Insuring a diamond takes a bit of thought,
planning, and shopping around. Diamond
insurance isn’t like purchasing car insurance.
It is quite different. Depending on the state
that you live in, there are basically three
different types of policies that will cover
diamonds, and all insurance policies that
cover diamonds are considered Marine
type policies.

The first type of insurance policies for
diamonds is an Actual Cash Value policy.
If the diamond is lost or damaged beyond
repair, the insurance company will replace
the diamond at today’s market value, no
matter how much you paid for the diamond
to begin with. This type of insurance policy
for diamonds actually is not that common.

The most common type of insurance for
diamonds is Replacement Value insurance.
The insurance company will only pay up to a
fixed amount to replace the diamond that was
lost or damaged beyond repair. This does not
mean that they will pay that amount – it means
that they will pay up to that amount. In most
cases, the diamond can be replaced at a
lower cost.

The third type of coverage offered for
diamonds is Agreed Value. This is
sometimes called ‘Valued At.’ This type of
coverage is very rare. In the event that the
diamond is lost or damaged beyond repair,
the insurance company simply pays you the
amount that you and the company agreed
upon. This is the best type of insurance to
have, but it is rarely offered. If you can’t get
Agreed Value coverage, Actual Cash Value
coverage should be your next choice.

Your rates will be determined by the value of
the diamond, the type of coverage that you
select, and the area that you live in. If you live
in an area with a high crime rate, you can
expect to pay more for your diamond
insurance coverage. It is important to
remember that insurance agents are not
qualified jewelers, and jewelers are not
qualified insurance agents. It is best to get
a certificate for your diamond, and to
provide the insurance company with a copy
of that certificate. This leaves the insurance
company less room for arguments over the
actual value of the diamond.

Don’t rely on separate coverage to cover
your diamond. For instance, if you diamond
is stolen from your home, it is probably
covered on your home owner’s insurance
policy – but the diamond probably won’t
always be in your home, and once it leaves
your home, there is no coverage.

Through our day to day movements our
diamonds get smudged and soiled. Even
when we are not wearing them, they collect
dust. Lotions, soaps, our natural skin oils,
can cause film and grime on diamonds
and inhibit their brilliance.

Want to keep that Brilliance and Shine?
Diamonds require cleaning so that maximum
amounts of light can refract fiery brilliance.
Remember that all it takes is a few minutes
and a little care to keep that diamond as fiery
as the day you first saw it.

You can use an small soft brush such as an
eyebrow or lip stick brush and soap and
water to clean your jewelry. Simply make a
bowl of warm sudsy water with a mild
detergent and place your pieces in the
mixture. Then brush the diamonds with the
soft bristles of the brush while they are in
the suds. You will need to make certain that
you rinse them clear of the suds after
cleaning them. You can use a small kitchen
strainer such as a tea strainer to contain
them while rinsing under warm water. Use
a lint free cloth, or a jewelry polish cloth to
pat them dry.

If your diamonds are in need of a stronger
cleansing, you may want to soak them for 30
minutes in a solution of half and half water and
ammonia. Once they have soaked for 30
minutes, remove them and gently brush the
mountings with a small brush. Then replace
the pieces to the solution and swish them
around in the mixture before removing them
to rinse and pat dry.

If you find your self too busy to be mixing
soaps and ammonias, many department
stores sell liquid jewelry cleaners. Most are
kits, with everything you need included. You
need to read the labels to determine the one
that is right for your diamonds and other
jewelry. Read the complete directions and
follow all the precautions.

And if you find yourself more the
“high-tech type”, even in your diamond
cleaning routine, there are multiple ultrasonic
cleansers on the market. These machines
use high-frequency to create a cleaning motion.
All machines are not the same, so please read
the instructions before using.

Only you can choose the cleaning method
right for you. But, it is essential to keep
your jewelry clean to keep it brilliant and
sparkling. Between cleaning, try not to touch
your clean diamonds with your fingers or
handle your jewelry by its edges. This will
help maintain its shine and brilliance for
longer periods.