From buying an engagement ring to
proposing to your love, we got you covered.
received hints from their partner
about getting engaged
TV shows or movies
of partners left wedding
stopped to look at rings
in jewelry stores
If you feel it’s time to pop the question, we’re here to help. We’ve specialized in all things jewelry since 1913 and know a few things about keeping the ring safe.
Did you know…
- Over 70% of households with an engagement ring consider the ring one of the most expensive items they own.**
- AND most rings (60%) are not insured prior to the proposal.*
We’re here to show you how to protect the ring before popping the question and throughout your years of wedded bliss.
How to Choose an Engagement Ring
The wide range of engagement and wedding ring options is enough to make anyone’s head spin.
Things to consider when buying an engagement ring:
If you have your eye on a diamond as the center stone, this Diamond Carat Size Chart is a helpful tool to help you shop. While lots of jewelers and jewelry industry sources provide size charts for round diamonds, this chart allows you to compare carat weights across the most popular shapes.
Choosing a Jeweler
If you choose the right jeweler, you don’t need to have all the answers. A quality jeweler will know all this and more and be happy to teach you the ropes.
Here are some ways to find the right jeweler for you:
4. Check the fine print.
Review the return policy, warranties, etc. You will want to make sure the jeweler will have your back if anything goes wrong.
5. Think beyond the initial purchase.
Does the jeweler offer post-sale services, such as cleanings and repairs? Great jewelers strive to provide lifelong customer service to their clients.
6. Meet with jewelers.
See if you are a good match. It’s important to have a good rapport with and feel comfortable around any jeweler you are considering.
7. Go with your gut.
There are many great jewelers out there. If you’re visiting one and a red flag pops up, don’t be afraid to cross them all off the list. There are many more sparkly fish in the jeweler sea. We promise.
Have a jeweler in mind?
Prepare yourself with these five questions to ask them when engagement ring shopping.
Determining how much to spend on a ring.
How much should an engagement ring cost? Here are four approaches to making the ring purchase a reality.
1. Set a budget and stick to it.
There are many factors that come into play when figuring out your engagement ring budget: your current income, your monthly expenses, your savings, and ring preferences.
2. Ring shop, then save.
Make a date and ring shop together to see what’s out there, determine what you like and how much it will cost you so you can better prepare.
3. Buy smart now, upgrade later.
Consider choosing a more affordable ring now, with a plan to upgrade a few years down the road.
4. Finance your ring purchase.
In the end, it should cost as much as what make sense for your preferences, goals, and budget.
Insuring the ring
Should you insure an engagement ring? In most cases, the answer is yes.
Ask yourself these questions:
If the engagement ring I purchased disappeared today, would I be...
- Devastated about the sentimental loss?
- Unable to cover the cost to replace it?
- Subjected to coverage limits with my current insurance?
If you answered yes to any of these questions, jewelry insurance is something worth considering.
Did you know...
Homeowners insurance may not be enough.
In most cases, your homeowners or renters policy is a “named perils” policy, which means a loss isn’t covered unless it was listed specifically in your policy booklet and even then, the amount of coverage offered may be less than the value of the jewelry you possess.
In addition, a jewelry claim filed on your homeowners policy could affect your entire policy. This means if your jewelry was ever stolen, lost or damaged and you had to file a claim, your premium could go up or your eligibility could be affected at renewal.
|See How We Compare||Jewelers Mutual Group||Typical Homeowners||Typical Rider|
|Damage||Not always covered||Not always covered|
|Flood or Earthquake||Not always covered||Not always covered|
|Out-of-Pocket Cost||$0 deductible option||Homeowners deductible applies||May have a deductible|
Storing the ring
After the proposal, the biggest question and concern is how to store the ring – and keep it hidden.
Top Engagement Ring Hiding Places
On My Person
*Survey conducted by OnePoll for Jewelers Mutual Group with a sample of 1,000 engaged or married men and 1,000 men recently married in the past two years, 2019.
**Jewelers Mutual Group Trigger Study, 300 personal lines policyholder sample, November 2020.