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re: Engagement ring shopping/valuation
Posted on 4/24/16 at 4:43 pm to Shunface
Posted on 4/24/16 at 4:43 pm to Shunface
quote:
Paid $7,400 and the ring has been appraised at $16,000.
Congrats, you paid $7,400 for something that's worth maybe $3,000 and are paying an insurance premium for $16k of coverage when the insurance company will be able to replace the ring for probably half of what you paid for it.
2
Posted on 4/24/16 at 6:24 pm to Jon Ham
I didn't go through a jeweler. Had I gone through a jeweler I would've paid a helluva lot more. Again, I went through a wholesaler who designed the ring herself. Quite happy with what I got for what I paid.
it's been appraised for $16k and I have it insured for said $16k. the insurance company doesn't get to choose the diamond in which it is replaced if lost or stolen.
I'm also not poor and cheap. Had no problem paying what I paid for it.
But you should pay what you can reasonably afford. If that's 2,200 which by your own logic would actually be a $700 ring then go for it.
it's been appraised for $16k and I have it insured for said $16k. the insurance company doesn't get to choose the diamond in which it is replaced if lost or stolen.
I'm also not poor and cheap. Had no problem paying what I paid for it.
But you should pay what you can reasonably afford. If that's 2,200 which by your own logic would actually be a $700 ring then go for it.
Posted on 4/25/16 at 9:18 am to Jon Ham
I pay something like $97 dollars a year for insurance for my fiancés ring which is appraised just under 10K. If he owns a home,
jewelry is covered up to 10K on most plans as well. Also, the jnsurance company doesn't just get to give you a new ring for what it "should cost", that defeats the purpose of insuring it for X amount of dollars.
Getting engaged is a happy time, quit complaining about something you have zero control over. It is what it is.
jewelry is covered up to 10K on most plans as well. Also, the jnsurance company doesn't just get to give you a new ring for what it "should cost", that defeats the purpose of insuring it for X amount of dollars.
Getting engaged is a happy time, quit complaining about something you have zero control over. It is what it is.
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