Our Customers Love Us!

Engagement Rings Insurance

Get a Quote


You should insure your items for the full replacement as new cost in the UK

Wearer's Age

HomeJewellery InsuranceEngagement Rings Insurancehttps://www.assetsure.com/homes/why-fraud-checks-matter/


The cost of a diamond is usually the major consideration when it comes to choosing an engagement ring but have you ever wondered how that sparkling gemstone ended up at the jewellers where you purchased it from?

There are a number of links in the chain before a diamond reaches you, firstly there is the mine itself, which will produce both gem standard diamonds and ones of lesser quality that are used for industrial purposes. As an approximation, it takes almost 250 tons of ore to produced 1ct of finished diamond. Diamond mining for quality gemstones has been dominated for over a century by one organisation De Beers, a group of companies that are involved in every aspect of mining and production. There is a very strong chance that they have been involved in some shape or form in the production of your stone.

Rocks from the ground

Diamonds are brought to the surface of the mine from the earth’s mantle in a rare type of magma called “Kimberlite”; this contains a number of minerals with diamond being the most valuable.The main mining areas are: Central and South Africa, Russia, Australia & Canada The African diamonds are generally considered to be the most suitable for use in jewellery. Surprisingly though, most diamonds are used for industrial purposes, in drill bits and tools. A small number are used for glass cutters and surgical instruments. Only the finest stones are used as gems.

Selection and Cutting

These “quality” gems are selected and sent to centres for cutting, polishing and grading. Uncut stones are referred to as “Rough Diamonds” Cutting is the practice of turning a rough stone in to a faceted gem. A surprising aspect of the diamond industry is that there are very few centres where they are actually cut, the reason for this is that diamond cutting is an extremely skilled process requiring specialised knowledge, tools and equipment, it is an extremely difficulty process where a single mistake can have financial implications

The main processing centre

The main centre for handling rough diamonds is Antwerp in Belgium, approximately 80% of the world’s rough diamonds pass through here although the majority of cutting is now carried out in India. India now cuts over 90% of all diamonds produced with 50 % of these finding their way back to Antwerp for the next part of the chain.

The Diamond Bourse

On returning to Antwerp, diamonds are then typically sold to wholesalers or jewellery manufacturers in one of the 24 registered diamond exchanges (known as bourses) located across the world. These exchanges are members of The World Federation of Diamond Bourses (WFDB) who act as a medium for wholesale diamond exchange trading of both polished and rough diamonds. It’s worth pointing out that in recent years, there has been much written about “Conflict” or “Blood” Diamonds”, bourse members are encouraged to become part of the “ Kimberley Process” which is a joint government and industry initiative to stem the flow of these types of diamond.

If you live in the United Kingdom, there is a good chance that your gemstone will be handled by the London Diamond Bourse. This exchange first opened its doors in 1940 mainly as a result of the wartime occupation of Belgium. From here items are acquired by wholesalers and jewellers who purchase the graded items to be set in to jewellery such as engagement rings.

Latest News & Advice

Diamonds are trumps

Diamonds are trumps

Though formed of humble carbon, a diamond of the highest grading is internally flawless and perfectly transparent. Across cultures and throughout the centuries the sparkling April birthstone has continued to be bestowed with a status of ultimate perfection....

If you love it, take a “relfie” of it

If you love it, take a “relfie” of it

The “selfie” has managed to seamlessly integrate itself with our daily vocabulary, to the point where it is almost universally understood. Prince Charles, Barack Obama, David Cameron, and Pope Francis have all indulged in a “selfie” at one time or another. The word has become so commonplace that it was actually dubbed “Word of the Year” 2013 by the Oxford English Dictionary....

Summer love will have to wait; the footy’s on!

Summer love will have to wait; the footy’s on!

Retailers across the UK are gearing themselves up for the start of summer – BBQs, Hawaiian shirts, and factor 50 are all at the ready. A great many businesses are also preparing for the added boost that only comes around every four years, but invariably leaves off-licences, supermarkets, TV shops and bookmakers laughing all the way to the bank and then home again; the World Cup. Figures suggest that football fans will spend as much as £56 extra each on beer, food and TVs for the tournament....

Why choose our specialist insurance cover?


Extensive Cover icon-thin-chevron-down

Our policy provides all-risks cover as standard. This means events such as loss or damage are covered with fewer exclusions and warranties.


Worldwide Cover icon-thin-chevron-down

You are covered anywhere in the world for trips up to 60 days.

Single Item Insurance icon-thin-chevron-down

We can insure your engagement ring on it's own or you may like to add other items such as wedding rings or other items of jewellery.


Protect your no claims bonus icon-thin-chevron-down

This is a "stand-alone" policy, any claim will not affect any no claims bonus you may have under your home insurance


First class claims service icon-thin-chevron-down

We settle claims "in house" and in the event of a loss we'll work with you and our industry contacts to settle your claim as quickly as possible. Most policies are excess free


Insured at Lloyd's of London icon-thin-chevron-down

This policy is underwritten at Lloyd's of London, the worlds oldest continuous insurance market.