Jewelry Insurance

Graff Jewelry Insurance

Dustin Lemick

Author

Dustin Lemick

If you’re a proud owner of exquisite Graff jewelry, you understand the craftsmanship and quality that makes your pieces unique. Unfortunately, valuable pieces like rings, necklaces, and earrings from Graff are vulnerable to theft and loss. Graff jewelry insurance provides peace of mind and safeguards your valuable investments against unforeseen events such as theft, loss, or damage. 

With Graff’s reputation for crafting exceptional pieces and their commitment to quality, insuring your Graff jewelry ensures maximum protection. Whether it’s a round brilliant diamond ring, a stunning white gold necklace, or an heirloom-worthy bracelet, Graff jewelry insurance offers comprehensive coverage tailored to meet the unique needs of your cherished collection.

 

What You Will Learn

About Graff Jewelry

Graff Diamonds is a renowned luxury jewelry brand that exudes elegance and opulence. Founded by Laurence Graff in London in 1960, the company has built a reputation for its exceptional craftsmanship and breathtaking creations.

Graff Diamonds is recognized for its exquisite stones, including flawless white and rare yellow diamonds, per the Gemological Institute of America’s 4C’s rating scale. The brand has acquired some of the world’s most remarkable diamonds, such as the Graff Pink diamond and the Lesedi La Rona, showcasing its expertise in sourcing and transforming these extraordinary gems into magnificent pieces of art.

Graff Diamonds and the South African Diamond Corporation (SAFDICO) share a cohesive relationship within the world of luxury jewelry. SAFDICO, a subsidiary of Graff Diamonds, plays a pivotal role in the company’s operations. 

Based in Johannesburg, South Africa, SAFDICO specializes in the sourcing, cutting, and polishing of rough stones. Its expertise lies in identifying exceptional diamonds and transforming them into exquisite polished gems that meet Graff’s exacting standards of quality and beauty. 

Graff Diamonds maintains direct control over the entire diamond supply chain through this vertical integration, from procuring rough diamonds to creating exceptional jewelry pieces. This partnership makes Graff Diamonds a leading luxury jewelry brand renowned for its extraordinary diamonds, unrivaled craftsmanship, and unparalleled designs. 

“ Insurance coverage will financially protect you if your Graff pieces are misplaced, stolen, or accidentally damaged.”

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Why You Need Graff Jewelry Insurance

Insuring your Graff pieces, such as the $47,000 Duet Pear Shape Diamond Ring or $17,000 Round Diamond Earrings, is essential for your peace of mind. Insuring your Graff jewelry protects your investments and lets you enjoy the exquisite pieces with the assurance that they are financially safeguarded. When you insure your Graff pieces, you get the following:

  • Protection against loss or theft: Accidents happen, and jewelry can be lost or stolen. Insurance coverage protects you financially if your Graff pieces are misplaced, stolen, or damaged.
  • Coverage for damage or repairs: Even the most careful owners can encounter unexpected damage to their jewelry. Insurance allows you to have repairs or restoration done by trusted professionals without incurring significant out-of-pocket expenses.
  • Reimbursement for the full value: Graff jewelry is known for its exceptional quality and craftsmanship, often commanding substantial market value. When you insure your high-value pieces, you are guaranteed to receive the full value towards replacing or repairing your piece.
  • Worldwide coverage: Graff jewelry insurance offers domestic and international coverage, allowing you to wear your pieces confidently wherever you go.

What Type of Jewelry Insurance is Available for Graff Diamonds?

When deciding on jewelry coverage options, you have a few different options. These include renters, homeowners, travelers, or specialized jewelry insurance. 

Renters or Homeowners Policies

While you may think you can rely on renter’s or homeowner’s insurance to cover your Graff pieces, these policies provide limited coverage for jewelry. Coverage is capped at around $1,500 and excludes certain types of losses. 

Additionally, they might not account for the full appraised value of your Graff jewelry, leaving you underinsured in the event of loss or damage. Given the exceptional value and uniqueness of Graff pieces, homeowners’ coverage does not adequately protect against the risks associated with owning luxury jewelry.

Traveler’s Insurance

While traveler’s insurance can provide some coverage for your jewelry during your trips, it may not be the best option for insuring your Graff pieces. These policies often have coverage limits between $250 to $500 per item, which may not fully reflect the value of your Graff jewelry, leaving you out-of-pocket if your jewelry is lost or damaged while traveling. They may also have exclusions and deductibles that can reduce the reimbursement amount.

Specialized Jewelry Insurance

Dedicated jewelry insurance is specifically tailored for high-value pieces like Graff jewelry. It offers unparalleled protection and benefits compared to homeowners’ policies or travel insurance. 

Jewelry insurers understand the unique protection needed for luxury jewelry, offering comprehensive coverage against loss, theft, damage, and even mysterious disappearance. With high appraisal values, worldwide coverage, and a network of experienced appraisers, gemologists, and dedicated jewelry insurance companies, ensure accurate replacement or repair of Graff pieces. 

Additionally, it offers flexible coverage options, higher coverage limits, and minimal deductibles, making it the ideal choice for safeguarding precious and irreplaceable jewelry.

“BriteCo jewelry insurance only costs 1% to 2% of the jewelry’s appraisal value annually.”

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Advantages of Specialized Jewelry Insurance

Specialized jewelry insurance, like the policies offered by BriteCo, provide several advantages for insuring your precious pieces. BriteCo-specific benefits include:

  • Comprehensive coverage: Specialized jewelry insurance covers various risks, including theft, damage, loss, or mysterious disappearance. This ensures that your valuable Graff pieces are protected in multiple scenarios.
  • Affordability: Dedicated jewelry insurance providers often offer competitive rates and flexible payment options tailored to your needs. BriteCo jewelry insurance costs only 1% to 2% of the jewelry’s annual appraisal value. For example, to insure the Spiral Pavé Diamond Band, which costs $8,800, you would only pay $176 per year, which equates to $14.66 per month. 
  • Convenient automatic valuation: With specialized jewelry insurance, your Graff pieces are automatically revalued yearly to ensure accurate coverage. BriteCo automatically updates the value of your Graff piece annually to ensure that you receive coverage for the total value, and we cover 125% of the appraisal value.  This eliminates the need for frequent appraisals and guarantees that your jewelry is adequately insured based on its current market value.
  • Easy claims process: Specialized insurance providers typically offer a streamlined claims process, ensuring a hassle-free experience if you need to file a claim for your Graff jewelry. With BriteCo, you gain access to our convenient claims portal, enabling you to submit claims online. Click on the provided link and follow the simple prompts to initiate a claim within minutes. Our team will promptly reach out to ensure you receive a timely repair or replacement for your item. 
  • Expertise in jewelry insurance: BriteCo is a specialized provider that understands the intricacies of insuring high-value jewelry, including Graff pieces. We have the knowledge and experience to navigate the unique challenges associated with jewelry claims and provide specialized customer support.BriteCo provides coverage for unique or custom jewelry pieces, ensuring that each piece’s distinct value is protected. With specialized policies, we offer comprehensive coverage, including theft, loss, damage, and even the cost of recreating custom designs. BriteCo understands the importance of safeguarding the individuality and craftsmanship of these special jewelry pieces, so we allow you to work with the jeweler of your choice to recreate your custom Graff piece.

Choosing a specialized jewelry insurance provider, BriteCo ensures that your Graff jewelry receives tailored coverage, convenience, and expert care throughout the insurance process.

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How to Get Comprehensive Coverage for Your Graff Pieces

To get comprehensive coverage for your Graff pieces, BriteCo offers a simple and efficient solution. 

Visit the BriteCo website or download the mobile app and provide information about your jewelry, including its estimated value and any unique features. BriteCo’s expert underwriters will review your submission and provide a customized insurance quote within minutes. 

Once you accept the quote, you simply need to upload documents verifying your ID and the appraisal value of the piece. We offer convenient online appraisal services from certified professional appraisers for an affordable $26 fee. Once your documents are submitted and approved, you can purchase the policy online within minutes.

Protect Your Graff Jewelry with BriteCo - Get Comprehensive Coverage Today!

BriteCo offers dedicated insurance for your exquisite Graff jewelry, providing comprehensive coverage and peace of mind. With specialized policies tailored to high-value pieces, BriteCo ensures protection against theft, loss, damage, and more. 

Don’t leave the safety of your high-value and sentimental Graff jewelry to chance—choose BriteCo for expert underwriting, personalized service, and quick claim settlements. Safeguard your Graff jewelry investment with BriteCo today and get the coverage you deserve.

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Dustin Lemick

Author

Dustin Lemick

Dustin Lemick is the Founder and CEO of BriteCo and a third-generation jeweler with over thirteen years of retail jewelry experience. He holds a Graduate Gemologist degree from the Gemological Institute of America (GIA) and has in-depth knowledge and expertise in appraisal systems, diamond and gemstone markets, retail pricing models, insurance replacement models, and jewelry quotation pricing systems.