At the tender age of 57 (in two days), I just purchased an engagement ring for the first time in my life. NEVER thought I would do this, and, yeah, I had sweaty palms right up until I clicked "Order"
. I researched diamonds/rings for a month...ended up buying a setting and an ACA cut from Whiteflash.
Some newbie questions:
-- Thinking about buying insurance from somewhere like Jewelers Mutual (since I see that name the most on Pricescope, I guess). I have read that usually appraisals are for ~20-50% more than cost, and I have read the various reasons....most of which are insurance company advantages in higher premiums. Do I ask for a "Replacement Cost" appraisal instead of a "Retail Cost" appraisal....is that how you approach it? Do appraisers work with you on that request, or do they not make that differentiation?
-- Or would JM allow me to just use my Whiteflash diamond ring receipt and AGS certificate to establish value?
-- Any appraiser referrals in So. Orange County, CA. ? Should I, or do I get to, watch/be in the room? How much should I pay for a basic appraisal in Southern California?
-- You can see how clueless I am and where I'm going with these questions...feel free to throw in any other advice, much appreciated!!
Some newbie questions:
-- Thinking about buying insurance from somewhere like Jewelers Mutual (since I see that name the most on Pricescope, I guess). I have read that usually appraisals are for ~20-50% more than cost, and I have read the various reasons....most of which are insurance company advantages in higher premiums. Do I ask for a "Replacement Cost" appraisal instead of a "Retail Cost" appraisal....is that how you approach it? Do appraisers work with you on that request, or do they not make that differentiation?
-- Or would JM allow me to just use my Whiteflash diamond ring receipt and AGS certificate to establish value?
-- Any appraiser referrals in So. Orange County, CA. ? Should I, or do I get to, watch/be in the room? How much should I pay for a basic appraisal in Southern California?
-- You can see how clueless I am and where I'm going with these questions...feel free to throw in any other advice, much appreciated!!