If you want your engagement ring fully insured, an appraisal almost certainly will be required. An appraisal assigns a monetary value to your ring and provides you with information that may be valuable if the ring is lost or stolen.
Grading Reports.
If you buy a loose diamond, it will come with a grading
report. This report describes your diamond according to
the four C’s and is an important document to keep
for your records. The grading report is not, however,
an appraisal. An appraiser will double check the grading
report for accuracy, but also assigns a value to your
diamond. The grading report assigns no value.
Who should appraise my engagement ring?
A ring appraisal should be done by an experienced gemologist-appraiser.
This is a person with both formal gemology education and
training as an appraiser. A Graduate Gemologist certificate
from the Gemological Institute of America is a good credential
to look for. Check out their website for more helpful
info on diamonds and engagement rings: http://www.gia.edu/.
Having your ring appraised by the jeweler you purchase
it from is not recommended.
