Table of Contents
- Why Jewellery Insurance Matters More Than You Think
- Does Home Insurance Provide Enough Cover?
- Specialist Jewellery Insurance Explained
- Understanding Valuations and Why They Matter
- How Often Should Jewellery Be Valued?
- The All Diamond Advantage
- What Does Jewellery Insurance Usually Cover?
- What Is Often Excluded From Diamond Jewellery Insurance?
- How Premiums Are Calculated
- Making a Claim: What to Expect
- Delivery Insurance: Protection Before You Even Receive Your Jewellery
- Choosing the Right Policy for You
- Why Insuring Your Jewellery Is About More Than Money
- Discover Jewellery Worth Protecting
- FAQs
This guide explains how diamond jewellery insurance works in the UK, what to look for in a good policy, and how to make sure your jewellery is properly protected from day one.
Buying diamond jewellery is rarely an impulsive decision. Whether it is an engagement ring, a meaningful anniversary gift, or a piece chosen to mark a personal milestone, it usually carries both financial and emotional value.
Yet many people only think about insurance after something goes wrong.
Lost rings, stolen bracelets, damaged settings and accidental knocks are far more common than most buyers expect. Without the right cover in place, replacing a treasured piece can be stressful, expensive, and sometimes impossible.
Quick Answer: Do You Need Diamond Jewellery Insurance?
Yes, in most cases.
Standard home insurance policies often have strict limits on jewellery cover. High-value items usually need to be listed separately, and many policies only offer partial protection outside the home.
Specialist jewellery insurance provides broader coverage for loss, theft, and damage—often worldwide— and is usually the safest option for valuable diamond pieces.
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Why Jewellery Insurance Matters More Than You Think
Diamond jewellery is designed to be worn and enjoyed. That also means it is exposed to everyday risks.
Common claims include:
- Rings slipping off in cold weather
- Bracelets breaking unexpectedly
- Earrings lost during travel
- Damage caused by knocks or accidental impact
- Theft at home or while out
Even careful owners experience these situations. Insurance is not about expecting the worst. It is about removing financial worry so you can wear your jewellery with confidence.
1.10ct Blue Sapphire & 0.85ct G/SI Diamond Bangle in 18k White Gold
£3,557.00
£5,757.00
The timeless appeal of this elegant diamond and blue sapphire bangle makes it a welcome addition to any jewellery collection. Brilliant blue sapphires add a luxurious feel to the design. White gold will maintain its brilliant shine over the years with proper care. Enjoy… read more
Does Home Insurance Provide Enough Cover?
Sometimes, but often not.
Most UK home contents policies include a standard valuables limit, typically £1,000 to £2,000 per item. Anything above this usually needs to be declared separately.
Common limitations include:
- Lower cover outside the home
- Restrictions on travel cover
- High excesses for valuables
- Strict security requirements
- Limited replacement options
If you own a high-quality diamond ring, necklace or bracelet, relying on basic home insurance is rarely sufficient.
Specialist Jewellery Insurance Explained
Specialist jewellery insurers focus solely on high-value items. Their policies are designed around real-world use, rather than treating jewellery as just another household object.
Typical features include:
- Cover for loss, theft and accidental damage
- Worldwide protection
- Replacement with like-for-like quality, sometimes referred to as new-for-old.
- Repair by approved jewellers
- Agreed valuation basis
- Flexible excess options
Well-known UK providers include specialist insurers and high-end brokers who work directly with jewellers and valuers.
Understanding Valuations and Why They Matter
Insurance is only as good as the valuation behind it.
Your insurer uses this document to decide:
- How much to insure the item for
- What they will pay in a claim
- How the replacement will be handled
An outdated or inaccurate valuation can leave you underinsured.
Diamond Trilogy Drop Earrings 0.75ct G/SI Quality in 18k Yellow Gold
£1,257.00
£2,107.00
A perfect gift that dazzles and will delight the special lady in your life. These diamond trilogy drop earrings are crafted in pristine 18k yellow gold settings and feature 0.75ct of ethically sourced G/SI quality diamonds. Each of the earring's… read more
How Often Should Jewellery Be Valued?
Most UK insurers recommend updating valuations every two to three years, especially for larger diamonds, as market prices can change.
The All Diamond Advantage
Every item sold by All Diamond includes an insurance valuation certificate.
This means:
- You can arrange cover immediately
- No extra valuation fees
- Faster policy setup
- Clear documentation for claims
It removes one of the biggest obstacles new owners face when arranging insurance.
What Does Jewellery Insurance Usually Cover?
While policies vary, most good-quality plans include:
- Loss
- Accidental loss, such as dropping a ring or losing an earring.
- Theft
- Including burglary, robbery and sometimes theft while travelling.
- Accidental Damage
- Bent claws, cracked stones, broken clasps and similar issues.
- Repairs
- Professional restoration using approved jewellers.
- Replacement
Either through cash settlement or direct replacement.
Always check whether “mysterious disappearance” is included. Some cheaper policies exclude unexplained loss.
11 Stone Half Eternity Ring 0.75ct G/SI Diamonds in 18k White Gold
£1,157.00
£1,897.00
Eleven hand-cut stones of the finest, ethically sourced diamond. Scintillating 18k white gold, handcrafted and UK hallmarked. Our artisans bring these wonderful elements together by hand to create this fantastic half eternity ring, sure to bring years of pleasure to… read more
What Is Often Excluded From Diamond Jewellery Insurance?
Common exclusions include:
- Wear and tear
- Gradual deterioration
- Neglect or improper care
- War or terrorism (standard across insurance)
- Certain high-risk countries
- Unsecured items in public places
Reading the exclusions section is just as important as reviewing the headline cover.
How Premiums Are Calculated
Insurance premiums are based on several factors:
- Total insured value
- Location of your home
- Security measures
- Claims history
- Worldwide cover options
- Excess level
As a general guide, jewellery insurance in the UK is usually more affordable than many people expect.
For example, a high-quality diamond ring valued at around £5,000 will typically cost £60 to £100 per year to insure, depending on factors such as your address, claims history, security arrangements, and the level of cover you choose.
While premiums vary between providers, this gives a useful indication of what most owners can expect to pay for comprehensive protection.
Making a Claim: What to Expect
If you need to make a claim, most insurers require:
- Proof of ownership
- Valuation certificate
- Purchase receipt
- Police report (for theft)
- Photographs if available
Good insurers aim to resolve claims quickly, either by arranging replacement through a partner jeweller or issuing settlement funds.
Having clear documentation from the start makes this process far smoother.
Baguette Diamond Tennis Bracelet 8.00ct G/SI in 18k White Gold
£14,997.00
£26,997.00
This stunning white gold tennis bracelet is handcrafted in the UK by our skilled artisans. The 18CT gold bracelet features 8.00CT of baguette-cut diamonds of G/SI quality. The diamonds are set in an elegant channel setting for an elegant look.… read more
Delivery Insurance: Protection Before You Even Receive Your Jewellery
One overlooked risk is delivery.
All Diamond insures every item in transit until it is safely handed to you.
This means:
- No risk during shipping
- Full cover against loss or damage
- Secure courier services
- Tracked and insured delivery
You are protected from the moment your order leaves our workshop.
Choosing the Right Policy for You
Before committing to any policy, ask:
- Does it cover worldwide wear?
- Is accidental loss included?
- How are replacements handled?
- Are valuations accepted easily?
- What excess applies?
- Are security conditions realistic?
Avoid choosing purely on price. The cheapest policy is rarely the best when something goes wrong.
Why Insuring Your Jewellery Is About More Than Money
Diamond jewellery often marks life’s most important moments. Proposals, anniversaries, family celebrations and personal achievements.
Insurance is not just about financial protection. It is about preserving those memories and avoiding regret if something happens.
With the right cover in place, you can enjoy wearing your jewellery as it was intended.
Classic Diamond Tennis Necklace 12.00ct G/SI Quality 18k Yellow Gold
£9,407.00
£16,937.00
This classic diamond tennis necklace in 18k yellow gold is beautiful in its simplicity. It features a single row of 12.00ct of ethically sourced G/SI quality diamonds in classic claw settings, which perfectly balance its glamour and show. A gift… read more
Discover Jewellery Worth Protecting
At All Diamond, we specialise in high-quality natural diamond jewellery, designed and handcrafted in the UK.
Every piece comes with:
- An independent insurance valuation certificate
- Fully insured delivery
- Expert British design and craftsmanship
- Elegant presentation packaging
- Lifetime workmanship guarantee
Browse our collections of diamond rings, earrings, necklaces and bracelets and find a piece that deserves lasting protection.
FAQs
Is jewellery insurance really necessary?
If your jewellery would be expensive or upsetting to replace, insurance is strongly recommended.
Can I insure engagement rings separately?
Yes. Many insurers offer single-item policies for engagement rings.
Do lab-grown and natural diamonds need different cover?
No. Insurance is based on value and quality, not origin. Natural diamonds are often higher in value, making proper cover especially important.
Can I change insurers later?
Yes. You can switch providers as long as your valuation remains valid.
