We all could relate to the sinking feeling of noticing a missing diamond earring or forgetting a ring in a public space while washing our hands. The unfortunate event of having our bracelet stolen could be painfully familiar. These losses are often excruciating, as they encompass not just the material but emotional value as well.

While emotional losses are irreplaceable, BAUNAT, as a smart investor, believes that there are efficient steps to mitigate the material loss. Let's delve into the diamond prices evolution and how to best insure your jewellery.

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Check your home insurance: Many of us are covered with some sort of home insurance. Although it provides basic coverage for jewellery, it often fails to compensate adequately in cases of loss, theft, or damage. This inadequacy becomes glaringly evident in scenarios where your exquisite 1ct each diamond earrings set in platinum, gifted on your 20th wedding anniversary, aren't fully covered.

It's essential to scrutinize your home insurance details and understand how you're covered. Leveraging a personalized service like consulting an insurance broker or an insurance company can help evaluate options from various providers to optimally insure your jewellery.

Providing Appraisals: Jewellery companies often require original receipts, certificates, or appraisals. These documents help evaluate your treasure trove of gemstones and jewellery.

Appraisals can be done by jewellery companies or independent agencies, who ascertain the value of your jewellery or gemstone. They consider the metal type, weight, carat, gemstone details, and overall item value. If you possess purchase receipts, it's crucial to provide them to the insurance company as these serve as proofs of the item's value.

Photos as Proofs: Photos serve as strong evidence of ownership for insurance purposes. It's important that these photos feature you wearing your precious jewellery and not just random clicks. A close-up of you flaunting your stunning diamond earrings or your prized ring gifted by your grandmother perfectly underlines your ownership of these treasures.

Once you've compiled proof of ownership and the required documents, meet with your insurance company to draft a new policy. This policy should align with your lifestyle and cover all relevant aspects of your jewellery.

Indeed, insurance might appear as a lengthy process, but it offers a safety net in the unfortunate event of loss or theft of your diamond earrings. Knowing you can replace them will certainly offer some solace.

The BAUNAT team, embodying values of quality, efficiency, and personalized service, is always ready to assist you throughout this process. Be it providing a receipt for the jewellery purchased from us, helping evaluate your jewellery, or rendering the certificates you might lack for your gemstones and jewellery.

Remember, the diamond prices evolution and market trends always play a key role in insuring your jewellery. Stay informed and make smart decisions with BAUNAT, your trusted partner in the diamond market.