I recently purchased a beautiful “A Cut Above” diamond and am now looking to have it mounted. The one piece of research that I did not do is, when I have the diamond mounted in a ring, who is liable if the diamond gets chipped along the girdle? Is the jewelry store responsible for damaging the stone or do I need to get insurance before I have the stone mounted ? After putting out this much money for a stunning diamond, I would hate to have it chipped and if it did happen then I would like to know what I can do to recover my loses.