Liability question

[whiterabbit]

Hello all. I have a 60 point princess diamond that will be unset and mounted into a ring that I am having made.
This is the first time I've ever had a ring made and I suddenly had a scary thought.
If something were to happen to the stone, who is liable? Should I have it ensured for the process? I was planning on having the ring ensured once made.
Thank you so much for your help!

 

[Karl_K]

You are in most cases.
My understanding is if you insure the current ring with JM they will cover the stone while being set then you update the insurance description to the new ring.
@Wink may know more.
Confirm the coverage with JM either way as things change.

JM = jewelers mutual insurance

 

[MWM]

You are in most cases.
My understanding is if you insure the current ring with JM they will cover the stone while being set then you update the insurance description to the new ring.
@Wink may know more.
Confirm the coverage with JM either way as things change.

JM = jewelers mutual insurance

That's the way it has gone with out JM insured clients. Its easier to insure a complete piece that a loose stone. Do ask your JM contact to be sure. I suggest to verify with JM at every turn / opportunity.

 

[whiterabbit]

Would it be something I could put on my home owners insurance? Or is this a situation where JM would work best? I've never actually insured anything before.

 

[Karl_K]

We have no way of knowing if your home owners would cover it during a reset. Most wont and some will in some states and not in others.
You can always not renew with JM and get other insurance later if you want and the rates are less.

 

[whiterabbit]

Okay! I just got off the phone with JM and have purchased a policy.
Thank you so much for your help!

 

[OneKuhlChic]

Okay! I just got off the phone with JM and have purchased a policy.
Thank you so much for your help!

That's a great question. A jeweler damaged my spinel while setting it in my ring. I also know of someone who's sapphire was damaged by a jeweler when she brought it to be set in a ring.

 

[Karl_K]

Okay! I just got off the phone with JM and have purchased a policy.
Thank you so much for your help!

Did you ask about the reset coverage and did they confirm they covered it?

 

[whiterabbit]

Yes, I told the rep that I wanted the coverage specifically for the possibility of being damaged while being set and would adjust the policy once the ring is made. She did say that it would be covered.
Thanks again for the advice. I am feeling a lot more relaxed about this now.

 

[Karl_K]

Yes, I told the rep that I wanted the coverage specifically for the possibility of being damaged while being set and would adjust the policy once the ring is made. She did say that it would be covered.
Thanks again for the advice. I am feeling a lot more relaxed about this now.

Thanks for the confirmation.
Your welcome!

 

[Texas Leaguer]

@whiterabbit ,
The most vulnerable areas on a princess are obviously the points. And unfortunately there are four of them! (5 if you count the culet, but it never feels prong pressure and is usually fully protected from incidental damage by the mounting itself.)

If the diamond has any inclusions in the tips, the risk of damage in setting goes up. Choice of prong style comes into play here as V-tips are safer to set and offer somewhat more ongoing protection to the diamond than regular prongs.

Making sure your insurance policy protects you in the re-setting process is very wise. That is the time of most danger for any diamond, because of the pressure a jeweler must bring to bear on the stone in order to set it securely. Once safely set, it can be worn with a high degree of confidence. Insurance is still recommended to protect against theft or loss, as well as accidental damage.

And choosing JM is really smart for several reasons. They are jewelry specialists and have a long and excellent reputation. And if you do have a claim with them, it will not affect your rates on other insurance you carry.

 

[frankff]

@whiterabbit ,
The most vulnerable areas on a princess are obviously the points. And unfortunately there are four of them! (5 if you count the culet, but it never feels prong pressure and is usually fully protected from incidental damage by the mounting itself.)

If the diamond has any inclusions in the tips, the risk of damage in setting goes up. Choice of prong style comes into play here as V-tips are safer to set and offer somewhat more ongoing protection to the diamond than regular prongs.

Making sure your insurance policy protects you in the re-setting process is very wise. That is the time of most danger for any diamond, because of the pressure a jeweler must bring to bear on the stone in order to set it securely. Once safely set, it can be worn with a high degree of confidence. Insurance is still recommended to protect against theft or loss, as well as accidental damage.

And choosing JM is really smart for several reasons. They are jewelry specialists and have a long and excellent reputation. And if you do have a claim with them, it will not affect your rates on other insurance you carry.

Hello, Bryan, Karl and others with experience

I am purchasing a setting (I have the stone 1.81ct 7.89x7.86x4.78mm)
They are giving the options of pre-setting a 1.5ct 4 prong vs 2ct 4 prongs for my local jeweler to set the stone later. which one should I choose? Does it make a difference? Do they come in different sizes in general?
Thank you guys for your help!!!

 

[Karl_K]

@frankff can you post a picture of the setting?

 

[frankff]

here it is but it will be with 4 prong
Thank you Karl!

 

[Karl_K]

2ct is the closer size and generally going bigger is better with that type. Others may disagree.

 

[frankff]

Thank you!!
I did not know they come in different sizes. is there a size for every 0.5ct usually?
One last question if the ring and the band are stacked (3.5mm each =7mm) should I size up both rings by 0.25 or 0.5or leave one or both as true size?

 

[Karl_K]

Thank you!!
I did not know they come in different sizes. is there a size for every 0.5ct usually?
One last question if the ring and the band are stacked (3.5mm each =7mm) should I size up both rings by 0.25 or 0.5or leave one or both as true size?

yea .5cts generally but not always.
Talk to your vendor on sizing as there are a lot of variables