I ordered an engagement ring off of James Allen and received it a couple of weeks ago. Prior to my purchase, I spent about a month researching online about choosing a diamond and then searched through the loose diamonds on James Allen. My priority was an excellent cut and I used very specific filters based on my research (before this I knew absolutely nothing about diamonds or jewelry, but the diamond I received, in my opinion, has excellent sparkle and fire!). The diamond I ended up choosing is a Round Brilliant, .82 carat, G, SI1 (eyeclean), triple excellent, no fluorescence. The ring came with an appraisal, but it only lists the carat, color, clarity, and the appraised price. I paid $4900 (the setting was on sale for 25% off - without the discount the price would have been $5340). James Allen appraised the ring for $6675.
I want to get insurance, and am leaning towards Jewelers Mutual because of their relationship with James Allen. What I am unsure of is whether or not I should obtain an independent appraisal. Jewelers Mutual told me that if obtain my quote with them through my order on the James Allen website, that they will receive all of the information of my ring including the appraisal, SKU, and GIA certificate, and that they would definitely be able to refer to the GIA certificate should something ever happen.
In this situation, is an independent appraisal recommended? I know that Jewelers Mutual told me that what I have is sufficient for their coverage, but I don't want to take a shortcut if it would be better to get an independent appraisal done (although I really don't want to if I don't have to). Is there any benefit to an independent appraisal in this case? I spent days reading through past posts on here, but still haven't come to a definite conclusion... I did also look into Lavalier for insurance, but spoke with them and know that I would definitely need an independent appraisal done if I were to go with them.
I want to get insurance, and am leaning towards Jewelers Mutual because of their relationship with James Allen. What I am unsure of is whether or not I should obtain an independent appraisal. Jewelers Mutual told me that if obtain my quote with them through my order on the James Allen website, that they will receive all of the information of my ring including the appraisal, SKU, and GIA certificate, and that they would definitely be able to refer to the GIA certificate should something ever happen.
In this situation, is an independent appraisal recommended? I know that Jewelers Mutual told me that what I have is sufficient for their coverage, but I don't want to take a shortcut if it would be better to get an independent appraisal done (although I really don't want to if I don't have to). Is there any benefit to an independent appraisal in this case? I spent days reading through past posts on here, but still haven't come to a definite conclusion... I did also look into Lavalier for insurance, but spoke with them and know that I would definitely need an independent appraisal done if I were to go with them.