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:
A diamond’s quality is measured by the four Cs: cut, color, clarity, and carat. Which is the most important and why?
When choosing a jeweler, be selective, find someone with GIA Graduate Gemologist credentials, who is affiliated with jewelry industry groups and professional associations. If you need help selecting a jeweler to work with, contact your independent insurance agent.
For an unbiased assessment of a diamond’s quality, ask your jeweler for a diamond grading report. It will document 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 color or clarity. The Gemological Institute of America (GIA) is the most widely used service and sets consistent standards for diamond grading and identification, so look for a GIA Diamond Grading Report.
Make sure to have your jewelry 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 jewelry reappraised to be sure your insurance is updated and reflects current values. Consult with your jeweler on an annual basis to have your item professionally cleaned and condition checked for any loose prongs or clasps.
Speak to an independent agent about your insurance needs.