Jewelry Insurance Market Report 2025 (Global Edition)

Global Jewelry Insurance Market Report 2025 Market Size Split by Type (Damaged, Lost & Theft, Disappearance), by Downstream (Commercial, Personal)

Jewelry Insurance Market Report Description

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Jewelry Insurance Market Insights Video

Competitive Landscape of the Jewelry Insurance Market

The global jewelry insurance market is characterized by intense competition, with several players vying for market share and consumer trust. Key insurance providers in this segment offer a range of specialized policies tailored to the unique needs of jewelry owners and businesses. Companies like Chubb, Jewelers Mutual Group, and Lavalier stand out as market leaders, leveraging their extensive industry expertise and robust customer service to establish a strong foothold in the market.

Jewelry Insurance Industry News

• August 2022: Pandora, a jewelry manufacturer, has declared its intention to proceed with the production of lab-grown diamonds and discontinue the sale of mined diamonds. This shift to lab-created diamonds not only makes them more accessible to a wider audience but also contributes to a reduction in carbon emissions. To appeal to younger consumers seeking affordable and sustainable options, Pandora has introduced a collection featuring unmined gemstones in North America.
• January 2022: India's jewelry retailer, Malabar Gold & Diamonds, recently opened six new showrooms in the UAE. The expansion includes three showrooms in the extended Dubai Gold Souq, as well as one each in City Centre Al Zahia, Lulu Muweilah in Sharjah, and Crown Mall in Jebel Ali.

Top Companies Market Share in Jewelry Insurance Industry: (In no particular order of Rank)

• Chubb
• Zurich Insurance Group
• Liberty Mutual
• Nationwide
• Travelers Insurance
• Erie Insurance
• GEICO
• JIBNA Personal Jewelry Insurance
• Siaci Saint Honore
• Ping An Insurance
• American Family Insurance
• Lavalier Insurance
• Wexler Insurance Agency
• Aon
• Jewelers Mutual Insurance Company
• American International Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Jewelry Insurance market share was 38% of the total market

According to Cognitive Market Research, North America stands out as the largest region in the global jewelry insurance market, accounting for a substantial 38% of the market share. This prominence can be attributed to the region's affluent consumer base and a robust jewelry industry that includes renowned retailers, manufacturers, and designers. The demand for jewelry insurance in North America is significantly high due to the widespread cultural practice of owning valuable jewelry, including engagement rings, luxury watches, and precious gemstone jewelry.In North America, the jewelry insurance market is primarily segmented into two key categories: personal and commercial jewelry insurance. Personal jewelry insurance is prevalent among individuals who own valuable pieces and seek comprehensive coverage against loss, theft, or damage. The dominance of the North American jewelry insurance market is particularly pronounced in the United States. The USA, being the largest economy in the region, plays a pivotal role in driving the market forward. With a thriving jewelry industry and a population valuing their precious possessions, the demand for insurance solutions is consistently high. This trend underscores the USA's position as a dominant force in the North American jewelry insurance market, contributing significantly to the region's impressive 38% market share.

The Asia Pacific region emerges as the fastest-growing hub in the global jewelry insurance market, commanding a substantial 20% market share. The growth in this region can be attributed to the rising affluence of the middle class, the cultural significance attached to jewelry, and increasing awareness about the need for safeguarding valuable possessions. Countries like China, India, Japan, and South Korea are witnessing a surge in demand for jewelry insurance, driven by a booming jewelry industry and an expanding customer base seeking to protect their precious assets. With a burgeoning middle class, rapid economic development, and a rich cultural heritage emphasizing jewelry ownership, the Asia Pacific region has become a hotbed for the jewelry insurance market. The continuous growth and evolving consumer demands contribute significantly to the region's remarkable 20% market share. As more individuals and businesses recognize the importance of jewelry insurance, Asia Pacific's trajectory in the industry remains promising, positioning it as a key player in the global market.

The current report Scope analyzes Jewelry Insurance Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Jewelry Insurance Market

According to Cognitive Market Research, North America stands out as the largest region in the global jewelry insurance market, accounting for a substantial 38% of the market share. This prominence can be attributed to the region's affluent consumer base and a robust jewelry industry that includes renowned retailers, manufacturers, and designers. The demand for jewelry insurance in North America is significantly high due to the widespread cultural practice of owning valuable jewelry, including engagement rings, luxury watches, and precious gemstone jewelry.In North America, the jewelry insurance market is primarily segmented into two key categories: personal and commercial jewelry insurance. Personal jewelry insurance is prevalent among individuals who own valuable pieces and seek comprehensive coverage against loss, theft, or damage. The dominance of the North American jewelry insurance market is particularly pronounced in the United States. The USA, being the largest economy in the region, plays a pivotal role in driving the market forward. With a thriving jewelry industry and a population valuing their precious possessions, the demand for insurance solutions is consistently high. This trend underscores the USA's position as a dominant force in the North American jewelry insurance market, contributing significantly to the region's impressive 38% market share.

Europe Jewelry Insurance Market

According to Cognitive Market Research, Europe stands as a significant hub for the jewelry insurance market, encompassing a diverse array of cultures, tastes, and traditions. The region boasts a rich history of jewelry craftsmanship, from the exquisite designs of Italy to the timeless elegance of the United Kingdom. With a populace that deeply values its jewelry, the demand for comprehensive insurance coverage is substantial. European consumers, both individuals and businesses, seek policies that safeguard their precious ornaments against various risks, including theft, damage, and loss.Europe's jewelry insurance market, accounting for 33% of the global share, showcases a blend of tradition and innovation. As insurers continue to expand their services, there is a noticeable shift toward digital platforms, enabling seamless policy management and claims processing. Furthermore, increased awareness about the importance of insuring jewelry, coupled with rising disposable incomes, propels the market forward. With a focus on customer-centric approaches, such as simplified policy structures and efficient claim settlements, European insurers are poised to cater to the diverse and evolving needs of the region's jewelry enthusiasts, fostering a secure environment for their prized possessions.

Asia Pacific Jewelry Insurance Market

According to Cognitive Market Research, the Asia Pacific region emerges as the fastest-growing hub in the global jewelry insurance market, commanding a substantial 20% market share. The growth in this region can be attributed to the rising affluence of the middle class, cultural significance attached to jewelry, and increasing awareness about the need for safeguarding valuable possessions. Countries like China, India, Japan, and South Korea are witnessing a surge in demand for jewelry insurance, driven by a booming jewelry industry and an expanding customer base seeking to protect their precious assets.With a burgeoning middle class, rapid economic development, and a rich cultural heritage emphasizing jewelry ownership, the Asia Pacific region has become a hotbed for the jewelry insurance market. The continuous growth and evolving consumer demands contribute significantly to the region's remarkable 20% market share. As more individuals and businesses recognize the importance of jewelry insurance, Asia Pacific's trajectory in the industry remains promising, positioning it as a key player in the global market.

South America Jewelry Insurance Market

According to Cognitive Market Research, Latin America, a region rich in cultural diversity and artistic heritage, also boasts a burgeoning jewelry market. From the indigenous-inspired designs of Mexico to the exquisite gemstones of Brazil, the region's jewelry industry showcases a blend of tradition and innovation. The demand for jewelry insurance in Latin America has been steadily rising, driven by a growing middle class and an increasing appreciation for fine jewelry. Consumers in countries like Brazil, Argentina, and Mexico are seeking comprehensive insurance coverage to protect their valuable jewelry pieces against theft, accidents, and other unforeseen circumstances.Latin America's jewelry insurance market, representing 5% of the global market share, reflects the region's cultural richness and evolving consumer preferences. Insurers are focusing on creating specialized policies that cater to the diverse tastes of consumers, ranging from traditional heirloom pieces to modern, trendy jewelry. As the region's economies continue to grow, coupled with increased awareness about the necessity of jewelry insurance, Latin America presents a promising landscape for insurers.

Middle East and Africa Jewelry Insurance Market

According to Cognitive Market Research, the Middle East and Africa region, known for its opulent tastes and rich cultural heritage, is home to a vibrant jewelry market. Countries like the UAE, Saudi Arabia, and South Africa have thriving jewelry industries, with consumers appreciating a wide range of exquisite designs, including traditional gold and silver jewelry as well as modern, innovative pieces. As the demand for high-end jewelry grows in the region, so does the need for comprehensive jewelry insurance. High-net-worth individuals, in particular, seek specialized insurance coverage to safeguard their substantial investments in precious gems and metals.The Middle East and Africa's jewelry insurance market, accounting for 4.00% of the global market share, reflects the region's affinity for luxury and elegance. Insurers are focusing on building trust with their clients, offering not only financial protection but also personalized services that cater to the individuality of each jewelry piece. As the market continues to expand, insurers are innovating their policies to include coverage for travel, theft, and even damage during events, ensuring that the region's jewelry enthusiasts can enjoy their treasures with a sense of security and pride.

Jewelry Insurance Market Analysis

Jewelry Insurance Type Segment Analysis

According to Cognitive Market Research, lost & theft insurance stands out as the dominant category in the jewelry insurance market due to its high demand and practical relevance for consumers. Jewelry, being portable and valuable, is vulnerable to being lost or stolen, making this category essential for individuals looking to safeguard their precious possessions. This type of insurance provides coverage against accidental loss or theft, offering financial protection and peace of mind to jewelry owners. With the rise in jewelry purchases and the increasing awareness about security, customers are inclining toward insurance policies that specifically cover these risks, making Lost and theft insurance the dominant choice. 

The damaged insurance category emerges as the fastest-growing segment in the jewelry insurance market. This growth can be attributed to the growing awareness among consumers about the vulnerability of jewelry to accidental damage. Jewelry items are prone to scratches, breakage, or other forms of damage due to everyday wear and tear. As people invest in high-value jewelry pieces, they seek insurance coverage that extends beyond just loss or theft. Damaged insurance policies provide coverage for repairs, restoration, or even replacement of damaged jewelry items, making it highly appealing to consumers who want comprehensive protection for their valuable possessions. The increasing demand for this type of insurance, driven by the need for comprehensive coverage, positions Damaged Insurance as the fastest-growing category in the market. 

• Damaged
• Lost & Theft
• Disappearance

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Jewelry Insurance Industry. Request a Free Sample PDF!

Jewelry Insurance Downstream Segment Analysis

Personal jewelry insurance emerges as the dominant category in the downstream industry of the jewelry insurance market. This dominance is driven by the vast number of individuals owning personal jewelry items, ranging from engagement rings to heirloom pieces. People emotionally value their personal jewelry, often passing it down through generations, making it crucial to protect these sentimental and valuable items. Personal jewelry insurance policies are tailored to the specific needs and preferences of individual owners, offering coverage for various types of jewelry, including rings, necklaces, bracelets, and watches.

According to Cognitive Market Research, commercial jewelry insurance emerges as the fastest-growing category in the jewelry insurance market. Businesses dealing in jewelry, such as retailers, manufacturers, and wholesalers, often handle high volumes of valuable inventory. Protecting this inventory against risks like theft, damage, or loss during transit is critical for their operations. As the jewelry industry continues to expand globally, businesses are increasingly recognizing the need for comprehensive commercial jewelry insurance coverage. This category's growth is further fueled by the rising number of jewelry stores, online retailers, and international jewelry trading, emphasizing the necessity for specialized insurance tailored to the unique challenges faced by commercial entities in the jewelry sector. 

• Commercial
• Personal

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion