Is Your Jewelry Properly Insured? Gold Prices Have Surged—Here’s Why It Matters.

If it’s been a while since you last updated your jewelry appraisal, it might be time for a second look—especially if your piece contains gold. Over the past decade, the value of gold has seen a dramatic rise. In 2016, gold was sitting at around $1,250 USD per ounce. Fast forward to 2025, and we’re now seeing prices consistently around $3000 USD per ounce—an increase of over 240%.

That shift doesn’t just affect the price of new gold jewelry—it directly impacts the value of pieces you already own.

Why This Matters for Your Jewelry Insurance

Your insurance appraisal is what your coverage is based on. If your jewelry is appraised at a 2016 value, but gold has increased significantly since then, your insurance payout may not cover the full replacement cost if something happens to your piece.

Many insurance companies recommend having your appraisal updated every five years, but with the recent market trends, we suggest checking even sooner—especially for gold-heavy items like chains, bracelets, or traditional wedding sets.

Key Points to Keep in Mind:

• Gold is a global commodity—its price fluctuates with the market, and it has steadily risen over the last decade.
  

• Your original appraisal may now be outdated, meaning your current coverage could fall short.
  

• Appraisals are more than just paperwork—they’re an essential part of protecting your investment.
  

• Insurance companies often require an up-to-date appraisal in order to process claims or renew your policy properly.
  
  

How GNM Can Help

We offer professional insurance appraisals right here in-store, and we’re happy to walk you through what’s changed since your last one. Whether you purchased your jewelry from us or elsewhere, we’ll give you a detailed, up-to-date evaluation that reflects today’s gold market and ensures your coverage keeps up with its true value.

We're here to make sure you’re protected—and that your beautiful pieces are insured for what they’re really worth in today’s market. 

📍 Visit us at 375 Main Street, Steinbach
 📞 Call or text us at 204-326-3917

(Updating an existing appraisal is $45 plus tax. Creating a new appraisal starts at $90 plus tax.)