Amid economic uncertainty, the wealthy are looking to precious stones as a ‘safe’ store for their wealth.
Fine jewellery sales are seeming to weather the coronavirus crisis due to sustained high demand to markspecial occasions such as birthdays and anniversaries. While equities and property are in a volatile position, investors have sought to put their money in areas which are being less effected by the current crisis.
In the longer term we could see price increases for precious stones meaning that under your current policy for jewellery, you could be underinsured. With price increases it could cause you to receive less than a full pay-out compared to what your possessions are worth. Ascend can arrange for a valuation on your possessions to prevent underinsurance.
At Ascend our team of experts are on hand to give you any advice you may need regarding your high value contents. Call us today on 01245 449060 and we can answer any concerns you may have.
