Market Insights

Million-dollar red carpet gems require unique protection

All high-end pieces of jewelry must be insured in case of accident, theft or damage.

By Burns & Wilcox | February 22, 2019 at 09:20 AM

Million-dollar red carpet gems

This Sunday movie A-listers from around the world will promenade down the red carpet for the 91^stAcademy Awards, sporting garments created by a who’s who of designers, established and ascending. Designers and dealers vie for the coveted honor of outfitting celebrities with their jewelry and watches.

One report estimated the total value of jewelry and watches actors wore at the 2018 Oscars at over $30 million, and many of those items were loaned to them just for the occasion.

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