Whether you’re buying an engagement ring or choosing a pair of diamond earrings, purchasing a diamond is a decision you don’t want to rush into. In fact, before you start looking for that special stone, you may want to invest a little time to learn more about diamonds and how to protect them.
Below are a few tips you’ll need to know before buying a diamond:
Get to know the four Cs.
A diamond’s quality is measured by the four Cs: cut, colour, clarity, and carat. Which is the most important and why?
Team up with a quality jeweller.
When choosing a jeweller, be selective and find someone with gemologist credentials (such as Gem-A in Britain) who is affiliated with jewellery industry groups and professional associations. If you need help selecting a jeweller to work with, contact your independent insurance agent.
Request a grading report.
In addition to certification certificates, you can also ask your jeweller for a grading report. This document will detail the specific characteristics of the diamond, including the four Cs, confirmation that the stone is natural or lab-grown, and will disclose any treatments or alterations the diamond has undergone to change its colour or clarity.
Protect your purchase.
Make sure to have your jewellery appraised and insured. Look for a Valuable Articles insurance policy that provides all-risk, worldwide coverage, including mysterious disappearance and automatic protection for newly acquired items. Periodically have your jewellery reappraised to be sure your insurance is updated and reflects current values. Consult with your jeweller on an annual basis to have your item professionally cleaned and condition checked for any loose prongs or clasps.
All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.
Chubb European Group SE (CEG). Operating in the UK through a branch based at 100 Leadenhall Street, London EC3A 3BP. Risks falling within the European Economic Area are underwritten by CEG which is governed by the provisions of the French insurance code. Registered company number: 450 327 374 RCS Nanterre. Registered office: La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. Fully paid share capital of €896,176,662.