Insuring and Shipping High-Value Diamonds: A B2B Logistics Guide

Before a diamond is dispatched, the buyer and seller should agree in writing who arranges transport, who pays each cost, when risk transfers, and which losses are insured. The ICC Incoterms rules provide internationally recognized delivery terms, but the selected rule and any additional agreement still need to be stated in the contract.

Confirm Carrier Eligibility and Limits

Do not assume that a standard declared-value option covers loose diamonds. Ask the carrier or insurer whether the item, route, value, packaging, and delivery method are eligible, and obtain the applicable limits and exclusions in writing.

Document Chain of Custody

Record the person or company responsible at collection, in transit, at customs, and at delivery. Specify the required recipient, identification and signature procedure, and what happens if delivery cannot be completed.

Insurance: Transit vs. Storage Coverage

Confirm the insured party, insured value, deductible, geographic scope, start and end of coverage, storage conditions, and claim procedure. A carrier receipt, declared value, and insurance policy are different documents and may provide different protection.

Confirm the Terms for Each Order

Carrier availability, insurance, customs requirements, cost, and delivery time depend on the destination and transaction. S.RONEN DIAMOND LTD confirms the applicable shipping and risk terms with the buyer before dispatch. Contact us to discuss a specific order.