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One of our insurer partners recently provided me with three examples of how much jewellery has increased over the last few years and it is quite staggering. Read further
Read more...The price of gold, diamonds and precious metals has risen dramatically over the last two to three years; general estimates suggest as much as 50-60%. As a result, the cost of jewellery has also risen by similar percentages. Sadly this is only highlighted to people when a loss occurs. Insurers will require either an estimate to repair or replace the item lost or damaged or use one of their recommended companies. It is then that realisation hits that the cost of replacing the treasured item has doubled and the sum insured is not sufficient. Read further
Read more...The recent down turn in the stock market is one of the contributing factors that has seen unprecedented rises in the value of precious metals. Silver is now worth about nine times more than it was ten years ago and the price of gold has risen by 50% in the last year alone.In a recent article for BBC news Phillip Diaper the manager of London’s oldest pawnbroker, Sutton & Robertsons commented “The price of gold has run away. A common garden gate bracelet ten years ago would have melted for £65; today it is worth £350. Read further
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