Economists recently reported that it seems that the higher amount an item is priced the more people are willing to pay for it, especially when it comes to diamonds and gold. These items are considered investments for many people, but is it truly and investment if the item is not insured? Jewelry insurance is one of those things that people often put off or just don’t think to get until the piece is lost or stolen and then the money that they paid for the luxury good is literally wasted.
If economists find that people are willing to pay higher dollar amounts for gold jewelry and diamond jewelry and any person that is a jewelry novice will agree that with diamonds today it is more about the quality of the diamond than the diamond size will people be willing to not only just insure a piece of jewelry but get an RFID chip for it as well? Hopefully they will.
By now Americans are aware of how credit cards are becoming even more convenient to use with radio chips embedded in the card that allows the user easy access when buying goods. The RFID is now available to put in jewelry that way should the piece be lost or stolen it can be tracked. The RFID is 0.05 millimeters by 0.05 millimeters which makes it perfect for any piece of jewelry and also any diamond size. Combine these RFID chips with jewelry insurance and the investment that one wish to make diamond jewelry or other pieces of fine jewelry will remain just that, an investment.
Other articles of interest: