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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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Why Your Jewellery Store Should Offer Jewellery Insurance

Q Report Team

Updated on October 06, 2022
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Most people have a sentimental connection to their jewellery. Each piece comes with a story and represents a significant milestone in their lives, whether it’s their first pair of diamond earrings, a watch or that irreplaceable engagement ring.

Even though jewellery holds so much monetary and sentimental value, around 40% of households that own an engagement ring do not have jewellery insurance to protect it.

And yet it’s startling to think that one-third consider their engagement ring as one of the most expensive items they own – among investments such as their home or vehicle.

Many people include their jewellery in their home insurance, but most home insurance policies will only cover you for $1000 or $2000, regardless of the value of your jewellery. Can you imagine losing or damaging a $5000 or $10,000 ring and only getting $1000 back for it? That’s the reality with home insurance. Many Australians do not keep receipts of their jewellery, so it’s often a problem if they need to make a claim, in terms of proof of purchase.

In fact, here are the top 5 ways people lose their jewellery:


In the ocean

When your body’s cold, it tends to contract and shrink, making it very easy to lose your ring at the beach.

 

General housework

Losing a ring whilst cleaning or cooking happens far more often than you realise. One minute you’re washing the dishes in soapy water, the next minute you realise a stone is missing from the ring.

 

Sports and outdoor activities

Whether you’re going swimming, playing netball or hockey, or going to the gym, rather leave your precious rings at home. You could easily distort your rings when doing weights at the gym.

 

Simple misplacement

If your ring isn’t on your finger, it needs a safe designated place. There have been many cases where a ring has been placed on a bench for a second, only for it to disappear. This happens quite often at public toilets or at a party. When people travel and they are tired, their memory is shot. Make it a habit when you travel to have only one place to put your ring when you take it off, like the safe in the room.

 

Theft

Whether you’re travelling, at a party, at work, or even at home, never leave your jewellery unattended or in a vulnerable position. Unfortunately, some people are opportunists and seeing a beautiful diamond ring carelessly left on a table or counter is just too tempting not to swipe.

Here’s why your jewellery store should offer insurance policies:

Not everyone appreciates the importance of jewellery insurance until it’s too late. As a jewellery retailer or owner of a jewellery store, the above tips are always great to share with your customers. It’s up to you to ensure your customers have the best possible service – and that includes diamond ring insurance. Q Report offers specially developed insurance policies for your customer’s jewellery insurance needs.

 

 

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
/

 

Most people have a sentimental connection to their jewellery. Each piece comes with a story and represents a significant milestone in their lives, whether it’s their first pair of diamond earrings, a watch or that irreplaceable engagement ring.

Even though jewellery holds so much monetary and sentimental value, around 40% of households that own an engagement ring do not have jewellery insurance to protect it.

And yet it’s startling to think that one-third consider their engagement ring as one of the most expensive items they own – among investments such as their home or vehicle.

Many people include their jewellery in their home insurance, but most home insurance policies will only cover you for $1000 or $2000, regardless of the value of your jewellery. Can you imagine losing or damaging a $5000 or $10,000 ring and only getting $1000 back for it? That’s the reality with home insurance. Many Australians do not keep receipts of their jewellery, so it’s often a problem if they need to make a claim, in terms of proof of purchase.

In fact, here are the top 5 ways people lose their jewellery:


In the ocean

When your body’s cold, it tends to contract and shrink, making it very easy to lose your ring at the beach.

 

General housework

Losing a ring whilst cleaning or cooking happens far more often than you realise. One minute you’re washing the dishes in soapy water, the next minute you realise a stone is missing from the ring.

 

Sports and outdoor activities

Whether you’re going swimming, playing netball or hockey, or going to the gym, rather leave your precious rings at home. You could easily distort your rings when doing weights at the gym.

 

Simple misplacement

If your ring isn’t on your finger, it needs a safe designated place. There have been many cases where a ring has been placed on a bench for a second, only for it to disappear. This happens quite often at public toilets or at a party. When people travel and they are tired, their memory is shot. Make it a habit when you travel to have only one place to put your ring when you take it off, like the safe in the room.

 

Theft

Whether you’re travelling, at a party, at work, or even at home, never leave your jewellery unattended or in a vulnerable position. Unfortunately, some people are opportunists and seeing a beautiful diamond ring carelessly left on a table or counter is just too tempting not to swipe.

Here’s why your jewellery store should offer insurance policies:

Not everyone appreciates the importance of jewellery insurance until it’s too late. As a jewellery retailer or owner of a jewellery store, the above tips are always great to share with your customers. It’s up to you to ensure your customers have the best possible service – and that includes diamond ring insurance. Q Report offers specially developed insurance policies for your customer’s jewellery insurance needs.

 

 

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

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.

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.

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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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