Just bought a round brilliant - what's next?

[mears]

First, huge thanks to this website and community. Incredible source of information.

I just pulled the trigger on http://www.whiteflash.com/loose-diamonds/round-cut-loose-diamond-3016680.htm for an engagement ring.

I'm weighing my options for obtaining a setting. I have one on James Allen that I really, really like, but I can't get it in time for my planned proposal. I'm thinking about looking around locally due to my tight timeline (end of next week).

The questions I have now are:
* Should I get the diamond appraised as soon as I receive it (and before mounting)?
* If I find a setting locally, is getting it mounted in 4 or so business days a reasonable expectation?

 

[Amour_Et_Diamants]

I would have the diamond appraised before mounting. Not only will the appraiser have full view of the diamond, but in the event you are dissatisfied with what the appraiser has to say, you can return the diamond without having to pay an unnecessary mounting fee and such. As far as a jewelers turn around time for setting your diamond, four days seems reasonable, but this largely depends on the jewelers' work load. You may want to ask around and let the jeweler know upfront.

 

[msop04]

First, huge thanks to this website and community. Incredible source of information.

I just pulled the trigger on http://www.whiteflash.com/loose-diamonds/round-cut-loose-diamond-3016680.htm for an engagement ring.

I'm weighing my options for obtaining a setting. I have one on James Allen that I really, really like, but I can't get it in time for my planned proposal. I'm thinking about looking around locally due to my tight timeline (end of next week).

The questions I have now are:
* Should I get the diamond appraised as soon as I receive it (and before mounting)?
* If I find a setting locally, is getting it mounted in 4 or so business days a reasonable expectation?

Make sure you get the diamond insured before mounting... this way you're covered if it gets chipped or cracked in the setting process.

 

[Andelain]

WF doesn't have any setting that you like? That'd be my first choice for getting it mounted.

Oh, and nice stone!

 

[Stive85]

First, huge thanks to this website and community. Incredible source of information.

I just pulled the trigger on http://www.whiteflash.com/loose-diamonds/round-cut-loose-diamond-3016680.htm for an engagement ring.

I'm weighing my options for obtaining a setting. I have one on James Allen that I really, really like, but I can't get it in time for my planned proposal. I'm thinking about looking around locally due to my tight timeline (end of next week).

The questions I have now are:
* Should I get the diamond appraised as soon as I receive it (and before mounting)?
* If I find a setting locally, is getting it mounted in 4 or so business days a reasonable expectation?

Make sure you get the diamond insured before mounting... this way you're covered if it gets chipped or cracked in the setting process.

can you get it insured for mounting without appraisal? I know u need one to insure the ring... Also how would u get insurance for mounting process?

 

[jimyhoff]

What's the point of an appraisal if you have a GIA certificate and a receipt for the real world value that you just paid for the diamond? That seems like an unnecessary cost. I'm sitting here with a loose diamond in the same spot as you and getting an appraisal never crossed my mind.

 

[SHOWBIZ]

I bought my diamond online from James Allen and setting locally.

Once I received the diamond, I took it to get appraised locally. The purpose wasn't really to get it appraised, but to make sure I received what I purchased. If any issues came up during the appraisal, such as chips or improper grading, then I could still have time to return it and exchange for another. There is a cost for the appraisal, but to me it's minimal to ensure I have peace of mind of the diamond I purchased.

Jeweler's Mutual is able to insure your loose diamond prior to mounting it locally. They do not need any additional appraisal documents from you to insure your diamond since they are able to pull the certificates and invoice from many online retailers. You just have to email them a copy of the receipt for your setting that you bought locally, so that they can add that amount to your insured value. Once that is all in place, your loose diamond is insured during the mounting process.

One thing you need to consider is the ring size. If the ring needs to be custom ordered, you'll be looking at a few weeks.

 

[jimyhoff]

I bought my diamond online from James Allen and setting locally.

Once I received the diamond, I took it to get appraised locally. The purpose wasn't really to get it appraised, but to make sure I received what I purchased. If any issues came up during the appraisal, such as chips or improper grading, then I could still have time to return it and exchange for another. There is a cost for the appraisal, but to me it's minimal to ensure I have peace of mind of the diamond I purchased.

Jeweler's Mutual is able to insure your loose diamond prior to mounting it locally. They do not need any additional appraisal documents from you to insure your diamond since they are able to pull the certificates and invoice from many online retailers. You just have to email them a copy of the receipt for your setting that you bought locally, so that they can add that amount to your insured value. Once that is all in place, your loose diamond is insured during the mounting process.

One thing you need to consider is the ring size. If the ring needs to be custom ordered, you'll be looking at a few weeks.

Jewelers Mutual just told me if the value is over $10k they want an appraisal to reflect replacement value rather than what I paid because the jeweler could have been running a "sale" (yeah right). I think people tend to over insure their jewelery and I'm not sure why.

I'm more afraid of a local jeweler swapping my diamond than I am James Allen or whoever sending me one that doesn't match the GIA report.

 

[mears]

WF doesn't have any setting that you like? That'd be my first choice for getting it mounted.

Oh, and nice stone!

Girlfriend really likes three stone rings with emeralds and sapphires and WF doesn't stock any. They were willing to make something custom for me, but it would add to the turnaround time.

 

[mears]

Jewelers Mutual just told me if the value is over $10k they want an appraisal to reflect replacement value rather than what I paid because the jeweler could have been running a "sale" (yeah right). I think people tend to over insure their jewelery and I'm not sure why.

I'm more afraid of a local jeweler swapping my diamond than I am James Allen or whoever sending me one that doesn't match the GIA report.

Is there any reason to get separate insurance if you already have home owners?

 

[dk168]

Why not present the stone on its own to her, and let her choose the setting herself?

DK

 

[Bailey_Lou]

Jewelers Mutual will insure for the receipt value of the diamond and/or setting from Whiteflash. That's what I ended up doing and I didn't need an appraisal. However, if diamond prices go up I would go ahead and appraise for the new, inflated value that occurs when diamond prices go up.

 

[SHOWBIZ]

Is there any reason to get separate insurance if you already have home owners?

Depends on your home owner's insurance I guess, but when I checked with mine they said they did not cover loose diamonds that have not been mounted. So it seemed like Jewelers Mutual was the best choice for me since they cover the loose diamond, plus insure it during the mounting process as long as I provided them with the setting info.

 

[MarionC]

Jewelers Mutual just told me if the value is over $10k they want an appraisal to reflect replacement value rather than what I paid because the jeweler could have been running a "sale" (yeah right). I think people tend to over insure their jewelery and I'm not sure why.

I'm more afraid of a local jeweler swapping my diamond than I am James Allen or whoever sending me one that doesn't match the GIA report.

Is there any reason to get separate insurance if you already have home owners?

My Home Owners didn't cover chipping, breaking or loose stones. I have started insuring with JM and it's given me great peace of mind to just enjoy my diamond and not worry about it.

 

[artdecolover71]

in regard to your initial question, four day turnaround for the setting-totally depends on what you pick. If you are going to pick something in stock with no changes that might be reasonable but any modifications or sizing might take longer, I would check.