Post # 1
I have an old mine cut diamond that was my grandmother’s, and it is very old and has been reset many many times. Being as it is very old, it has several little notches around it where it has been nicked and hit against things, but it does not have any deep cracks. I want to get it reset into a setting I bought online and I took it to a local jeweler who had extremely good reviews online. The woman there said that they can reset it, and but their insurance will not cover it should it crack during the process, because of the already existing notches in the sides. She said that it is highly unlikely and that in 38 years they have only cracked one diamond that was in much worse shape than mine. She seemed confident but said that in good conscience she must warn me. I have encountered similar insurance issues while calling other jewelers. Would you get your diamond reset there? I do not have the diamond insured yet, and I could not afford to replace it. Thanks!
Edit: I’m not going to get it insured first because insurance won’t cover this type of damage anyway. The jeweler warned me that a rider wouldn’t cover it and my mother confirmed that she was correct.
Post # 3
@Floridagirl2010: Can you get the diamond insured prior to getting it set?
Take it to a jewelry appraiser, get it insured, and then get it set.
Post # 4
I would trust them. I think every jewellery store has that clause. I think its nice that they told you as well. i feel most would throw the clause at you AFTER it broke, if that should happen.
Just get the diamond insured before you go! 🙂
Post # 5
I would get it insured first. Then have it reset there. But I wouldn’t give it to anyone else without insuring the diamond first.
Post # 6
I’m not going to get it insured first because insurance won’t cover this type of damage anyway. The jeweler warned me that a rider wouldn’t cover it and my mother confirmed that she was correct. Knowing this, would you still have it reset there? I am going to get it appraised and insured right after the resetting so the insurance covers the entire ring.
Post # 7
I would. It sounds like she’s very knowledgeable and just wanted to make sure you understood the risks.
I’d definitely trust someone who seemed straight-forward and tried to educate me as a customer rather than someone who just said “Oh sure, we can do it”.
Post # 9
it sounds like you’ve done your research and there’s a risk if you take it to ANY jeweler. at least this one was up front.
Post # 10
An insurance rider probably would not cover this kind of thing, but I urge you to check with Jeweler’s Mutual to see if a seperate policy will cover it. They have really reasonable rates and policies that cover almost anything you can think of. I know you said you checked with the jeweler and your mom, but unless they are insurance agents who specialize in jewelry, then I’d look into that a little more.
Like others have said, if you’re stone is uninsured then any jeweler you take it to will have the same policy (though many will not tell you upfront), so if you want the ring re-set, then I think you’re going to have to trust your jeweler. As long as you have no other reason to doubt this jeweler, then I wouldnt worry.
Post # 11
Agreed, I know you don’t think insurance would cover it, but I would get more information from specific insurance places. Yes I would get it set their, it seems they were being responsible by giving you that information, and I think that sounds like standard practice. However agree with pp’s get it insured even if you don’t think it will cover this, you should have it insured because other things can happen to it other than cracking the stone, the insurance is really quite cheap.
Post # 12
I think that based on their good reviews and being very upfront with you about risks, that I would trust them to do the job.
Post # 13
Yeah, I think ya’ll are right. I’m going to look into Jeweler’s Mutual. I’m just worried because although the jeweler said 999 times out of 1000 nothing will happen, this is an heirloom piece that is special to me and I cannot afford another diamond this big any time soon.
Post # 14
I would. She sounds confident about what she’s doing and pretty straightforward with you.