About the Old System of Insuring Jewels in Amsterdam

Diamonds and other precious stones were insured against all risks of transport when they were shipped to Holland to be cut.

In the "Insurance Cyclopaedia" (1871--1877), we find, under the head of "Amsterdam," an account of the "Marine Insurance Ordinaire" there promulgated in 1598, curious as containing a form of policy, under which the diamonds and other precious stones sent to Holland to be "cut" were insured against all the risk of transport on land and on water, including robberies and thieves, and all other perils and adventures. This system of insurance is practised at Amsterdam to the present day.


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