Post by bez » January 14th, 2005, 9:01 am
I am trying to insure a loose diamond that has been purchased for an e-ring. I had it appraised and contacted a local Chubb agent who told me it would be no problem. Chubb''s underwriters will not write a policy unless it is set in a piece of jewelry, even though they would quote it. The agent is a friend and did everything in his power to try and get Chubb to write the policy.

The setting is currently being made by Tacori and I really would like to have the diamond insured from the time it leaves my safety deposit box until it returns in the ring. Bailey Banks & Biddle is sending the stone via Fed-Ex(insured) to Tacori to be set. I know it''s covered when in Fed-Ex''s hands and Bailey Banks & Biddle''s hands, but you can''t be too safe.

Does anybody know how I can get the loose diamond insured? Thansk for your help!