Hi There!
I have been using this forum for quite a while now as I have found it to be very informative. I researched this forum and then bought my ring from whiteflash. I proposed recently and my fiancee could not be happier. I do have a question regarding the insurance of the ring.
The appraisal that was provided by whiteflash was way above the price I paid for the diamond with ring (double). It is a 1 carat hearts and arrows diamond with an AGS certificate (G, SI 1)
I got the ring reappraised from a certified gem laboratory who appraised the ring for an amount in between the price I paid and the appraisal whiteflash provided.
The problem is that the new appraisal does not state that the ring is ''hearts and arrows'', just the regular info on a GIA certificate (color etc.). When I came to insure the ring with State Farm I had the option of going with the newer appraisal and paying less but have the possibility of (God forbid), having the ring lost and then replaced with a ring that is a non hearts and arrows which would be of much less value to that what I paid for. I know this would happen after reading posts about State Farm.
The other option I had was to pay the higher premium on the ring based on the appraisal whiteflash provided, which states hearts and arrows. If the ring is lost then we would get a hearts and arrows ring replacement. I went for the latter but was this the right thing to do?
Any suggestions would be greatly appreciated.
Sorry for the length of the post.
I have been using this forum for quite a while now as I have found it to be very informative. I researched this forum and then bought my ring from whiteflash. I proposed recently and my fiancee could not be happier. I do have a question regarding the insurance of the ring.
The appraisal that was provided by whiteflash was way above the price I paid for the diamond with ring (double). It is a 1 carat hearts and arrows diamond with an AGS certificate (G, SI 1)
I got the ring reappraised from a certified gem laboratory who appraised the ring for an amount in between the price I paid and the appraisal whiteflash provided.
The problem is that the new appraisal does not state that the ring is ''hearts and arrows'', just the regular info on a GIA certificate (color etc.). When I came to insure the ring with State Farm I had the option of going with the newer appraisal and paying less but have the possibility of (God forbid), having the ring lost and then replaced with a ring that is a non hearts and arrows which would be of much less value to that what I paid for. I know this would happen after reading posts about State Farm.
The other option I had was to pay the higher premium on the ring based on the appraisal whiteflash provided, which states hearts and arrows. If the ring is lost then we would get a hearts and arrows ring replacement. I went for the latter but was this the right thing to do?
Any suggestions would be greatly appreciated.
Sorry for the length of the post.