With the purchase of your diamond engagement ring or jewellery we will also include an appraisal of the approximate replacement value of the jewellery. This appraisal is especially valuable for insuring your jewellery, as it ensures your insurance company will give you an equal replacement for your jewellery, in the case of loss, theft, or damage.
An appraisal is an opinion regarding the authenticity, quality, design and replacement value of a piece of jewellery. Many people believe that the declared value is the most important aspect of an appraisal however an accurate description of the piece’s design and components (the metal and stones) is really the key to establishing a precise evaluation. Insurance companies generally require that your precious jewellery be appraised every 2 to 5 years in order to keep values current and premium payments in line with changing market conditions.