- 5 years ago
- Wedding: May 2014
SO went into town today ‘on business’ and came back with my ring!! I’ve not been allowed to see it but the reason he told me that it had arrived is because the jeweller also appraised it for insurance and its come out at about 3 times as much as SO paid. Ok so he bought the stone separately online from a coloured diamond specialist in Israel-GIA cert and all, and then went to the jeweller for the setting which is custom platinum, 18ct yellow gold and 0.4cts white diamonds (I’ve seen all this from the appraisal). The setting cost about a grand (pounds) and the stone £3600 including import tax. So a £12800 appraisal seems a bit suspect.
We need to get it insured (even though its not yet on my finger!) incase the house gets broken into but do we insure to the level of the appraisal or to the actual cost paid or should we take it for a second appraisal somewhere else? I don’t see the point of insuring over the value its actually worth.
Other experiences of high value appraisals? Any UK specific things to be aware of? Thanks!!!!