Jewelry & Watches: Underwriting, Theft/Loss And Recovery-Jewelry & Watches: Underwriting, Theft/Loss And Recovery

Video Transcription

Video Summary

The webinar discussed underwriting, theft, loss, and recovery of jewelry and watches, with a focus on market trends, protection measures, and real-life examples of theft incidents. It emphasized the importance of appraisals, insurance coverage, and securing valuable items. The speakers shared insights into the challenges and strategies involved in recovering stolen watches, including engaging with law enforcement and auction houses. They highlighted the risks of watch theft in different situations and recommended safe storage methods and insurance coverage. The speakers also addressed the issue of fraud in the watch market, advising on documentation of purchases and precautions to prevent theft. Emerging industry initiatives like unique watch clasp technology and certification services were discussed as preventive measures against theft and fraud.

Asset Caption

Date of Publication: November 8, 2023
Duration: 93 min

The global jewelry market was valued at $341 billion in 2022. The market presents significant opportunities and challenges. This session focuses on underwriting, loss prevention, and recovery.

Topics covered include:

Key elements of a professional jewelry appraisal and the importance of lab reports
Market trends, new collectors (Gen Z and Millennials) and frequent causes of loss
Security issues - safes and alarm systems
Theft, recovery and valuation

Meta Tag

Module Fine Art

Keywords

underwriting

theft

loss

recovery

jewelry

watches

market trends

protection measures

appraisals

insurance coverage

law enforcement

auction houses

safe storage