article thumbnail

Why Get a Diamond Appraisal for Your Engagement Ring

GIA 4Cs

A diamond appraisal is needed to get an insurance policy for an engagement ring. Should the engagement ring be lost or stolen, insurance coverage ensures you would receive fair compensation for it. The insurance policy for your home probably includes some jewelry insurance, generally up to a specified amount.

article thumbnail

Ron Perelman's $410m insurance trial is testing the limits of art valuation

The Art Newspaper

Papers released during this dispute with insurers revealed that more than 70 works had been sold by his holding company following Deutsche Bank’s issuing of a margin call, where additional funds are required if an account falls below a certain threshold. Lengthy trials can also complicate valuations being discussed. “An

Insurance 176
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Passion Assets: A True Love of Collecting

Art Peritus

However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

The type of value before and after the loss will be dictated by the client and is based on how the insurance policy is written or the particular situation at hand. Since the client is a publishing firm, their insurance policy is likely different from general homeowners. Remember to talk to your client and ask questions!

article thumbnail

How Much Should an Engagement Ring Cost?

GIA 4Cs

Diamond Ring Insurance Costs It is highly recommended that you purchase insurance coverage for your ring. Insurance costs and annual premiums will largely depend on the ring’s appraised value and the type of coverage. Top-level jewelry insurance policies can also cover theft, loss and damage.

Quality 40
article thumbnail

The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. During such conflicts, the appraisal clause will serve as a provision in insurance policies that facilitates an independent appraisal process.

article thumbnail

The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

Some insurance policies even require these updates every few years. Knowing that your valuable artwork is insured at its true market value provides peace of mind. Importance of Regular Reappraisals The art market is dynamic, and the value of artworks can fluctuate over time.