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Reviewed by Matthew Ashton
When it comes to luxury assets, most investors aren’t just looking for financial returns – they want assets they can enjoy, display and take pride in. In our dedicated series of mini blogs, the team at Stanhope explore the most popular types of luxury items and why you should consider them.
You can check out the first blog in our series, exploring watches, here.
In the second of our series, we will focus on high-value jewellery and coloured gemstones, as well as what makes them a great investment and how to keep them safe.
High value jewellery and coloured gemstones
A great way to flaunt your investment is through high-value jewellery and coloured gemstones. Like watches, they are wearable and can last a lifetime (or longer) if taken care of correctly. Jewellery and gems often appreciate if they’re in good condition, are particularly rare or high-carat, or are internally flawless.
If you own pieces from established jewellery houses such as Cartier or Bulgari, these can fetch even higher prices. Pre-owned Cartier Trinity rings have nearly doubled in value in recent years thanks to their iconic status.
Does colour affect value?
Value of gemstones is often linked to colour, so the rarer and more attractive your piece is, then it is likely to be more valuable. Some of the most valuable gemstones in history are famous for their beautiful colours, such as the Hope Diamond, which is a brilliant shade of blue-grey and is valued at over $250 million.
Make sure you get your jewellery appraised regularly as markets can fluctuate – a risk with any luxury item is that the value can go up or down. However, the rarer the stone, the more likely it will retain its value – or even increase in value.
Protecting you high value jewellery collection
Whether you wear your high-value jewellery or keep it in a Grade – A safe, you’ll want to make sure your investment is protected. Consider taking out jewellery insurance so you can flaunt your gems without a worry.
At Stanhope, we offer specialist jewellery insurance that covers you wherever you go – so whether you’re staying close to home or jetting off abroad, you can rest assured that your investment is protected. And if you happen to lose one earring of a pair, don’t fret, we’ll replace the set. We’ll also keep you covered if your jewellery is being repaired or restored by an approved jeweller.
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Written by William Cooper
I started insurance broking in 2009. I followed my great-grandfather, grandfather, and father into the world of insurance. In 2019, I decided I wanted to do things differently. I formed Stanhope in 2019 with Matthew Ashton and Rachel Living. We want to shake up the industry! Let's make insurance cool and useful for our customers. Let's improve the customer journey and get them to trust us as their insurance company. Let's pay claims quickly; let's be excellent and honest in all that we do!