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Perhaps not what would you do, but that would you buy.
We were burgled and unfortunately every single piece of jewellery I own was taken, including my engagement ring and wedding ring. Insurance has now issues a voucher to replace items, although a lot was irreplaceable. Anyway, I’m allowed to use it anyway I see fit, but have to use goldsmiths the company, I believe they can make stuff for me, or they can make a replica engagement ring etc.
Thing is we discussed it and feel like it would be better to go very different as I don’t want it being a reminder, so instead of a classic platinum single diamond ring, I want different.
1, inspire me with what you would buy, Or what you have! Bonus if it’s from goldsmiths but I can take a cash option, however will effectively lose over £2000 by doing that. 2, the engagement ring I do like is really really fancy, very very different from my usual classic style, and I’m wondering if it would be odd to just wear that. I don’t really want to take Away form the ring by adding more if that makes sense? Although in reality I still need to spend the money so no idea what I would get if I didn’t. But, I’m a less is more kind of person. I’m married 10 years with 4 kids, I really don’t care if people think, “oh she isn’t married” but equally would it be odd? Does it matter?
I guess I should state, I am not particularly girly, I don’t tend to wear jewellery (hence why it was all at home), but I do like things that are a bit different or unusual.
It wouldn't be that surprising if you felt like you wanted something different from the engagement ring you got a decade ago. Obviously, we love them forever because they're sentimental, but now that you've got to change yours, no reason not to go for something different.
To be honest any high st jeweller will be overpriced. You say you'll lose 2k... Id be more inclined to look at it as you'll get a much nicer ring if you went elsewhere... essentially that ring is probably at least 1k over the price you'd pay to get a properly lovely ring made.
Quite honestly I would argue for the full amount of money you insured for and look for secondhand. I challenged this voucher business when I lost a large pearl earring. They couldn’t match the existing one. It was a nightmare. I got the money in the end for a pair of earrings and they didn’t come from Goldsmiths! Secondhand buy so much more for your money. Looking on line would give you ideas.
Argue and get the full value you were insured for. No reduction of £2000! It’s a disgrace and they are cheating you. Just because they have a tie up to put business Goldsmiths way, you don’t have to accept this sharp practice. If your ring was insured for £5000, say, that’s what you get!
Thanks ladies. To be honest I didn’t expect that much. But they state if I take cash it’s £2100 less which may be due to my insurance limit. I must be really close to it. Nothing was specifically insured. I’ll certainly questioning it tomorrow though. Thanks
I'd speak to a few independent jewellers and see what they have an agreement in place with insurers. Goldsmith's commission cost is extremely high- so even with the lesser amount of money you could still end up with a better buy from a talented jeweller.
It annoys me so much that insurance companies get kickbacks for lining up with the big companies.
Sorry- just to explain- if you take vouchers for the insurers preferred suppliers then you get the full amount. The supplier gets the business but pays a stipend to the insurer for the privilege of being 'preferred'.
Smaller and independent jewellers can have agreements in place with insurers but obviously cannot afford to pay massive balances to insurers. We have to pay 10% of the total spend to the insurer which can be a lot of money when you have reasonable pricemargins/aren't conning the fuck out of people.