7 Things you need to know about Gems and Precious Stone Jewelry Insurance
Diamonds are the most valuable gemstones in the world. Diamonds are diamonds that are carefully honed to produce a very beautiful sheen. Diamonds will only scratch with other diamonds.
Valuable objects that fall into the category of jewelry and precious stones include engagement rings (Engagement Rings), diamond jewelry (Jewellery ), watches (Watch), diamond rings (Diamond Ring), Safe Deposit Box An tique , art objects (Fine Arts ), luxury bags (Had Bags), bicycles (Bicycle}, camera, musical instruments (musical instruments)
Besides being used as jewelry, the above objects can also be inherited, even for investment . Diamonds come from the hardest rock on earth buried within approximately 100 km. While still in the bowels of the earth, the shape is still in the form of hard rocks formed from carbon. Diamonds are very rare objects.
The rarer and more beautiful a diamond is, the higher its value. The uniqueness and beauty of a diamond is based on ratings known as the four C’s: Color, Clarity, Carat and Cut (color, clarity, carat and cut).
Because diamonds and other precious stone jewelry are very expensive, therefore the risk faced by the owner is also high. The main risks faced include theft, demolition, robbery. In addition, there is also a risk due to breakage, damage, loss, fraud, fire, drift and many other risks.
One solution to overcome this risk is to insure the precious stones. But unfortunately because the risk is too high, not many insurance companies in Indonesia can provide insurance coverage for jewelry. For that you need help from an insurance brokerage company that has access to insurance companies abroad that have the ability to cover these risks.
To find out more about diamonds, other jewelry and matters related to, danger, risk and insurance, here are some facts you need to pay attention to:
Diamonds as an investment tool
The advantages of diamonds compared to investment facilities, at the same time diamonds can also be used as accessories that can lift the owner’s self-esteem. In addition, diamonds also have a sale value with stable profits. Diamond price movements are not as dynamic as other investment products. The advantage of diamonds is that they are easy to carry and invest in beauty.
Diamonds as jewelry
Diamonds have always been the prima donna of all existing accessories and jewelry. Although this diamond-studded jewelry has a high price. Usually people choose the type of jewelry that has diamonds because of many things, including the shape of diamonds or diamonds that are beautiful and attractive and increase one’s prestige.
Diamonds for collection
Diamonds as jewelry also serve to increase prestige. Those who own diamonds like other types of luxury collectibles indicate a special and exclusive class of society. Only certain people can have it.
Diamonds show social status
Diamond wearers indicate their social class. The purchase price of diamonds is very high, so not just anyone can have them. Although not all of them, many also use diamonds to show their social status, and become a place to show off their wealth and abilities. To increase prestige, prestige and prestige and make people more respected because they have a high social status.
The risks that can occur in valuable jewelry
For jewelry, there is an age factor where the price of jewelry can go down according to the official price calculation which is usually used as a benchmark. Although diamonds are one of the hardest naturally occurring substances found on earth, it turns out that they can also be easily damaged by drops and impacts, especially if they are not in their original shape, for example if the diamonds are in pairs. After an accident, the stone can fall out of the ring and need repair at a specialist jeweler’s shop and that costs a lot of money.
Theft and Robbery
When wearing your ring, you run the risk of having your ring stolen. Jewelry items are items that are most sought after by thieves and are most likely to be stolen. A jewelry insurance policy will protect you from theft in the event of a claim. For protection when not in use, you should store it in a safe at your home. Over time, the stones in the rings can come off and if they fall, they are easy to lose, especially the smaller ones that may be on the shoulder or attached to the band.
Since jewelry owners are most likely to travel to different countries, there is a potential risk of loss, theft and robbery in the destination country. For that you need insurance coverage that can provide coverage anywhere in the world and has no country restrictions and does not need to tell you about your travel plans. You can travel as often as you like.
Diamond ring and other jewelry insurance policies can be issued as a stand-alone insurance policy, such as for engagement rings or eternity rings but can only be provided by certain insurance companies like centrestone.com.au