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The Soaring Need For Insurance For Diamond Jewellery In Uae

By Expert Author: kennedy john

The number of people buying diamond jewellery in UAE has seen a considerable surge. Diamond jewellery being a quintessential investment has made shoppers realize the crucial calling to insure against the theft or the loss of the products. However, the value of the diamond jewellery has proven to be an insignificant factor in deciding whether the customers opt to insure the products. a few surveys have been conducted by professional firms, whose results and outcome has shown that in most cases, the customers tend to opt for affordable insurance against existing premiums on diamond and jewellery that are unreasonably priced. The insurance options being offered for the diamond jewellery in UAE has proven to be quite a boost for consumer confidence according to different areas involved in surveys. Such statistics from the customer base to the different firms offering diamond jewellery in UAE is based a diverse range of people, including expatriates, tourists and of course the nationals of different age groups. In opting for the insurance options that are offered for the different types of diamond jewellery that is made available, the general trend amongst customers is to ensure that the premium remains below three per cent of the value of purchase. However, a huge number of women who are major customers to the areas of diamond jewellery in UAE have expressed their inclination towards insuring their jewellery immaterial of the premium and other factors. Despite such trends, the fact that most of the retailers of diamond jewellery in UAE not offering insurance has made it specified that the customers opt for other home insurance providers and their services to insure their jewellery, thereby incorporating the value in the premiums of these insurance options. However, certain drawbacks like the add-ons payable for these being quite unreasonable has resulted in the customers voicing out their need for the retailers offering insurance options for their products. Thus, some of the experts have come out to express their opinions that support the need for the retailers and insurers to work on affordable insurances that will help boost the diamond trade. While the current trend amongst clients is to opt for insurance from other companies, experts suggest that the offer of insurance by the retailers of diamond jewellery in UAE, at the time of purchase offers a practical solution and a feeling of security for the customers. Besides, the enhanced value proposition that the experts believe comes with the offer of insurance has the different firm s thinking in terms of incorporating the services. In possessing information like the grade and value of diamond is one of the major reasons that enable the retailers of the diamond jewellery in UAE to be able to offer effective insurance when compared to individual insurance firms that generally do not possess such data. As a result, in cases where the retailers are not able to offer insurance the offer of international diamond laboratory certifications have enabled the insurers to gain sufficient data. To learn more about the trends of the areas visit the websites of the retailers in the domain of diamond jewellery in UAE

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