Diamond is the ‘king of gems,’ symbol of purity and power. The romantic element and the value of diamond is making them an increasingly popular choice for engagement rings. Some people also use diamonds as investment. A key to enjoying your diamond jewelry over the years is knowing how to care for it and protect it. So if you have bought a diamond or diamond jewelry, you need a good diamond insurance.
There are many good reasons why your diamonds should have insurance. Diamond insurance will often protect your precious stone against damage and theft. So if the diamond was damaged so that the clarity grade has dropped by two grades or more, the insurance company will cover the cost of replacement. Assume further that the diamond is insured, and, regrettably, is stolen. The insurance company will simply pay you the amount of money based on types of diamond insurance policy you have.