re: Engagement ring shopping/valuation

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.