Will Chubb, Jeweler''s Mutual, or any insurer insure an unmounted stone?

[Regular Guy]

Many Pricescope readers want to be able to buy a diamond over the internet, and have it set locally, or in some other fashion -- later -- but want their diamond insured meanwhile, and especially, while it's being set, when the place they bought their diamond is not doing the work. This has been discussed a lot at one time or another, I brought forward some background in my November 19 post here, but fear the idea got buried.

Though reportedly, Chubb will somewhat liberally insure diamonds, once you find one of their brokers to help you, I'm guessing they stipulate it should already be mounted. Jeweler's Mutual seems to say one thing on these boards, and another when you fill out their application. I think standardly, this is not otherwise done (insure without it being set already).

Does anyone know better?

Thanks in advance!

 

[Regular Guy]

Somewhat oddly, Jeff from Jeweler''s Mutual did confirm in the above referenced thread that they have this new service available:

"Our shift in philosophy on insuring loose stones that will be set(ie...via an appraisal of the loose stone including the setting) provides an opportunity for many buyers to obtain coverage that they did not have before...."

But he has not...at least yet...responded to the discrepancy between this text, and what seems presented when a customer applies for their insurance. Though one would hope this is an administrative snafu, and oversight, just not worked through the system yet...it would be helpful to both hear this is the case, and as well, see the resolution of this discrepancy.

Also, obviously, still no word from anybody from Chubb (or anyone else). I''m guessing they either don''t lurk here, or simply also don''t provide this service, and so have no good reason to show their heads in this thread.

 

[jaz464]

I called Jewelers Mutual recently to find out about this. I was told they will not insure loose stones.