Supplier BulletinSep 18, 2025
Will Your Design Define 2026? Enter The Spectrum & Cutting Edge AwardsSponsored by American Gem Trade Association
MajorsDec 16, 2022
Lavalier Partners with Progressive on Jewelry Insurance
The new insurance policy combines Lavalier’s jewelry expertise with Progressive’s insurance know-how.
Lavalier and Progressive have partnered on a new plan called Progressive Jewelry Insurance by Lavalier.
New York—Lavalier has teamed up with insurance giant Progressive on a jewelry coverage plan.
Dubbed Progressive Jewelry Insurance by Lavalier, the plan will cater to those looking for standalone jewelry insurance or those who want extended jewelry coverage beyond their existing homeowners’ or renters' policy.
While homeowners’ or renters’ insurance may offer jewelry coverage, policyholders need to add a rider, or add-on, for the jewelry they want insured. Making a jewelry claim could affect the entire property insurance rate.
Through Lavalier and Progressive’s insurance, policyholders would get specialized “all risk” coverage, meaning the rate wouldn’t automatically increase once a claim is made.
The “all risk” policy covers the jewelry for loss, damage, theft, and disappearance, though there are some exclusions.
Newly purchased jewelry also will receive limited coverage if the owner already has a policy.
The policy does not cover intentional loss or damage, manufacturer defects, or rare situations like war and nuclear hazard.
If a piece is lost, policyholders can work with Lavalier’s network of jewelers or a jeweler of their choice to repair or replace an item.
The cost of a policy is about one to two percent of an item’s value, starting at $68 per year.
Lavalier may offer discounts if the policyholder has a home safe or a home alarm, if the jewelry is stored in a bank vault or safe deposit box, or if there is a gemstone grading report for the piece.
The maximum limit for a piece of jewelry is $50,000 while the maximum total limit on a policy is $150,000, though higher limits are available with company approval.
“We’re excited to be working with an experienced jewelry insurer like Lavalier,” said Drew Purcell, Progressive’s business development leader.
“For customers looking for specialized coverage beyond their homeowners’ or renters' policy, or even for customers just looking for a standalone jewelry insurance solution, Progressive Jewelry Insurance by Lavalier will provide customers flexible coverage options to meet their unique needs and peace of mind knowing that their items are protected against a wide range of risks specific to jewelry.”
Consumers can visit Progressive’s website to receive an instant online quote by entering their ZIP code, the value of an tem, and their choice of deductible.
Once paid online, the coverage is binding within minutes, said the company.
“It’s an honor to work with such a renowned insurance brand as Progressive,” said Lavalier Vice President Melissa Becker.
“Progressive seeks to be the destination of choice for insurance products, and the addition of our product enables Progressive customers to protect their jewelry with fully inclusive coverage from an insurer with decades of experience in insuring jewelry.”
For more information, visit the Progressive or Lavalier websites.
More on Majors
The Latest
SurveysSep 18, 2025
Deloitte Thinks the Holidays Will Be Merry, PwC Isn’t So Sure In its holiday report, PwC said the season will be more like jazz—improvisational and less predictable—than an easy-to-follow melody.
CollectionsSep 18, 2025
Ashley Zhang Launches Garçon New YorkThe designer, who is the creative force behind her namesake brand, has now started a new mini line focusing on chains for fathers and sons.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
SourcingSep 18, 2025
SSEF Opens Applications for 2 Gemology Education Scholarships The awards include tuition for a course at the Swiss lab, economy flights, and hotel accommodation.
Weekly QuizSep 12, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TechnologySep 18, 2025
Hill & Co. Launches AI Strategy ProgramThe 21-day program was designed to help jewelry retailers identify opportunities and eliminate inefficiencies with AI.
AuctionsSep 17, 2025
Mythical Set of Patek Philippe Pocket Watches Expected to Sell for $10M+A set of four Patek Philippe “Star Caliber 2000” pocket watches is part of Sotheby’s upcoming auction in Abu Dhabi.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
TrendsSep 17, 2025
Silvia Furmanovich’s Book Tells the ‘Journey of a Jeweler’The Brazilian jeweler’s latest book marks her namesake brand’s 25th anniversary and tells the tale of her worldwide collaborations.
WatchesSep 17, 2025
Bob’s Watches Acquires Vintage Rolex Won on ‘The Price is Right’ The Submariner Ref. 1680 with a Tiffany & Co. dial came from the original owner, who won it as a prize on the game show in the 1970s.
TechnologySep 17, 2025
Jewelers Mutual Launches Shipping Solution App for Shopify The new integration allows users to manage shipments directly from the Shopify dashboard.
EditorsSep 16, 2025
Out & About: 7 Great Quotes From Converge in CarlsbadAt Converge 2025, Editor-in-Chief Michelle Graff attended sessions on DEI, tariffs, security, and more. Here are her top takeaways.
CrimeSep 16, 2025
2 Robbery Suspects Killed in California Pawn Shop ShootoutSix people were shot last week at an Oakland cash-for-gold shop as employees exchanged gunfire with individuals trying to rob the store.
CollectionsSep 16, 2025
Chopard Adds New Designs to Its ‘Ice Cube’ Capsule CollectionThe jeweler has expanded its high jewelry offering, which launched last year, with new pieces featuring its cube motif that debuted in 1999.
SourcingSep 16, 2025
Natural Diamond Council Launches Retailer Accreditation ProgramBen Bridge Jeweler and Lux Bond & Green were a part of the pilot program.
EditorsSep 15, 2025
Skipping the Necklace, Embracing Snakes: The Best Jewelry From the 2025 Emmy AwardsAssociate Editor Natalie Francisco shares eight of her favorite jewelry looks from the 77th annual Primetime Emmy Awards, held Sunday night.
SurveysSep 15, 2025
Resilient Shoppers to Boost Holiday Retail Sales, Says DeloitteIt’s predicting a rise in retail sales this holiday season despite economic uncertainty and elevated inflation.
SourcingSep 15, 2025
Gemfields Achieves $32M at High-Quality Emerald AuctionIt included the sale of the 11,685-carat “Imboo” emerald that was recently discovered at Kagem.
SourcingSep 15, 2025
AGTA Elects 8 Members to Board of Directors The newly elected directors will officially take office in February 2026 and will be introduced at the organization’s membership meeting.
EditorsSep 12, 2025
Out & About: Mining Sapphires in Rock Creek, MontanaAssociate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.
TrendsSep 12, 2025
Piece of the Week: Arunashi’s Fordite and Rhodolite EarringsFordite is a man-made material created from the layers of dried enamel paint that dripped onto the floors of automotive factories.
Events & AwardsSep 12, 2025
Al Gilbertson Wins 2025 Robert M. Shipley AwardGilbertson has worked as a researcher, jeweler, lapidary artist, appraiser, and business owner throughout his decades in the industry.
Policies & IssuesSep 11, 2025
Supreme Court to Hear Tariffs Case in November A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.
SourcingSep 11, 2025
Need to Sell More Natural Diamonds? De Beers Has an App for ThatThe new, free app offers accessible educational content, like games and podcasts, for U.S. retailers.
MajorsSep 10, 2025
Stuller to Swap Gold Scrap for Full Credit to AccountAs the gold price rises, the manufacturer is offering a 100 percent payout through Sept. 30 for gold clean scrap.
SourcingSep 10, 2025
Tech Meets Style in the New Loewe x Jacob & Co. HeadphonesJacob & Co. partnered with the German technology company on two pairs of headphones, one set with diamonds and the other with sapphires.
TrendsSep 10, 2025
Tiffany & Co. Archival Jewels Bring Life to ‘Frankenstein’Guillermo del Toro’s 2025 “Frankenstein” will feature 27 jewels and objects from the storied brand, including pieces from its archives.
