Hi all, I have a quick appraisal question if you don't mind.
We've paid £3650 for my ring. That was after shopping around and haggling; the next best price we could get (exact same diamond and setting) was £4250. Then after that, £4500. I've also been looking at rings for a while, and about 6 months ago the stones would have been about 20% more (we bought when COVID was at it's worst).
I have seen people say to insure for what you paid. My concern is I do think we actually got a 'good' deal, and I don't know that I would want to shop around as much if I had to replace. So, I had been thinking I might insure for around £4.5k.
Thoughts?
We've paid £3650 for my ring. That was after shopping around and haggling; the next best price we could get (exact same diamond and setting) was £4250. Then after that, £4500. I've also been looking at rings for a while, and about 6 months ago the stones would have been about 20% more (we bought when COVID was at it's worst).
I have seen people say to insure for what you paid. My concern is I do think we actually got a 'good' deal, and I don't know that I would want to shop around as much if I had to replace. So, I had been thinking I might insure for around £4.5k.
Thoughts?