Reset insurance question

[natascha]

Hi, I don't know if this is the right forum, if it's not please don't hesitate to redirect me.
I have an antik ring that I am planning to reset. A new setting from DanielM and a new gem for the setting. The issue is that they are not responsible for possible damages during setting and my insurance does not cover it.
I live in Sweden and here insurances don't cover your jewlery when they are in the possesion of a jeweler, appraiser, etc. This because they are supposed to be covered by the one holding/working on the ring.
I checked Jewelers mutual but they only cover for Americans and Canadians.
What should I do?
Also, what are the probabilities that something would happen to the diamond?

 

[natascha]

Sorry for bumping my own thread. I would really appreciate any info about insurers that work with non US residents or how you have done when sending diamonds across the globe( any Aussies maybe?).
Thank you

 

[iota15]

Hmm.. (to help you bump) rather than use your current benchman, could you find another jeweler who would cover any damage? or has insurance?

Is it just the antique setting they have a problem with? (By the way, still LOVE your antique setting. Would love to see more pictures of it: http://www.kaplans.se/Kaplans/AuctionArt.aspx?vId=647188&plT=10888404&AuktID=1991)

 

[denverappraiser]

Most US insurance companies don’t cover damage done at a jeweler and those that do reserve the right to subrogate against the jeweler after you’ve been paid off. Most jewelers don’t accept breakage liability on things that they didn’t sell but there are a few who will. Ask around. They tend not to be the cheapest in town and they always reserve the right to refuse the job after they’ve had a chance to look at the stone and mounting in person but if you live near a large city I wouldn’t be surprised if you can find someone simply by calling around and interviewing them on the phone.

Note to jewelers who are reading this: There’s profit in these deals if customers call you with this question. Only you know what your breakage risk really is but if you’re decently good then it’s pretty darned low and the occasional hit you may need to take is more than offset by the additional fee you can charge for this service. 1% of the declared value should be more than enough to cover your risk and then some so to assume the risk on a $10k diamond, charge an extra $100 for the setting fee. It’s valuable to your clients and it’s profitable to you. Everybody wins. The only ones who should have a problem with it are the jewelers who don't have enough skill on the showroom floor to properly evaluate a job and those that don't have enough skill at the bench to avoid breaking things unnecessarily. Frankly I would recommend avoiding those groups anyway.