Am I
Underinsured?

How This Calculator Works

This tool estimates how your jewellery's replacement value may have changed since your last valuation, based on the movement in gold prices over the same period.

Gold is the primary driver of jewellery value for most items. When gold prices rise, the cost of replacing your jewellery rises too — often by more than people expect. Diamond rings and branded watches are adjusted with slightly different factors to account for their specific market dynamics.

Why You Might Be Underinsured

If your insurance coverage is based on an old valuation or original purchase price, there's a good chance the replacement cost has outpaced your coverage. This means in the event of loss, theft, or damage, your insurer would only pay out the insured amount — not the actual cost of replacing the item at today's prices.

The solution is straightforward: get your jewellery revalued for insurance every 3 years, or sooner if precious metal prices have moved significantly. Read our guide to revaluation frequency for detailed recommendations.

Limitations

This calculator provides estimates only. Actual replacement values depend on the specific item — its condition, maker, gemstone quality, craftsmanship, and current retail market conditions. For an accurate figure accepted by insurers, you need a professional valuation from a qualified, accredited valuer.