Getting an appraisal done on your new diamond ring is an essential step towards getting your diamond and ring insured. Appraisals should be performed by an Independant Accredited Appraiser that does not benefit monetarily from the sale. IceStore does not supply appraisals as we would consider that to be a conflict of interest and borderline unethical.

Tips for Appraisals

Make sure that you use an Accredited Independant Appraiser with enough experience to accurately valuate your diamond. We advise letting the appraiser know what you paid for your diamond/ring and that you request that the appraised value not exceed the actual cost by more than 30%.

Even though a much higher appraised value is tempting psychologically, your insurance premiums will be based on this appraised value which means that the higher the appraisal, the larger your insurance premiums will be. This 30% margin over cost is in fact a precaution against increasing market price conditions should you ever need to make a claim.