Insurance or no?

[cindygenit]

Hi everyone,

i have a diamond that i would like to set in a VC setting. I am in Australia, so before i send the stone to VC to be set, should i insure the loose stone? Or should i just send it to Larry uninsured, have him set the diamond, and then insure the ring when i get it back in 2-3 weeks???

also, i have read some threads where people discuss import duty etc on diamond jewellery that has been bought in the US. In my case, since i only bought the setting in USA, will i only be charged tax for the setting itself? Thanks in advance, i''m just trying to calculate how much more it will cost, and if a VC ring is really worth the effort.

-Cindy-

 

[D&T]

hey I read this "Jewelry sent to the USA from Australia is exempt from customs duty thanks to a Free Trade Agreement between these two countries which came into effect in January 2005" anyhow, about insuring, I would definitely insure the diamond as most jeweler are not responsible for diamond damage during setting even though they are super careful, things happen

 

[Ribbon Ring]

I''m not sure what they all claim, but they are still responsible for negligent acts.

 

[cindygenit]

Hmmmm,

i just spoke with Sara from VC (who is so great btw) and she said i would have to insure my diamond, insure the parcel that i send it in for the value of the diamond.

i think i should just order the setting and then have a local jeweller set the diamond locally.

D&T, r u sure about what u wrote? I have heard people buying jewellery in the US has to pay a certain amount of GST (maybe 10%)?

-Cindy-

 

[D&T]

Date: 5/27/2009 9:00:26 PM
Author: cindygenit
Hmmmm,

i just spoke with Sara from VC (who is so great btw) and she said i would have to insure my diamond, insure the parcel that i send it in for the value of the diamond.

i think i should just order the setting and then have a local jeweller set the diamond locally.

D&T, r u sure about what u wrote? I have heard people buying jewellery in the US has to pay a certain amount of GST (maybe 10%)?

-Cindy-

I got this off of Evamartin''s website, but it was exporting out of Australia, is it different coming and going out of Australia to USA? is my other question, I was looking into her for some other project. and she''s in Australia

 

[diamondseeker2006]

Gosh, I really think it is best to have VC set the stone in their setting. I know it is a lot of trouble being out of the country, though. I do think insurance is essential.

 

[cindygenit]

Thanks D&T, Diamond Seeker and Ribbon

Yeah i do think insurance is absolutely necessary, but the extra costs just makes me cringe

i don''t know what to do

Wait, if i fly to SF to have the ring made, I don''t have to pay GST on it when i fly back right??? As far as i can remember, i never had to pay any GSt on stuff i bought overseas while on holiday. Now how can i convince DF to go on a holiday to SF?

 

[D&T]

Date: 5/27/2009 10:00:19 PM
Author: cindygenit
Thanks D&T, Diamond Seeker and Ribbon

Yeah i do think insurance is absolutely necessary, but the extra costs just makes me cringe

i don''t know what to do

Wait, if i fly to SF to have the ring made, I don''t have to pay GST on it when i fly back right??? As far as i can remember, i never had to pay any GSt on stuff i bought overseas while on holiday. Now how can i convince DF to go on a holiday to SF?

Good luck though, it sounds like a fun excuse and vacation right? kill two birds with one stone... Sorry its such a pain to import/export out of the country.

 

[cindygenit]

Thanks D&T

i went to a local jeweller today and asked them for a quote for a similar design, and guess what... they are asking for the same amount of money VC has quoted me!!!

ugh, sometimes i hate jewelry shopping in Aus, they think they can charge an arm and a leg for a VC-esque design. And they told me it was handcrafted, but i just know it won''t be as special as an authentic VC =(((