believer420
New member
I bought an engagement ring last April for about $3.7k. It was lost, but insured and the independent appraisal for it was $4k. Insurance (which is supposed to cover the full cost of the ring) is saying it’s only worth $2k (about 6months after the appraisal). What’s the thoughts on the worth of this ring?
One sapphire and Diamond ring made in 14k white gold containing:
One(1) round faceted blue sapphire measuring approximately 6.00-6.20 X 3.8 millimeters and weigh approximately 1.21 carats (loose weight). This sapphire is lightly invited and is extremely dark blue in color with no brilliance. This stone does not show any indications of being treated. The stone is prong set.
Sixteen (16) round brilliant cut diamonds with approximate total weight of 0.20 carats (by formula). These diamonds have a clarity grade of SI1 and color G/H according to G.I.A. Grading standards. These diamonds are cut to class II proportions and are prong set, halo style.
The total weight of the ring is 2.30 dwt.
Am I getting screwed by the insurance company or jeweler and appraiser?
To add: the insurance asked for the appraisal last April, accepted it, and we’ve been paying a premium for the coverage of the ring.
One sapphire and Diamond ring made in 14k white gold containing:
One(1) round faceted blue sapphire measuring approximately 6.00-6.20 X 3.8 millimeters and weigh approximately 1.21 carats (loose weight). This sapphire is lightly invited and is extremely dark blue in color with no brilliance. This stone does not show any indications of being treated. The stone is prong set.
Sixteen (16) round brilliant cut diamonds with approximate total weight of 0.20 carats (by formula). These diamonds have a clarity grade of SI1 and color G/H according to G.I.A. Grading standards. These diamonds are cut to class II proportions and are prong set, halo style.
The total weight of the ring is 2.30 dwt.
Am I getting screwed by the insurance company or jeweler and appraiser?
To add: the insurance asked for the appraisal last April, accepted it, and we’ve been paying a premium for the coverage of the ring.