FAQs

One Covett share provides access to your piece for its lifetime. Owners have possession monthly for 5 consecutive days, plus 12 floating days per year to be used to cover holidays or special events The monthly service fee covers the piece for each of these 12 deliveries and collections, in addition to insurance, cleaning and maintenance

Covett is not only the intelligent way to own and invest in luxury jewellery, it is also hassle-free. The service fee covers insurance (worldwide loss or damage, no deductible), logistics, cleaning (and sanitising for earrings), and semi-annual maintenance. It will also cover any size adjustments made for sizing of watches or bracelets (where applicable). Currently the fee is set at 1.75 % of the cost of the share. This means if your share cost is £2000 (exclusive of VAT), your monthly service fee is £35.

This is what Covett is all about, the ability to own the luxury jewellery of your dreams; so you can spread your investment across pieces, and trade up when you are ready, as long as you have co-owned your piece for a year. We will apply your original share price to a new piece of greater value.

There are so many advantages and that’s why we needed to launch Covett when we had the idea. First and foremost, it’s the genius of co-ownership for luxury or high-end jewellery. Because often the utilization is low, it’s advantageous to have access to the jewellery of your dreams without making the full investment. In addition, if you want variety, Covett allows you to have ownership and access to many more pieces of your dreams. If you have questions which aren’t answered by our website or in these FAQs, please contact us at concierge@cove.tt

No, part of becoming an owner means you have agreed to the Covett Co-owner Terms and Conditions. In order for the piece to be insured you must either be wearing the piece, hand carrying it or have it locked in an safe which meets the specifications of the Covett Co-owner Terms and Conditions.

Initially, the piece will be delivered during a home visit by a member of the Covett team. This visit ensures that the owner’s safe meets specifications (cash rating) and allows us to meet each owner personally. After the initial visit, the piece will be delivered by a member of our team. The piece must be received by the owner and signed for. Collection dates and times will be prearranged and must be adhered to unless arrangements have been made in 48 hours in advance with the Covett concierge.

Each Covett share allows for access 12 months a year for 5 consecutive days per month, plus twelve floating days per year. We allow each owner to pick their top 3 dates per quarter. The calendar will open 3 months in advance for co-owners to schedule their pieces. Our goal is to make sure you have access to your piece when you want it. We will make every effort to broker trades with the other owners, however, we reserve the right to make the final decision on who has possession. Weeks cannot be carried over without trading for future dates with another owner. If your piece is unavailable, the Covett Concierge will attempt to find a suitable loan from the Covett vault, at a nominal fee and delivery charge.

The Covett Co-owner Terms and Conditions are very specific about return times and dates. If you have taken the piece out of town, you can use your floating days to cover the additional days you are away. However, if you are away and your jewellery is due to be returned, you must ensure the jewellery is returned via the approved method of transport, which will be agreed upon by the Covett Concierge 48 hours advance of the collection date.

Our partners work tirelessly to provide us with the best quality and pricing for the fine and high jewellery our owners want to Covett. The share price is therefore a representation of the cost of the piece to Covett, the price we sell the piece for, which is divided by the number of owners. Currently, our model is limiting the number of owners to 5, one of which is Covett. The pricing for unbranded pieces is variable, and you will see a difference between what a price retails for and the share price. The better the pricing we get for an unbranded piece, the lower the share cost in comparison to the suggested retail. Branded pieces will be sold at the retail price deemed by the brand.

Owners who knowingly violate the Covett Co-owners’ Terms and Conditions, will be refunded their investment, and removed from the platform. If their actions cause loss or damage, they will be held liable to the other owners for their original investment plus appreciation at the time of the loss.

For three reasons: 1. Insurance will only cover this type of business model if the company is a partial owner, 2. If the piece needs to be repaired, we can use Covett’s time to have it repaired, 3. This allows greater access to your piece, on impromptu dates, as the piece isn’t booked 365 days per year.

Covett is the intelligent way to invest in, protect and enjoy luxury jewellery. We always aim to sell Covett shares at below retail value, unless the piece is only available on the market at a premium (e.g. signed one of a kind pieces or vintage pieces). While we can’t guarantee each piece will appreciate, you can always resell your share(s) to Covett for the initial invested amount if you would like to trade up to a new piece. If you prefer, you can sell your share on the Covett platform (up to the appraised value), contingent upon there being a buyer.

Covett will purchase your share back for the original purchase price if you wish to trade up to another piece or will help you sell it on the platform for up to the appraised value. In order for Covett to buy back your share(s) you must own them for 12 months or more.

There are so many advantages and that’s why we needed to launch Covett when we had the idea. First and foremost, it’s the genius of co-ownership for luxury or high-end jewellery. Because often the utilization is low, it’s advantageous to have access to the jewellery of your dreams without making the full investment. In addition, if you want variety, Covett allows you to have ownership and access to many more pieces of your dreams. Members owning 5 or more shares have Open Vault privileges, which means they can trade pieces with other members in that same category. The white glove concierge services makes sure your pieces are insured and cared for to a very high standard. Every time your piece arrives, it’s like the first time.

All sales must be brokered through Covett to ensure all co-owners are vetted and agreed to the Covett Co-owner Terms & Conditions. We are happy to sell your share on our platform or buy the share back from you at the original purchase price (after a 12 month period) if you decide you would like to trade up to another piece.

You are the driving force behind what pieces we acquire at Covett; you tell us what you are covetting, and our luxury jewellery brokers go out to find these pieces at the best prices. You share what you covett with others and they also confirm when they are covetting that piece. If you covett a jewellery set, let us know. Our luxury jewellery brokers can source sets as well as individual pieces. In fact, we have several sets on our site right now.

We at Covett value your ability to access your piece when you want it. If you want to wear your piece and another owner has it, we will do our best to broker a trade of dates. If your piece is unavailable, the Covett Concierge will attempt to find a suitable loan from the Covett vault, at a nominal fee plus the delivery charge.

Yes, we only offer luxury jewellery for co-ownership, this means that certain specifications must be met with the safe where you store your Covett piece(s) when you have possession and are not wearing the piece. Hotel safes do meet these specifications, so you can rest assured when you travel with your piece(s).

Yes, you must own one or more Covett shares in order to be an owner. Our owners are vetted by us to ensure they meet a certain standard of care for co-ownership as set forth in the Covett Owner Terms and Conditions. You can join the Covett community by registering on the website.

Simply register with Covett on our website and you can join the community of avid Covettists, who have a passion for luxury jewellery. By joining our community you become part of the driving force of what is in our Covett vault and available for co-ownership.

Co-ownership is the intelligent way to own assets that have low utilisation. Luxury jewellery is an asset like a car, house, yacht, jet, racehorse. Co-ownership allows for the joint ownership of these assets without making the full investment. Rather than spending a large amount of money for a piece of jewellery that isn’t worn frequently, you have access to the piece you own when you want to wear it. AND you can have access of a variety of pieces for the price of one.