Imagine you purchased a lab grown diamond ring in 2019. Lab grown diamond were less expensive than their earth-grown counterparts, but they were still rather expensive. A 2ct diamond might have cost you $15,000. The appraisal from the store you purchased the ring from says your ring has a retail replacement value of $21,000.

Fast forward to 2026 and  you break a prong on your ring and the diamond falls out and it's gone. Your insurance company doesn't pay you $21,000, they will pay you $3,000 because that same 2ct lab grown diamond today retails for approximately $1000.

In a constantly changing market with volatile pricing in both diamonds and precious metals, it is increasingly more important to keep your jewelry appraisals current and up to date. 

CN Appraisals will help you keep your ring insured for its current market value.