brightstone
Shiny_Rock
- Joined
- Aug 18, 2008
- Messages
- 271
This is a follow up to my previous post today. Earlier, I was concerned because my appraisal only describes color and clarity of my diamond; it doesn''t say anything about the cut of my diamond, and in the case of needing to replace the ring, if lost, I wanted to get a comparable quality cut grade from the insurance (my cut grade is exxcellent). My thought was that if the appraisal doesn''t say anything about cut, they could replace my diamond ring with a diamond of any cut quality as long as it met the other specs listed on the appraisal (clarity and color). However, I just realized that although there is no description of cut in the appraisal, it does list the GIA report/cert # of the diamond (and therefore, the cut can be looked up online by the insurer, right???).
BUT, Someone reponded to my previous post with the following: "it is the description from the appraisal that you would submit (in case of needing to replace ring) and that will become the purchase order. If you want something to be one of the specs for the replacement jeweler, it must be mentioned in this description or it will become the default, which is whatever is commercially typical."
So my next question is: Since they are using the description on the appraisal, alone, for the purchase order, does the fact that the GIA report number is listed on the appraisal become a substitute for a detailed cut description on the appraisal document itself? OR must the cut description be specifically spelled out on the appraisal to be included as part of the purchase order and a GIA report number listed on an appraisal won''t replace a worded description of cut quality.
Phew! I hope I made sense there....
BUT, Someone reponded to my previous post with the following: "it is the description from the appraisal that you would submit (in case of needing to replace ring) and that will become the purchase order. If you want something to be one of the specs for the replacement jeweler, it must be mentioned in this description or it will become the default, which is whatever is commercially typical."
So my next question is: Since they are using the description on the appraisal, alone, for the purchase order, does the fact that the GIA report number is listed on the appraisal become a substitute for a detailed cut description on the appraisal document itself? OR must the cut description be specifically spelled out on the appraisal to be included as part of the purchase order and a GIA report number listed on an appraisal won''t replace a worded description of cut quality.
Phew! I hope I made sense there....
