Can diamonds be insured?

Yes! Just like a mined diamond, laboratory grown diamonds can be insured. In fact, by choosing a lab-grown diamond

lab-grown diamond
Unlike diamond simulants (imitations of diamond made of superficially-similar non-diamond materials), synthetic diamonds are composed of the same material as naturally formed diamonds – pure carbon crystallized in an isotropic 3D form – and share identical chemical and physical properties.
https://en.wikipedia.org › wiki › Synthetic_diamond

, you'll not only save money on the diamond itself, but you'll also save money on the annual premium of the insurance policy due to the lower overall cost of the insurable piece.

Are diamonds covered by insurance?

Homeowners or renters' insurance can only cover limited jewelry up to a specified monetary value and protect from basic perils. However, the standard home or condo owners' policy would not cover high valued jewelry without first adding a special endorsement for your engagement ring.

Can lab created diamonds be insured?

Yes! Just like a mined diamond, laboratory grown diamonds can be insured. In fact, by choosing a lab-grown diamond

lab-grown diamond
Unlike diamond simulants (imitations of diamond made of superficially-similar non-diamond materials), synthetic diamonds are composed of the same material as naturally formed diamonds – pure carbon crystallized in an isotropic 3D form – and share identical chemical and physical properties.
https://en.wikipedia.org › wiki › Synthetic_diamond

, you'll not only save money on the diamond itself, but you'll also save money on the annual premium of the insurance policy due to the lower overall cost of the insurable piece.

What protects a diamond?

Vulnerable points or corners are better protected with bezels, partial bezels, or V-shaped prongs. A tension setting holds a diamond in place using a groove cut into the metal that the girdle fits into, and the two ends of the ring press tightly against the diamond's sides.

Can you insure a loose diamond?

As a result of the risk involved, it would be a good idea to get the loose diamond insured prior to having it set by a bench jeweler. In the unfortunate event of damage occurring, you can still fall back on making a claim against the insurance company. Prevention is better than cure.

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