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How To Insure Your Diamond Jewelry

Updated on May 2, 2024

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

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wedding ring engagement ring diamond jewelry
Published on April 8, 2024
Updated on May 2, 2024

What makes us your trusted partner

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

Diamond jewelry is one of the most valuable possessions that you can own. Whether it is an engagement ring or a family heirloom, it is essential to protect it with insurance. Insuring your diamond jewelry will provide you with financial security in case of loss, theft, or damage. In this guide, we will provide you with all the information you need to insure your diamond jewelry. We will cover the following topics:

  • Why You Need Insurance for Your Diamond Jewelry
  • What Type of Insurance You Need
  • How to Choose an Insurance Company
  • What to Do Before You Insure Your Diamond Jewelry
  • How to Determine the Value of Your Diamond Jewelry
  • How to Insure Your Diamond Jewelry
  • What to Do If You Need to File a Claim
  • Why You Need Insurance for Your Diamond Jewelry

Diamond jewelry is not only valuable but also easily lost or stolen. It can also be damaged, scratched, or chipped. Without insurance, you would have to bear the cost of repairing or replacing the jewelry on your own. Insurance will provide you with financial protection in case of unexpected events such as theft, loss, or damage. It will cover the cost of repairing or replacing your diamond jewelry.

What Type of Insurance You Need

There are two types of insurance that you can consider for your diamond jewelry: homeowners insurance and specialized jewelry insurance. Homeowners insurance covers personal property, including jewelry, in case of theft, loss, or damage. However, it has limitations and may not provide adequate coverage for high-value jewelry. Specialized jewelry insurance is specifically designed to cover jewelry. It provides more comprehensive coverage, including loss or damage due to wear and tear, loss of stones, and damage caused by accidents.

How to Choose an Insurance Company

When choosing an insurance company for your diamond jewelry, consider the following factors:

  • Reputation: Choose a reputable company that has been in business for a long time and has a good track record.
  • Coverage: Look for a company that offers comprehensive coverage for your diamond jewelry, including theft, loss, and damage.
  • Deductibles: Check the deductible amount and choose a policy with a deductible that you can afford.
  • Premiums: Compare premiums from different insurance companies and choose a policy that fits your budget.
  • Customer service: Look for a company that offers good customer service and is easy to work with.

What to Do Before You Insure Your Diamond Jewelry

Before you insure your diamond jewelry, you need to do the following:

Get a professional appraisal:

Have your diamond jewelry professionally appraised to determine its value. The appraiser will provide you with a detailed report that you can submit to the insurance company.

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Take photos:

Take clear and detailed photos of your diamond jewelry from different angles. This will help in case you need to file a claim.

Keep receipts and documentation:

Keep all receipts, certificates, and documentation related to your diamond jewelry. This will help in case you need to prove ownership or value. How to Determine the Value of Your Diamond Jewelry To insure your diamond jewelry, you need to know its value. The value of diamond jewelry is determined by the following factors:

Carat weight:

The weight of the diamond in carats is one of the most important factors that determine its value. Cut: The cut of the diamond refers to how well it is cut and proportioned. A well-cut diamond is more valuable than a poorly-cut one. Clarity: The clarity of the diamond refers to the number and size of the inclusions or

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Client Reviews

Rebecca Schott
Rebecca Schott
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Nissan, David and his team were extremely accommodating, understanding and patient with our purchase. They took the upmost care to find the best solution for our needs and went above and beyond normal ‘customer service’ standards. I have absolutely no qualms recommending their products and services. Both were absolutely flawless. I will continue to sing them praises and will most definitely purchase from them again in the future. Thank you again!
Gershom Menachem
Gershom Menachem
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Great team of diamond experts who show personal care for the client’s needs and aftersales service. They really go the extra mile to make it happen no matter the challenges ahead. Rush orders, international shipping, upgrade service, jewelry repair, large diamonds, small items, precious stones. Very honest and open information to the clients. You will feel like talking to a friend.
Thom P.
Thom P.
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Bought a beautiful stone here for an engagement ring. I was a little apprehensive since you’re buying something unseen. But Cid made it easy. In fact, Nissan, the owner also gave a call to make me more comfortable. They sent me the stone to take to a local jeweler with only my Amex in case I bailed on them.
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