If you own or operate a jewelry business, one of the most common questions we hear is:
“Does Jewelers Block insurance cover every type of jewelry in my inventory?”
The short answer is: Yes — but coverage depends on how your policy is structured.
What Jewelers Block Insurance Actually Covers
Jewelers Block is a specialized commercial insurance policy designed specifically for businesses in the jewelry trade — including:
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Retail jewelers
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Custom designers
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Manufacturers
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Wholesalers
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Estate and secondhand dealers
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Repair shops
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Pawn operations
Unlike a standard Business Owners Policy (BOP), Jewelers Block is built to protect high-value inventory and the unique risks of the jewelry industry.
Covered Property Typically Includes:
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Finished jewelry (rings, necklaces, bracelets, earrings, watches)
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Loose diamonds and colored stones
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Precious and semi-precious gems
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Mountings and findings
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Metal stock (gold, platinum, silver)
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Memo goods
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Customer property in your care, custody, and control
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Property in transit (if properly endorsed)
Whether the piece contains a flawless diamond, a lab-grown stone, a vintage sapphire, or a simple sterling silver band — it can typically be insured under a properly structured Jewelers Block policy.
What Matters More Than the Type of Stone
Most Jewelers Block policies do not exclude coverage based solely on the type of gemstone.
What actually determines coverage is:
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Your total inventory limits
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How values are reported (annual reporting vs. peak season)
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Security safeguards in place
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Transit procedures
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Alarm and safe compliance
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Territory of coverage
The bigger risk isn’t whether a specific stone is covered — it’s whether your limits are structured correctly for your business model.
Common Coverage Extensions Jewelers Overlook
Many policies can also include:
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Coverage for jewelry at trade shows
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Protection for goods on memo
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Coverage while items are being repaired
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Employee dishonesty (crime) coverage
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Cyber protection (increasingly important for jewelers)
A generic policy won’t account for these exposures. A true Jewelers Block program should.
The Real Question to Ask
Instead of asking, “Does my policy cover emeralds or lab-grown diamonds?” the better question is:
“Is my policy built around how my business actually operates?”
Inventory mix changes. Values fluctuate. Online sales expand territory exposure. Trade show travel increases transit risk.
Your policy should evolve with your business.
Work With a Specialist in Jewelers Block
At Clockwork Insurance Services, we focus heavily on the jewelry industry and understand the operational nuances that standard agents often miss.
If you’d like a second opinion on your current coverage structure, we’re happy to review it and provide guidance.
📞 504-262-8240
Or request a consultation to discuss your current Jewelers Block program.
