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A Girl's Best Friend

Insuring a diamond ring? Better get an appraisal first to determine whether the stones are mined or lab-created.

By Christine G. Barlow | Updated on October 11, 2012

While man’s best friend is always considered to be a dog, diamonds are frequently called a girl’s best friend—at least according to the movies. The jewelry industry has made diamond engagement rings a virtual must, and there are anniversary bands to add to the collection.

Because diamonds are valuable, they should be scheduled separately onto an insurance policy so that they’re covered for things that tend to happen to jewelry, such as dropping a ring down the sink or losing an earring. Stuff happens. An appraisal is needed in order to insure the jewelry—and a good appraisal will give specific details of the stone, such as weight, grade, measurements, diagrams of flaws, any chemical treatments to the stone and a photo of the item.

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