I have searched previous posts and found some good information regarding appriasals and insurance but haven''t found the answer to my question. The situation is this, I bought a ring. I paid approximately $8,500 for the diamond and setting. The store gave me an appraisal and valued it at $13,800. I now need insurance and was wondering if I should get it appraised to try to get the value down because I know I can get a replacement for far less than $13,800. I don''t want to pay for coverage on a ring that does not cost that much to replace. I love the ring and have no issues with wondering if I paid the right price. I think the color, clarity and the like are accurate. Even if for some odd reason they are not I don''t plan on doing anything about it. The ONLY reason for the appraisal would be to get the value of the ring closer to the actual replacement value. Should I do this or should I go with the store appraisal?