So you've got the ring! Now what? Do you know the best way to get your engagement ring insured? This is a question I help LITTLE BIRD clients tackle often. The right insurance path can vary from person to person, but I always recommend to my clients to have their ring insured. Picking a plan and an insurance company can be a head-scratcher. When in doubt, ask yourself: Is your engagement ring custom made? Got lots of pavé diamond accents? Did I select an antique engagement ring or use an heirloom diamond? Is my center stone a sapphire, ruby, emerald, moissanite, aquamarine or other? Am I pretty nervous about losing or causing damage to the ring? I recommend bulletproof insurance in these cases. Enter: Jewelers Mutual. Because my clients always have so many questions when it comes time to talking ring insurance, and because I am an engagement ring expert - not an insurance expert - I had a little conversation with my friends from Jewelers Mutual and asked them the 7 most popular questions I get from my clients. Hope this is helpful!
1. What are you protected against with Jewelers Mutual coverage? Are you covered for loss, theft, damage, disappearance with all policies?
Given that Jewelers Mutual is focused solely on jewelry we approached our coverage from the ground up- and view jewelry differently than a Homeowners policy ever would. We know a disaster can be as simple as leaving your engagement ring in that coffee shop bathroom, or your new watch sitting on the golf cart on Hole 6. That’s why every policyholder receives the same comprehensive worldwide coverage that includes protection against theft, accidental loss, and damage. Lastly, we realize you can’t always pinpoint how or where your jewelry disappeared, so we cover ‘mysterious disappearance’- a coverage often overlooked by other carriers. As cliché as it sounds, we cover real life.
2. So, in a nutshell what are the main coverage differences between adding an engagement ring to an existing renters or homeowner’s policy vs. taking out a jewelry specific policy with Jewelers Mutual?
You can use a Homeowners/Renters insurer to protect your jewelry, but understand your jewelry will only be protected against certain types of losses (like fire & burglary) and up to a specified dollar amount (standard “limits”- the money paid out to you- are typically around $1500-$2500). Additionally, a jewelry claim on your homeowners could affect your entire policy. So, because you lost great-grandma’s Eleanor’s necklace now means you could be paying more to insure your home. Even if you opt for a “rider” (an optional add-on) to your Homeowners coverage, the policy details are still not as comprehensive as Jewelers Mutual’s standard coverage.
Using a real world example- you file a claim because you lost your custom-made, five- year anniversary ring. Typically, a Homeowners insurer will either A. Send you a check and leave the repair/replacement of the piece up to you or B. Direct you to a jeweler of their choice to get the work done. If that same claim was filed with JM, we’d work directly with the jeweler of your choice to get the piece repaired or replaced as close as possible to your original ring. We pride ourselves on SAME kind and quality, not LIKE kind and quality.
3. Are there different levels of coverage, and what’s the most popular?
Whether you’re insuring a charm bracelet, a Rolex Daytona, a Super Bowl ring, each and every one of Jewelers Mutual’s policyholders receives the same policy coverage and benefits. For 105 years we’ve prided ourselves on being the best jewelry insurance offered and we understand that begins and ends with ensuring we are there when our policyholders need us.
4. What are the average cost differences?
Jewelry insurance is much more reasonable than people anticipate. Typical rates average 1-2% of the value of the jewelry you’re insuring annually. So, for example, an $5000 ring would cost between $50-$100 annually to insure.
And we provide you the opportunity to add in a deductible ($100, $250, $500) to knock down the annual premium, but most policyholders opt not too as the cost is so reasonable.
Jewelers Mutual has a quote tool available that allows for you to choose your best option prior to applying for insurance.
5. How long is an appraisal good for?
It’s in your best interest to get your jewelry appraised on a regular basis as jewelry prices (gold & diamonds) do fluctuate. The appraisal will provide you the best insight as to what your pieces are worth which should inform what you insure them for.
Since Jewelers Mutual understands the nuances of jewelry and the chances of our policyholders being underinsured, we have an annual Insurance Value Adjustment (IVA). This increases your policy limit annually by a small percentage and in turn increases your likelihood of being properly insured in case of a claim
6. What is something that you wish all newly engaged folks knew about jewelry insurance?
That it exists! Truly, the biggest hurdle we face is that consumers simply don’t know the category- much less our brand, exists. What I hear most often is “yeah, I think it’s on my Homeowners policy”. It isn’t until you begin to discuss policy details that you see eyes widen and palms get sweaty. I’m not here to induce fear, rather let people know that there’s options outside of a warranty and homeowners insurance. In a survey we did a few years back we found that 33% of those surveyed considered an engagement ring one of the “most expensive things they own”. 43% of them did not have the ring insured. It’s stunning the time and attention couples pay to selecting the ring, planning the proposal, taking the ring selfie, and everything that comes with it, but may not take an additional minute to consider what happens if it’s lost.
7. You’ve been in business for a long time! How has your business changed over the past 100 years?
Jewelers Mutual started in 1913 by jewelers who wanted to help protect other jewelers. We’ve earned the trust of thousands of jewelers over the decade and with that trust came co-creation. They wanted us to offer the same peace of mind they got with their coverage to their consumers. So in 1953, we designed the consumer jewelry coverage we’re discussing today.
While trends and technologies come and go, jewelry buying will always be part of our cultural fabric. It’s a purchase that helps celebrate new love, achievement, birth, or even coming of age. We worked diligently to ensure that buying a Jewelers Mutual policy is as seamless as possible, be it in the eCommerce shopping cart, your neighborhood jewelry store, or in the comfort of your own home. While our gift may not be made of metal and stones, we feel the gift of peace of mind is just as valuable.
First, what is a diamond solitaire? It can actually be confusing as this nomenclature is thrown around for rings that aren't actually solitaires. Hint: it doesn't have to do with the shape of the center stone....
A solitaire ring is when there is only one diamond in on the ring and that diamond is the main focal point of the ring. Solitaries do not have any other diamond accents on them, no diamond halo's, nothing - just one beautiful diamond! The name actually refers to the technical setting and can mean to any piece of jewelry with a solitaire setting - such a necklace, or earrings.
Solitaires are an extremely popular style these days and are known for showing off the classic elegance of beautiful diamond. But, be careful! The thing about a solitaire is that you simple must nail the design. As with all things simple, you need to refine, refine, refine. Think about the concept of "jeans and a shirt" - this simple layout can be super polished and date night ready or it might be what you wear to repaint your room that chic gray you've been pinning all week at work.
Any stylish low key dresser will tell you that you have to have a particular vision in mind in order to slay minimalism. Same deal with your fine jewelry, curation is crucial when designing the ideal solitaire diamond engagement ring.
How To Create Your Dream Solitaire Ring
Step 1 - The Center Diamond
Since the diamond is the centerpiece of the ring, it best to start with picking a stone shape that resonates best with you. The most popular shape you see in a solitaire setting is round but any stone shape can be in solitaire. Such as pear, heart, oval, emerald, Asscher, marquise, etc. Because the solitaire setting shows off the diamond as the main focal point, we would recommend you work with your jeweler to really find a stone you love.
Step 2 - The Prongs
The prongs are those claw like things that hold the stone in place. First and foremost, they must do their job holding the stone in place but after that is done they we can talk about the aesthetics of the prongs.
You have a few choices to make here: metal type, the number of prongs, shape of prongs and orientation of prongs.
1. The metal type could be the same as the band or you might switch it up and go for a mixed metal look. Imagine the combinations out there with rose gold, yellow gold, white gold and platinum all at your fingertips (see what we did there?!)
2. The number of prongs you choose will be based on many factors. In short, you can go with 4 or 6. There are some stones larger enough to accommodate 8 or even 12 - very Marie Antionette and we love this antique twist on a solitaire if your stone has the surface area to pull it off.
3. The shape of the prongs is really a place to get creative and personalized. The prongs can be rounded/"bead shaped", pointed/"claw prongs"/"talon prongs"/"pointed prongs" (all terms for the same thing), or paddle shaped prongs. Then once you pick a shape, you can add another dimension: you can have split prongs or single prongs - seriously the list is endless. You can find good examples of all of these prong shape options online, but most jewelers don't have examples of all the shapes in one store. This a great question to ask your jeweler about because the prongs can really add style and personality to a ring and an important for a solitaire setting.
4. The orientation of prongs is another thing to consider. The most common prong orientation for 4 prongs is to have them at the four corners of the stone, as if each was the corner of a square. You can switch this up by going for a "compass prong orientation" where you shift the prongs to sit at the North, East, South and West points of the stone. The 6 prong options are the opposite. The classic 6 prong has a prong on the North and South point of the diamond and the East and West are open. The alternative 6 prong option is to leave the North and South open, covering the East and West. This is a lot to visualize, but it's simple enough once you do a little visual research.
Pro tip: you might also consider a bezel or semi-bezel setting.
Step 3 - The Setting
Here we are referring to the band and the way in which the prongs connect to it. There are so many types of settings that we can't go into them all. But here are a few key questions to ponder when choosing the setting.
Is stacking with bands important to you? You may want to consider a cathedral setting that allows the diamond to be visible and stack with multiple rings. Do you have any antique stone that might be more fragile? You might want a bezel setting. Wear gloves every day? You might want a low profile setting with diamond set into the band.
Because the diamond is the focal point in a solitaire setting, the details are super important! Make you go over all of them with jeweler or reach out to u for a chat about what options might suite your personal style best!
This post is co-authored by Danielle of LITTLE BIRD and Catherine Cason of Gem Hunt
The national average for an engagement ring generally fluctuates between $3500-6000. It's our pleasure to bring you our curated collection of fave engagement rings under $3000 on Pinterest. There are absolutely stunning rings out there that don't require you to overspend. We are big fans of helping people stay within a super reasonable budget. All said and done, $3000 is still a lot of dough to throw at some rocks and metals. So you'll want to come out on the other side with a stunning, heirloom quality piece that is both stylish and unique.
The THREE pro tips for folks looking in the $3000 engagement ring budget range:
1. Look for antiques! Play up clusters, halos and unique styles....
There are some really amazing antique ring curators out there. I always find something amazing at Erica Weiner, Victor Barboné & Metier.
2. Check out artists on Etsy! There are some incredible designers showcasing their work here. You just have to sift a bit.
Don't be afraid of Etsy designers! Some of my fave indie designers list on Etsy. Check out Sharon Zimmerman, Melanie Casey & Kate Szabone.
3. Open your mind to something totally different!
Often times the bigger the budget, the more basic and well travelled the ring style. Open your mind to something unique. I mean. This ring. Can you believe it's under $3000? I know! You'll find treasures in many places, Jewels by Grace has a great eye...
If you need help understanding how to set your budget and what you can expect to find based on your desired price range, don't hesitate to reach out of a BIRD CALL. We will hook you up with all the salient deets you need to nail it.
Well, there are quite a few ways that an Engagement Ring Consultant can save you money on the purchase of a ring. Chase.com points out three reasons to consider hiring a LITTLE BIRD Engagement Ring Consultant:
1. Hiring a Ring Consultant can save you 20 to 40 percent off the cost of the ring
Linda DiProperzio of Chase.com says: "This is key, since spending on engagement rings is at its highest ever. A survey by The Knot, a popular wedding resource, found that the average price of an engagement ring is about $6,000. Making sure you get the most for your money is crucial." LITTLE BIRD agrees. Big time. There's not a lively secondary market for private engagement ring sales out there. So, you're likely going to hold on to this ring for a very very long time. Let's make sure it's an investment you can stand behind for the long haul!
2. Ring consultants have insider knowledge
We go way beyond the 4c's. A consultant can inform and educate you on nitty gritty diamond and ring vocabulary that you won't glean online. We can also review diamond and gemstones certificate prior to you pulling the trigger. Furthermore, do you have the right metal type selected? Is this the right style of pavé? How will this ring jive with your future wedding band. We know this stuff inside and out and getting personalized advice based on YOUR goals and your lifestyle is what getting great ring consultation is all about.
3. We can offer a wider selection
AND we can help you figure out what you want. Picking out an engagement ring isn't a cake walk. You might not be aware of all your options and of all the bespoke and custom elements that are available to you for each little part of the ring anatomy. The options are endless. Your ultimate ring IS possible. It's just a matter of understanding what's out there!
A word to the wise: check on the commission
The thing is there are a few types of consultants out there. There are consultants with affiliate relationships with 6-8 online diamond companies. There are consultants who also sell diamonds. And then there's LITTLE BIRD. "Consultants like LITTLE BIRD don't profit off the sale of the gems or the design of the ring. Instead, the company charges a flat fee, with packages starting at $75. 'Our clients know that we're giving them unbiased recommendations because we're not profiting in the amount someone pays for the ring,' says Beth Moore, LITTLE BIRD's expert GIA certified Graduate Gemologist."
You may be already starting to feel overwhelmed by all the different looks out there, all the diamond information, and the barrage of marketing coming your way. It is time to stop the madness. LOOK, before you even step foot into a jewelry store or spend another hour poking engagement ring shopping online, you'll need answers to these 9 questions below.
This should give you some insight and help you determine what direction you should focus your attention and research energy. By the end of this lil exercise, you should have a firm idea of your next steps and whether or not you need additional guidance along the way.
NOTE: we recommend copy and pasting this list into a Google doc or similar and recording your answers in note form so that you can actually reference back to it. Seriously, if you bring these answers with you anywhere you will have a much more successful experience. Ok, here goes!
Fancy. Color. Diamonds. Yep, that’s a gemological term! Any diamond that isn’t your typical crystalline white color is likely considered a “fancy color”. Yellow, blue, green, red, chocolate, champagne… the list goes on. Fancy colored diamonds are less common for most folks to choose for a central engagement ring gem, but they are real dang cool and we love it when we do get to work with a client to select one. For those considering a colored diamond engagement ring, we tapped Emily Duke of Diamond Envy. She’s the first person we call when we are on the hunt of a fancy colored diamond and she’s here to give us all a little background on How Fancy Colored Diamonds Work!
What are the most popular of colored diamonds?
Yellow was the gateway to color for most people. “Canary diamonds” as they are often called, are still very popular along with brown or “chocolate” diamonds (Levian’s trademarked term.) They are more abundant in nature and are therefore, a very affordable option for diamond lovers. Thanks to impressive auction results over the past decade, along with some celebrity attention, pinks and blues are also quite desirable. They are much rarer though, so prices are significantly higher - a collector’s item of sorts.
Are colored diamonds more expensive than traditional colorless/near colorless diamonds?
Yes and no. Colorless and natural colored diamonds are both valued based on rarity. As I mentioned above, yellows and browns are mined frequently so their prices are generally lower, especially compared to a D (colorless) flawless diamond. Very rare colors though, like green, purple and red are so rarely discovered that they can sell for over $1 million per carat, blowing colorless diamonds out of the water! Of course other factors like carat weight and color intensity can affect price too.
What is your opinion of lab created colored diamonds?
Lab created diamonds are interesting. Right now they are being touted as an eco-friendly and conflict-free alternative to mined diamonds - but that might be a whole separate conversation to have. As far as their beauty? I can’t say for sure. I would say that because they have the same chemical makeup, they can be just as lovely.
Color treated diamonds though, to me, are just not as incredible as the real deal. Many are “coated” with a color that can wear off or chip. Others are heat treated to get better color. Part of the intrigue of natural colored diamonds is that Mother Nature combined these rare forces to give us unique jewels.
Is there a specific shape and color combo that you see time and time again?
Diamonds with natural color are a challenge to cut. From the rough, the cutter wants to bring out the most color. Rounds are best at reflecting white light so the shape is best for colorless diamonds. Brilliant cut fancy shapes (cushion, oval, radiant, pear, marquise) bring out the color best. We see a lot of yellow radiants because they produce strong color. As far as fashion and demand, we’re seeing a pretty big surge in cushions and pink just keeps gaining popularity. Yellows will probably always have a place in the business though because they are pretty and affordable.
Is there a specific shape and color combo that you think is amazing that the general population just hasn't tapped into yet?
I think chameleon diamonds are just absolutely insane. They change color and scientists aren’t completely sure why. How cool? They are priced really well too but that likely won’t last if we see a spike in demand.… maybe it’s just because my favorite color is green!
My other thought on this has to do with saturation. I think it’s interesting that most shoppers only want really strong color. A nice fancy light pink oval? So dreamy. Plus, they’re way more budget friendly than fancy intense or vivid options.
What are your favorite setting designs for a colored diamond?
I’m not a fan of the halo when it comes to colorless diamonds, but when you put some bright whites around a colored diamond, the color really pops. I think a traditional three stone is also nice for the same reason. There’s something so chic about taking a classic style and adding your own twist - in this case, a colored diamond center.
How long have you been working with colored diamonds? Why did you choose this avenue?
Our founder grew up in the business and he’s had his own wholesale company for over 15 years. He started out cutting colorless diamonds, but when he came across natural colored diamonds, he fell in love. I started in the industry just 3 short years ago but I’m hooked too! For us, color is exciting. Each stone is unique and special. There’s so much to learn and see.
We have an affinity for rare. Since starting in colored diamonds, we’ve added emeralds, sapphires and rubies to our inventory. We focus on each stone individually. If it’s extraordinary, we’re interested. We always joke that it’s hard to sell because we have a hard time parting with something so beautiful.
It can be a challenge to find natural colored diamonds in retailers across the US and the world, so we decided to share our passion with everyone. In 2013 we launched DiamondEnvy.com to bring our rare inventory to the web.
Dudes, meet GEM HUNT. This is the place your girlfriend goes on the internet when she’s hunting down the best engagement ring styles for her secret engagement ring Pinterest page or indulging in some online hot diamond materials before moving on to her next task in Asana. Editor Catherine Cason founded GEM HUNT after becoming engaged a few years ago. She is witty, irreverent, fun, and knowledgeable so we asked her to share some sage advice with you.
Congratulations, you are looking to get engaged. I will be straight with you being engaged is awesome — all champagne bubbles and fun. That said,
You're lying in bed, but you're still flying high off that pour over you thought was a good idea at 3pm. You have a long car ride ahead of you and you've already listened to all of the recent The Moth podcasts. You're hanging in the park just kicking back and acro-yoga just isn't your thing. The next time you have some alone time with your partner and want to pick their brain re: engagement rings, we've got you covered.
1. How do you feel about your friends who have gotten engaged? What’s the gossip? Do any of your friends secretly not like their rings?
The terms "cut" and "shape" are sometimes used interchangeably both among jewelry experts and jewelry shoppers. There is a significant difference, so we thought we would lay things out for you in two quick lessons:
1. There's No "C" in "Shape"
Here are some of the most common diamond shapes you will encounter on your search. People often confuse shape with "cut" which is one of the 4 c's of diamond grading. Cut refers to proportions, shape just means... well, shape. Check out these shapes. Want to know more? If you have any questions you are welcome to contact us for help.
2. The 4th C is for "Cut"
The cut of a diamond refers to the proportions and angles of the facets in a ROUND BRILLIANT. Much like the cut of a suit, it is a major factor in the quality of the diamond. This chart shows the proportions that make the best use of a diamond's refractive index to bounce the maximum amount of light upwards and into the eye. A well cut diamond will appear brighter, more lively and will capture the eye. Do you really need to memorize this chart? No. But you should definitely double check the chart of a diamond that you are buying against this standard. This chart only applies to round brilliants. If you are looking for a cushion cut diamond, radiant cut diamond, emerald cut diamond, princess cut diamond, the gorgeous oval cut diamond, or maybe even an Asscher, marquise or pear cut diamond, or any of the other shapes, things can get complicated. Please drop us a line for a free double check or a quick consultation.
In a sea of fashion bloggers there are but a few standout jewelry bloggers. Chief among them, Gem Hunt. On the average day, Gem Hunt reports on all things hip while eating diamonds for breakfast. Us Little Birds? Well, we are usually deep into diamond selections and proposal planning. So GH interviewed LB on how to make sure you and your finance are on the same page when to comes selecting the perfect engagement ring!
4. Would you want to design something together or would you want to surprise me out of the blue?
Known for their insatiable appetite for well-cut carbon and rock solid fine designers, Gem Hunt's Intagram is quickly becoming a must-follow...