A fine piece of jewellery or a luxury timepiece is both a financial investment and something of deep personal significance. Standard home insurance policies often provide limited or no coverage for high-value items - and when they do, the settlement may fall well short of replacement cost. A dedicated jewellery insurance policy ensures that if your piece is lost, stolen, or damaged, you are made whole - not just partially compensated. For an engagement ring or a treasured watch, that peace of mind is worth having from day one.

Immediately - ideally before the piece leaves our store. Loss and theft can happen at any time, and many clients are surprised to learn that their home policy provides little or no protection in the first days of ownership. If you have a valuation document from us, your broker can arrange coverage quickly. Do not wait until the wedding or a special occasion - insure now.

Ask your broker specifically for an all-risk, agreed value jewellery floater or rider. This means the policy covers loss, theft, accidental damage, and mysterious disappearance - and pays out the full agreed value, not a depreciated or market-estimated amount. Avoid policies that only cover theft or that pay replacement cost at the insurer's discretion. Your valuation document from Diamond Design will support an agreed value policy.

Several Canadian insurers offer standalone jewellery and valuables policies that operate independently of your home insurance. This can be advantageous if you want to avoid affecting your home insurance record in the event of a claim, or if your home insurer's jewellery coverage is limited. Speak to your broker about specialist providers -  or call us and we can point you in the right direction based on what others in our community have found useful.

As a general guide, annual premiums for dedicated jewellery coverage typically range from one to two percent of the insured value per year. On a $5,000 ring, that is roughly $75 to $100 annually - a modest cost relative to what the piece represents. Rates vary by insurer, coverage type, and where you live. Your valuation document will give your broker the information needed to provide an accurate quote.