What To Expect With Ring Appraisals

July 23rd, 2021

Ring? – Check.

Unforgettable proposal plan? – Check.

Engagement ring insurance in case you drop it in the water, fling it over a mountain, or just lose it?…

Don’t fret fiance-to-be, we can help! Here’s what you need to know about protecting that sparkling new symbol of commitment against whatever life may throw your way from the moment you drop down onto one knee until “death do us part.”

The first step to protecting your engagement ring against damage, loss, or theft is purchasing engagement ring insurance, but before you can do that, you’ll have to get a ring appraisal.

If you’re new to the world of engagement ring insurance, then you might be wondering, “Do I Really Need a Jewelry Appraisal?” The short answer? Yes. The long (but totally worth the read) answer? Keep scrolling!

Why Get a Ring Appraisal?

An engagement ring appraisal provides you with the proper documentation needed to confirm the ring’s value. To insure an engagement ring (or any other piece of jewelry), you must first have a current ring appraisal in hand.

Now, you might be wondering, “where do I even begin with getting a ring appraisal?” No worries! In this article, you’ll discover what to expect with ring appraisals and get answers to four of the most common questions about the ring appraisal process, cost, and meaning.

Is your engagement ring insured

Four Common Engagement Ring Appraisal Questions

  1. How Much Does a Ring Appraisal Cost?

    The cost of a ring appraisal varies; however, you can expect to pay between $65-$200 depending on the ring value and complexity of the piece.

    In terms of an engagement ring appraisal vs. cost, your piece may appraise lower or higher than your original purchase price, with the most common being the latter.

  2. When Can You Get an Engagement Ring Appraisal?

    You can get an engagement ring appraisal as soon as the ring is in your possession, even before you use it to propose! In fact, it’s often recommended you get your ring appraisal before it ever leaves the store so you can protect your investment. After the initial appraisal, you’ll want to get your appraisal updated every three to five years to reflect the item’s current and most accurate value.

  3. How to Get a Ring Appraised?

    To get a ring appraisal, you generally have one of two options. The first is to have the on-staff jewelry appraiser at the jewelry store where you bought the ring perform the appraisal. If there is no jewelry appraiser at the store, then you may want to contact an independent jewelry appraiser.

    If you purchased a Moissanite, Diamond, Lab Grown Diamond, or another type of gem online, check to see if that retailer offers complimentary ring appraisals or if they will appraise the ring before shipment.

    Regardless of where you purchase your ring from, don’t be afraid to inquire about whether the ring appraiser is a certified GIA Graduate Gemologist since they’ve undergone the extensive training needed to provide an accurate and objective assessment of your ring.

  4. What Happens During a Diamond Ring Appraisal?

    A ring appraisal can take anywhere from a few days to a couple of weeks. Here’s What You Can Expect to Happen During Your Diamond Ring Appraisal.

    During a ring appraisal, an appraiser will thoroughly examine your ring, starting with reviewing the precious metals. The most common metals used in a ring design are silver, gold, platinum, and palladium, each of which holds a unique value.

    Next, the appraiser will take note of the ring size, age, and its other defining characteristics. After that, the appraiser will examine the diamonds or gemstones featured in your ring, taking careful note of the carat weight, quality of cut, and color of your gems. All of which will be factored into your ring value.

    Once the appraiser completes this process, they will provide you with a written copy of your ring appraisal with a color photo of your ring and then return your piece of jewelry.

is your engagement ring insured?

Appraisal, Insurance, Proposal, Happily Ever After!

With your appraisal in hand, you’re ready to submit your free jewelry insurance quote from BriteCo™ and start discovering the best ring insurance policies available to you based on your ring value and risk factors!

Voted Best Overall Jewelry Insurance, BriteCo™ makes getting engagement ring insurance fast, easy, and, dare we say it, fun, with a long list of exclusive benefits, like:

  • Coverage of up to 125% appraisal value in the event of theft, damage, mysterious disappearance, and loss.
  • Preventative maintenance on your fine pieces.
  • ZERO deductible.
  • Monthly or annual payment plans.
  • Free annual insurance value updates.
  • Worldwide coverage.

Contact us today to learn more about the engagement ring appraisal process and to discover the benefits and #trustedtransparency only BriteCo™ can offer!

Also Check:

Valentine’s Day, Love, and Ring Insurance
Do I really need a jewelry appraisal?
How Much Is Engagement Ring Insurance?

BriteCo Jewelry Insurance Coverage


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Dustin Sitar, MBA - Director of Marketing and Operations

About the Author

Dustin Sitar is the Director of Marketing and Operations at BriteCo dedicated to consistently serving and motivating customers through education and inspiration. Prior to joining BriteCo, Dustin was a Senior Analyst on the Merchandising Strategy team at Zappos.com focused on bringing new products to the market. He holds an MBA in Finance from the W.P. Carey School of Business.