Appraisals???

So, with all the comments on getting the ring appraised, I thought I would address the issue. As with all precious jewelry, the engagement ring should be appraised immediately for two purposes. The first is because you want to ensure the value of the ring is accurate. More importantly, your insurance will need verification of the ring's price and value, in case it was misplaced, stolen or damaged. This would allow the insurance company to reimburse you. The jeweler would also need to know this information to find a comparable replacement or to re-create a stolen ring. So, when the engagement ring is purchased, you should request for an appraisal from the jeweler. Make sure the jewler is AGS or GIA certified; therefore, you know they are trustworthy and their estimation is reliable. The jeweler will give you a copy of the appraisal with a picture of the ring, and also keep one in his records. The AGS states appraisals should be conducted on all jewlery every five years, to adjust for changes in the market and wear on the items, as well as, the repairs needed. So, if your fiancee does NOT receive an appraisal with the engagement ring purchase, definitely have one completed ASAP. If they already have one, it is not necessary, unless you don't trust the source or just want to know the ring's value!!