Secure Your Sparkle

Jewellery

The Indian jewelry industry, celebrated worldwide for its exquisite craftsmanship and substantial economic contributions, navigates a landscape filled with unique challenges that can dim its lustrous reputation. These businesses confront not only the potential theft of precious gems and metals but also the nuanced complexities of international trade and fluctuating market values. In addition, they face risks of damage during crafting, potential liability issues in retail operations, and the ever-present danger of counterfeit goods entering their supply chain. To address these multifaceted challenges confidently, jewelry businesses require specialized insurance solutions that are as finely crafted as the treasures they sell.

Our bespoke insurance offerings are meticulously designed to provide comprehensive protection for the valuable assets, esteemed reputation, and uninterrupted operations of jewelry businesses across India. By ensuring the security of both tangible and intangible assets, our insurance solutions empower jewelers to continue their tradition of excellence and innovation, with the peace of mind that their legacy and livelihood are well-protected against the unexpected

OVERVIEW

Theft and Burglary: Jewelry stores are prime targets for theft and burglary, with incidents leading to significant financial losses. In India, the jewelry sector reports losses worth crores annually due to theft, underscoring the need for robust insurance coverage.
Market Volatility: The price of precious metals and gems is subject to international market fluctuations. This volatility can impact inventory values, making insurance coverage essential to safeguard against unforeseen financial impacts.
Fraud and Forgery: The industry is also susceptible to fraud and forgery, including counterfeit products and fraudulent transactions. Insurance policies that cover these risks are vital for maintaining customer trust and financial stability.

Critical Role of Insurance in Jewellery Business:

100 Cr.

Theft Losses
Annually

Source-Industry Estimates

25%

Inventory Value Fluctuations

Source-Industry Surveys

Jeweller's Block

Offers specialized coverage for jewelers, protecting against the loss of high-value items due to theft, burglary, or damage within the premises or in transit.

Property Damage

Safeguards against financial losses from damages to a jeweler's physical shop space or workshop due to fires, natural disasters, or other unforeseen events.

Fidelity

Protects jewelry businesses from financial losses due to dishonest acts by employees, such as theft or fraud, ensuring the integrity of internal operations.

Cash in Safe/Transit

Covers the loss of cash stored in a safe or while being transported, a critical coverage for jewelers who handle large amounts of cash transactions.

Exhibition

Provides coverage for jewelry displayed or sold at exhibitions like the IIJS, covering loss or damage to exhibited items, including during transit.

Transit Risk

Covers the risk of loss or damage to jewelry items during transit, an essential safeguard for items being shipped to customers or between stores.