Laboratory-grown (lab grown) diamonds have been growing in popularity throughout the last few years. You may be wondering if it makes sense to insure your lab-grown diamond jewelry.
Ask yourself:
- Would I be unable to cover the cost to replace it?
- Would I be devastated about the sentimental loss?
If you answered yes, you should think about insuring your lab-grown diamond.
What is a lab-grown diamond?
A lab-grown diamond has the same physical and optical properties, but the difference is they are made in a factory rather than the Earth.
Can you insure a lab-grown diamond?
Yes.
| Type of Diamond | Insurable? |
|---|---|
| Mined | YES |
| Lab-grown | YES |
Should you get an appraisal to insure a lab-grown diamond?
Because mined diamonds and lab-grown diamonds are different, it is a good idea to have an appraisal done to accurately assess your diamond. This will help with insuring the diamond for its value if you need to file a claim for loss, disappearance, theft or damage.
Whether you opt for lab-grown diamonds or mined diamonds, make sure they are protected with jewelry insurance. Check your rate using the button below.
