Any Kays rings? Grading?

posted 3 years ago in Engagement
Post # 2
Member
9595 posts
Buzzing Beekeeper
  • Wedding: September 2015

It’s normal as in people buy uncerted from big chains all the time. It’s not the ideal way to buy diamonds but if you love it and it’s past the return period oh well! It would only affect you if you tried to sell it.

Post # 3
Member
1246 posts
Bumble bee
  • Wedding: August 2018

How long is your warranty?  No papers may impact your ability to obtain insurance for the ring. 

Post # 4
Member
34 posts
Newbee
  • Wedding: October 2017

A GIA certified diamond is always better, especially if you have a solitaire. If you have a ring composed of many smaller diamonds, it’s not a huge deal but it may impact the insurance and/or replacement value. If, God forbid, you ever need to sell it, a GIA stone will likely get a higher price and it lets the buyer know exactly what they are getting. 

Post # 5
Member
548 posts
Busy bee
  • Wedding: August 2016

You can still get it appraised somewhere else or maybe ask Kays to do it

Post # 6
Member
1815 posts
Buzzing bee
  • Wedding: June 2016

Ask them if they’ll provide an appraisal with the purchase / many stores will for insurance. If they say ‘the receipt is all you need’ – say you need a proper appraisal with description (eg. 14 kt white gold solitaire weighing 3.4 grams. Shank is domed comfort fit band measuring 2.5 mm wide x 1.5mm high. Contains a 2.09 carat M coloured, I3 clarity, Fair cut diamond. GIA certificate #1110011. Replacement value $2560). 

Thats the sort of thing you want on your appraisal. If they won’t do it you can usually get an appraisal for about $70-85 (Canadian) – which also usually contain a photo of the ring in case its stolen for easy indemnification. It’s a good idea to have appraisals of your rings for insurance (check your homeowners or rental insurance – usually they cover up to a certain amount of jewellery (mine covered $2000). Once I upgraded my e-ring I needed to add more insurance)

 

Post # 8
Member
34 posts
Newbee
  • Wedding: October 2017

I agree with mishybear.  You need a real appraisal.  They have nothing prepared for you? Perhaps he paid a lot more than the actual “replacement value” of the ring and they don’t want him to know? I know for my ring, he bought the diamond separately and took it to be custom made at a private jeweler.  They wouldn’t even touch it until he had proof of insurance. Our homeowners insurance wouldn’t cover the diamond because of the replacement value, so he had to get a separate policy, which required a detailed appraisal and the GIA cert.  I would think they would have to give you something that states the value if you ask. 

Post # 9
Member
379 posts
Helper bee
  • Wedding: June 2017

My ring is from People’s, which is the Canadian Kay’s and I never got anything but a receipt and the warranty also, not that I cared. I believe you have to pay for an appraisal for the paperwork you’re looking for. 

As for the rewards dollars, Kay’s usually SAYS you’re getting $3000 in rewards (we got $1500 since we paid half what you did), but it’s only $100 off of every $300 purchase. So if your FIs ring cost you $900, you’ll get  $300 back. It is not just “free money”, gotta read the fine print!!

Post # 11
Member
658 posts
Busy bee
  • Wedding: July 2016

My diamond set is from Kays….definitely not my favorite store in the world (long story), but I love my ring so oh well! My center stone was only half a carat (tcw more than 1 carat, so a bunch of smaller diamonds as well) and it did not come with any paperwork. I still wanted to get it insured though so I got an appraisal done by an independent gemologist, which I submitted to my insurance company. Thankfully my husband paid quite a bit less for the set than what it was appraised for….if he had paid full retail price, it would have been almost equal to the appraisal value, yikes! Usually your ring should have an appraisal value more than what you paid for it! 

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