upgrade .. how does it work

[Kissmark]

I think some places offer upgrades in the future. how does it work? is it just as simple as sell back the old ring, pay extra, and get a bigger one? thanks

 

[BigDiamonds]

It depends on the store/vendor. Lots of B&Ms require that you double the value of the stone, so if you buy a $6k diamond now, you can upgrade and pay the difference, but your new stone must be at least $12k. In that case, you give them the old stone, fork over the cash, and get your new stone.

The best policies are lifetime trade-ups for the purchase price and don''t have restrictions on the amount you must increase. In this case, you get the full amount you paid towards whatever you want, as long as it''s of greater or equal value. A few places will only give you a portion of the purchase price after a certain amount of time (i.e. 100% within 5 years and 75% after that) so be sure to read the fine print.

 

[neatfreak]

Date: 5/29/2007 9:15:38 PM
Author:Kissmark
I think some places offer upgrades in the future. how does it work? is it just as simple as sell back the old ring, pay extra, and get a bigger one? thanks

Bigdiamonds is right in that there is often a new amount you need to "up it" by. Also remember that you''re not selling back the ring just the stone.