old miner cut diamond and ring insurance by: Anonymous
Hi,
So sorry to hear that your ring was stolen....that stinks! Unfortunately, you may have difficulty recovering the cost of the ring, without having an appraisal from a certified jeweler to share with your insurance company. Even if you did, the ring probably wouldn't be worth more than $1,000-$2,000. Contrary to popular belief, diamonds do not retain their value over time.....they are like new cars...once you take them off the lot, they seriously depreciate. The other thing to be concerned about, if you are going to file a claim for your ring, with your home-owners's policy...is that they may raise your future premimums....thus, it may not be cost-effective to file a claim.
