True peace of mind

True peace of mind

In 2006 Diamond Guild Australia sought to develop an unparalleled jewellery insurance product that would serve the needs of the clients of our member jewellers by offering a comprehensive, global stand alone jewellery insurance policy.


In partnership with highly respected Australian insurance broker Quattro Risk Management (formally Finn Foster APB) and underwritten by Lloyds of London, the Guild established a unique insurance product called Diamond Guild Australia Mastercare Valuable Items Insurance.

Photo: Percy Marks Jewellers


Mastercare Insurance is unique in its level of cover and guarantees that the policyholder receives the true full replacement value and guarantees that our clients can have their precious pieces replaced by the jeweller that created them.

In addition, clients without existing home or contents policy can now comprehensively insure their pieces from the point of purchase with a standalone policy that offered world wide, all risk global cover. This makes it the perfect choice for first jewellery purchases such as engagement and wedding rings.

To ensure that the highest quality of cover is offered at the most competitive of premiums Mastercare Insurance is offered exclusively via Diamond Guild Australia Member Jewellers .

Features of Mastercare Insurance Cover

Peace of mind…

  • Underwritten by Lloyds of London
  • All risk, comprehensive, worldwide global cover
  • Immediate cover effective from time of purchase
  • Prompt resolution of claims

The highest quality cover at a competitive price…

  • Market leading low policy premiums
  • The guarantee that the sum insured is the sum paid on all claims
  • Up to 125% replacement value on items of appreciable value such as pink diamonds
  • Cash payout of claims if preferred
  • No excess payable on claims ever
  • No administrative or establishment fees charged on purchase or renewal

Insurance cover just for jewellery…

  • Developed by Australia’s leading jewellers specifically for jewellery and precious items.
  • Offers the highest level of cover and personal locally based service
  • Comprehensive cover for a single item or multiple pieces that can be added to over the life of the policy – perfect for first jewellery purchases such as engagement rings.
  • Endorsed by Diamond Guild Australia - Australia’s foremost Jewellery industry association


Full value replacement

Choose Mastercare insurance to be assured that your precious items will be replaced by the original jeweller for the full value.

Australian Owned

Have confidence in an insurance product that is Australian owned and administered locally by Quattro Risk Management (formally Finn Foster APB).

Immediate Cover

Enjoy the convenience of immediate cover from the moment of purchase before even leaving your jewellery's store.

Easy setup and renewal

Easy policy establishment and renewal process that can be completed in-store or online.

Stand alone policy

Access to a stand alone jewellery policy without the requirement for existing home and contents cover.

Single or multiple item cover

The ability to cover a single piece of jewellery such as an engagement ring, or multiple pieces as required.

Add more items

Have the flexibility of being able to add more items to your policy (subject to valuation) such as wedding rings and existing jewellery (subject to valuation).

Exclusive cover

Exclusive high quality jewellery cover offered only via Diamond Guild Australia member jewellers to their clientele.


As Mastercare insurance Is offered exclusively through Diamond Guild Australia member jewellers our premiums are market leading and highly competitive offering the highest quality cover at the best price.

As your jewellery is as unique as you are a tailored premium calculation can be obtained to suit your specific needs. To obtain a quotation please contact one of our members in your state or contact us.

To Find Out More…

Contact Master Care

Member Locations

Please note that Mastercare Insurance cover is exclusively available through a participating Diamond Guild Australia member jeweller. At this time, cover can only be extended to pieces purchased from our members. Existing pieces owned by the clients of our members may also be able to be added to a policy if submitted for revaluation and at the discretion of the member jeweller. Items purchased from a non Diamond Guild Australia member are not eligible for cover under the Mastercare programme and we would recommend contacting your general insurer to arrange cover.

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