Secure Your Wedding Ring: Get Insurance & Appraisal Now! | Canada

Finally, you have found the wedding ring of your dreams, and you can't wait to show everyone how it glitters and sparkles. After a long search, you've found the ring that looks like it's made for you and your spouse-to-be. But wait, it's not yet time to celebrate. You still need to do two essential things to ensure your ring is secured forever: getting wedding ring insurance and an appraisal. Find out more about your special jewelry insurance and why you need a wedding ring appraisal.

One of the first things that come to mind when we buy an expensive piece of jewelry is this: is my jewelry genuine or authentic? The second question sounds much like this: how much is my diamond jewelry worth? The certificates from GIA and EGI don't show the monetary value of natural diamonds. This leads to owners wondering how much their trinket is worth. Assessing a luxury piece's value is not easy and should not be done in an amateur way. That is why you need to get it appraised by a professional jewelry appraiser to know your ring's actual value. So, what exactly does it mean when you get your wedding ring appraisal? When your ring is appraised, you are presented with a piece of paper that tells everyone the exact value of your wedding ring. This is not the same as diamond grading. Instead of verifying the ring's authenticity, the jewelry appraiser will determine your ring's value and certify that you indeed paid a lot for it. The appraiser will consider everything -- the metal used, the diamond's grade, the number of diamonds, and other gems present in the ring -- to tell how much your ring costs.

Just imagine the amount of time you spent to find that wedding ring. Just consider how much money you have already spent on that unique ring. Imagine if the ring gets lost or is stolen from you; what is your source of protection? A jewelry appraisal is your proof of receipt if something terrible happens to your ring. Jewelry appraisals are also done to acquire insurance. Insurance companies insure a ring when they know how much is their total value. Getting it appraised is a good idea if you want to secure your ring for the future.

If you're planning to add a rider to your existing insurance policy, you need to get your jewelry appraised. Wedding rings often contain precious, luxurious stones that are helpful when getting a rider in addition to your insurance policy. Another plus side of getting your wedding ring appraisal is that if ever your ring is stolen, you can use that appraisal certificate as proof to the police, allowing you to claim jewelry that is rightfully yours. If protection for your precious jewelry pieces is what you are looking for, an appraisal is wise.

In the jewelry world, you know what to get from is essential. Take note that a gemologist's job is to verify the authenticity of your wedding ring. On the other hand, a jewelry appraiser can value your wedding jewelry. If you're looking for someone who can do both, ask a gemologist-appraiser to get the job done. Some jewelry stores offer a jewelry appraiser's service if you want to get your ring valued immediately. However, it is recommended that you get the job done by an independent appraiser, not from the jewelry store where you got your ring, since bias could be present.

If your choice of the store does not offer a jewelry appraiser's services, you can ask for help from the American Gem Society in helping you locate one in your area. In choosing a jewelry appraiser, make sure that a person has the following expertise: a formal education (signified by a Gem Graduate Certificate from the Gemstone Institute of America) and special training in jewelry appraisal. These two things can guarantee that this appraiser knows how to deal with your jewelry pieces and abides by appraisers' ethical standards.

Questions you can ask someone before letting them appraise your jewelry:
♦ What are the qualifications that make you eligible to appraise my jewelry?
♦ Do you have a certificate that you are a Graduate Gemologist?
♦ What is your appraisal organization? How long have you been a member of that organization?
♦ Do you take continuing courses that make your jewelry appraising expertise current?
♦ What is your area of specialty?

These are just some questions you can discuss before you say yes to an appraiser. Remember that making sure your appraiser is legit can save you from a lot of trouble later on.

Securing your ring can be quite a hassle and takes a lot of work, so imagine if you had to do those weeks before or weeks after your busy wedding day. It is recommended that you get your jewelry appraisal the same day you got your ring, so whatever happens to it, you can always make sure it's secured—added additionally, there is no need to worry about its security once you're out of the store. You can now focus on your wedding. Some jewelry stores offer appraisal services so you can immediately get one after your wedding ring purchase.

How does a jewelry appraisal work? What are the processes that are taken to make such a valuation? Jewelry appraisals are often done in front of the buyer. This is done to ensure that the gems and the stones embedded in the jewelry are not interchanged. It also ensures that the appraiser will not do anything suspicious. However, in many instances, this isn't always done. To protect your ring from being altered and to protect you from being scammed, be familiar with what they call the "plot diagram." A plot diagram includes the stones' characteristics, measurements, and placements. You can ask for the plot diagram from the jewelry store. Before handing your ring to the jewelry appraiser, ensure you have a value set that you have agreed upon. When the appraiser assesses your ring, always compare the jewelry to the plot diagram to ensure nothing has been changed and removed from the ring.

When an appraiser is going to handle your ring, be vigilant. Making sure that you truly know and understand your ring makes it hard for others to scam or take advantage of you.

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Jewelry appraisal, especially for your wedding ring, comes with a fee. You can find the appraisal fees either in the jewelry store where you got your ring or on the web page of the independent appraiser you want to contact. Where is the price based? The fees are parallel to the expertise, training, and specialties of the jewelry appraiser handling your wedding ring. Also, the time required to finish appraising your ring and the complexity factor is considered when creating a fee. However, some jewelers often charge their customers a flat rate that could increase based on the number of services performed.

One red light to watch out for is when jewelry appraisers present super low fees. Remember, one well-trained appraiser's expertise can range from $50-150 depending on the piece they will deal with. Be careful with super-low costs because they could get you scammed. Before saying yes to an appraiser, familiarize yourself with the minimum fee often charged by appraisers. This way, you will know if you are indeed getting the quality service you deserve. By ensuring that your appraiser is not a quack (fake appraiser), you limit yourself from being denied misrepresentation once you get insurance for your jewelry.

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Some people feel that getting a jewelry appraisal is a luxury. Perhaps while reading this, you may wonder, "Should I have my jewelry appraised?" Of course, the answer is yes. Having your wedding ring appraisal can help you in so many ways. First, you can be assured that your jewelry is not fake. Second, it offers protection; lastly, you can always use it for insurance purposes. Fourth, you can permanently preserve your symbol of love for a long time.

A wedding ring symbolizes your everlasting love for your significant other and the many years filled with happiness and the many great years ahead. Make sure you are protecting it the way it should be by getting it appraised. You may never know what will happen...it's good to be prepared.