Weddings Rings Shapes and Insurance

What you need to know for wedding rings.

Diamonds: A Guide to Diamond Shapes

EMERALD - This rectangular shaped stone is a very elegant and sophisticated look for a bride.

HEART - A truly romantic statement on any bride’s finger this stone’s shape resembles a heart.

MARQUISE - Beautiful as a solitaire, this diamond too is elongated diamond but has pointed ends.

OVAL - This perfectly symmetrical elongated shaped diamond adds length to fingers and is very popular among three stone rings.

PEAR - This shape is derived from combining both the marquise and the oval shaped diamonds. One end is beautifully rounded while the other leads to a point.

PRINCESS - This is a perfectly square shaped stone which has become increasingly more popular among brides today.

ROUND - A circular shaped diamond which has always been a popular and traditional choice for many brides.

TRILLIANT - Shaped like a triangle, the trilliant may have rounded corners or pointed ones and provides a perfect accent to a princess or round shaped diamond.

Appraisals and Insurance

Once the question has been popped, the marriage proposal accepted and the stunning diamond ring is on the finger, now is the time to think about taking care of the engagement ring.

Diamond rings are an investment. It shows the love and commitment to the relationship. It is an investment that will be a reminder years later, of how much time, energy and love was poured into the marriage. Like a relationship, a diamond ring needs care too. According to Colin Nash of Nash Jewellers in London, Ontario, the first step is to get the diamond ring checked and cleaned every three to six months. In doing so, this is a small part of the insurance that the ring is in tip-top shape. The claws are holding the stone properly, which will prevent the loss of the diamond. The mounting secure and the band is not thinning, which could cause breakage and at worst, loss of the ring itself. If weight loss has occurred and the ring is loose, make sure to have the ring sized, this is one way to guarantee against the loss of a valuable piece of jewellery, not only in monetary value but sentiment too.

The second step according to Colin Nash is to get the ring insured. Again, the investment of months of hard saving for the ring, the purchase and the memories would all be lost if the ring were to go missing or worse, stolen. Break-ins in Canada do happen and the targets besides small appliances and technological items are - jewellery! Jewellery is small and easy to hide on the burglar’s body and in pockets of clothing.

When the decision has been made to insure the ring, the next step is to have the ring appraised. Get in touch with a Jeweler, who has a Certified Gemologist Appraiser on staff. There are only 14 Certified Gemologist Appraisers in Canada. A Certified Gemologist Appraiser will give an accurate description of the diamond’s quality. They will look for stone damage, chips or marks or if claw damage has occurred and will disclose all information to the customer. The piece of jewellery is job-tagged with contact information and cleaned. Once the cleaning is done, they will record the 4 C’s, which are colour, clarity, cut and carat-weight. Measurements are taken and the gold is tested, to record what kind of gold it is, along with the price per carat of the diamond at the time because diamond markets do fluctuate. The Appraiser compiles all this information into a report for the customer. Nash Jewellers also takes a digital photo of the ring up to 10X for a clear and concise image, which they keep on file in their computer system along with a copy for the customer’s file. This is all done in order to give the insurance company a proper and modern retail replacement value, whether it was lost, stolen or damaged. It also is proof of what the actual piece looks like for insurance and police purposes.

The cost of an appraisal varies from company to company. It could start from $50.00 for the first piece and $40.00 for any additional pieces brought in at the time or could cost more or less.

Most Canadians purchase higher quality diamonds and spends approximately $2500.00 to $3500.00 on an engagement ring, which is a ring with a ½ (0.50) carat diamond to a 1.0-carat depending on wage and financial situation. Insure a ring that is over a thousand dollars. If the ring is less in value, make sure it is listed in the home insurance under Special Items or Personal. Even better, take a digital photo with a optical zoom of the ring and keep this photo and any other information (receipt of purchase) about the engagement ring in a safety deposit box at the bank.

If an appraisal file has been done, call an insurance agent and make sure to insure it for the full amount paid at the time of purchase or the amount appraised. Once insurance on the ring has been put into place, keep all these important papers in a safety deposit box. Any unworn and expensive jewellery would be best kept in the safety deposit box too. Safety deposit boxes are not expensive to keep. They are tax deductible and an investment towards piece of mind, same as the insurance on the ring itself.

The engagement ring is an investment towards a future life together, take care of that investment by following a few simple, precautionary steps towards guaranteeing that the ring will last for years to come and will be passed down to offspring and future generations.

For more information on planning your wedding visit my website http://www.getmarriedcanada.com