, so jewellers need a special diamond tester to determine if it is a natural or Lab grown diamond.

Emerald stones are often oiled, which is an acceptable treatment and actually goes a long way in determining if it is a natural emerald. Ruby and sapphire stones are predominately heat treated to enhance their colour, and again a very acceptable treatment. However, if you possess a beautiful ruby or sapphire that has not been heat treated, it could be worth ten times more – so ensure that any treatment of stones is correctly identified.

 

    5. Unique Pieces

Is the item of jewellery a piece you inherited? If the item has a signature from the jeweller, it could indicate the age of the piece which, in turn, could greatly increase the value of the item. When dealing with antique pieces, even including the old jewellery box or pouch can add to the authenticity of the antique. Always look for Hallmarks which give clues to who was the jeweller and the age of an item.

 

    6. Clean Thoroughly

When it comes to modern jewellery, it’s important that the item is cleaned before it’s valued. However, the reverse is true with antiques - it's best to leave them alone to show their age and character. The term “Patina” refers to the natural wear on the surface of an antique, which gives it its character and gives an insight into whether it is a real antique or a reproduction . A diamond ring, which may be dirty or badly worn, could be hiding an incredibly clean, high-coloured diamond.

A diamond ring which was estimated to be valued between $3000 and $5000 was properly assessed after it was cleaned. It became apparent that although the ring was worn, the diamond was of exceptional quality and worth more than $25,000.

 

    7. Over / Undervaluing

There is a fine line between overvaluing and undervaluing an item. If the jeweller/valuer overvalued your jewellery, you end up paying unnecessarily high insurance premiums. Conversely, if the item is undervalued, in the event of a claim you won’t have enough coverage to replace the item ‘like-for-like’. Traditionally, insurance companies put the onus on you to have the item properly valued – so it’s important to get the value right.

 

    8. Regularly Update the value

Most insurers tend not to ask for updated valuations over time. But the value of your jewellery will change over time. This can leave you exposed in the event of a claim. Pink diamonds, for example, have increased in value so radically over the past two years, that owners of pinks who have not updated their valuations will most certainly be underinsured. Even fluctuations in the AUD exchange rate will have a direct impact on the market price of your jewellery and therefore your ability to replace an item in the event of a claim. So keep your eye on exchange rate fluctuations if you have a significant jewellery collection.

 

At Q Report, we have expert jewellery consultants with access to current market prices and costs. Our specialised jewellery insurance includes a complimentary annual revaluation of your insured jewellery to ensure that you are always adequately covered. Additionally, Q Report covers you for up to 150% of the insured value on Q Classic policies. This means that if you need to make a claim and your jewellery cannot be replaced for the insured value, Q Report has the ability to draw on an additional 50% buffer to ensure that you can be in the same position you were in prior to the claim.

 

Simply contact us to find out more about this unique policy.

 

Try our free Jewellery Insurance Quote Tool

 

Jewellery Insurance Instant Quote

Get an instant quote below. Questions, call us anytime on 1300 882 018

Global-Calculator-Background_resized

Jewellery Insurance Instant Quote

PLEASE CONFIRM YOUR DETAILS AND SELECT THE BEST TIME FOR US TO CALL YOU

BACK TO YOUR QUOTE

SEE WHAT OUR CUSTOMERS SAY ABOUT US

Related Articles

Key Questions to Ask When Choosing Jewel...

When selecting jewellery insurance, asking the right questions can help you...

Should You Buy a Moissanite Engagement R...

Gone are the days when engagement rings were a one-size-fits-all affair! To...

The Surprising Hidden Features of Luxury...

Luxury watches are all about style and prestige. But below the surface lies...

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