If you've ever been in the market for a piece of jewelry, it's likely that a sales associate has asked you if you want to get insurance for it. You think it's all part of their training, but what if something does happen? What if your diamondbreaks? Or worse—what if someone steals it? Then what would happen? The truth is that sometimes even the best jewelry can get damaged or lost (or stolen), so it's smart to take precautions beforehand. Here are eight mistakes people make with their jewelry that might actually have some pretty bad consequences down the line:
Not keeping your jewelry appraised
When you buy jewelry, it's important to keep track of its value. This is because a lot of insurance companies require appraisals for coverage purposes, and sales tax can be based on the value of your jewelry. In addition, if you want to sell your piece at some point in the future, an appraisal can help determine whether or not the price is fair for both parties involved (you and the potential buyer).
When buying expensive pieces like this one or those that have sentimental value, such as family heirlooms, collectors may want an appraisal done as well. If you have any intention of selling them later down the line, then having an appraisal will give collectors confidence that they are getting a fair price when making offers on these items.
Failing to insure high-end pieces
It is important to have your jewelry insured. Any valuable item should be covered by insurance, but high-value pieces can be too expensive for most people to invest in. This doesn't mean that you should avoid insuring these items. However, the cost of insurance is usually very low compared to the value of the piece.
Insurance can cover theft and loss as well as damage caused by fire or water. You can also insure high-end pieces that are out of your budget range by keeping them at home instead of having them appraised and insured separately from other pieces in your collection (click here to learn more about jewelry insurance).
Not keeping your receipts for valuable items
If you are buying a substantial piece of jewelry, keep the receipt in a safe place. You may need to refer to it if your item is lost or stolen. Also, make sure to ask for an appraisal from the jeweler so that you have proof of value if needed.
If you are shopping at a small boutique shop, ask them to write down what they sold you and its cost on paper so that there is no question about the purchase price in case they go out of businessbefore you can return there with your receipt (or even in case they go out of business after giving away your money).
You should avoid spraying perfume on jewelry
Chemicals from perfumes can cause damage to the metal in your jewelry. The best thing you can do is avoid spraying perfume on your jewelry at all. If you're wearing a piece of jewelry that has been sprayed with perfume, try to remove it as soon as possible.
If you already have perfume on your jewelry, then rub some toothpaste onto the area and rinse thoroughly with water. The toothpaste will help remove any residue left behind by the perfume.
Avoid bathing with your jewelry
While it may seem like an obvious mistake, there are still plenty of people who choose to wear their jewelry in the bathtub, which can damage both the metal and stones on it. If you have any doubts about whether or not your piece is waterproof, then don't wear it while bathing.
Do not store your gold jewelry with silver or other metals, as this can cause scratches and tarnishing
It's best to store them separately in individual compartments in a jewelry boxor pouch.
Silverearringsthat have been worn regularly should be cleaned with a soft cloth dipped in warm water and soap. Rinse them well and dry completely before storing them. The same applies to silver necklaces, bracelets, rings, and other pieces of jewelry.
Make sure you don't wear your goldduring swimming or bathing, as it will tarnish quickly when exposed to chlorine and other chemicals found in pools and spas.
Avoid using harsh chemicals to clean your jewelry, as this can cause damage and discoloration.
Avoid using harsh chemicals to clean your jewelry, as this can cause damage and discoloration. Instead, choose a gentle soap or mild detergent and warm water. Use an old toothbrush or soft-bristled brush with a small amount of soap and gently scrub the piece until the dirt is gone. Rinse with clean water and pat dry with a paper towel or cloth.
Use a polishing cloth made specifically for jewelry. These types of clothes are designed to safely restore shine without damaging the integrity of your piece. Rub the surface in circular motions until it shines again.
Conclusion
If you want to make sure that your jewelry is well protected, then it's time to start thinking about jewelry insurance. Jewelry insurance is a simple and affordable way to protect your most precious possessions. You can get more information about how this policy works by contacting an agent today!