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Yes. What happens if you lose it, it gets stolen or a diamond falls out? I would insure it. You can get insurance on it from the jeweler. It’s not expensive.

yea man .. you gotta get it insured cuz if anything happends .. sooner or later , what shall you do jus sit there n cry .. you gotta get yer maney back .. get it insured.

Yes, definitely

YES. The insurance should not be more than about $80 a year.

Let’s say your 25. If you live to be 75, the insurance will have cost you $4,000 over your entire lifetime. That’s less than a replacement ring. Furthermore, diamonds aren’t getting any cheaper. They get more rare as the years pass and the ring that costs $7000 today might be $20,000 10 years from now considering the depletion of the Earth’s natural resources and the fact that the Earth is being mined faster than it is capable of recovering.

If the diamond is worth 6 grand or less…I have to go against the popular opinion of the rest here. I’d say get it insured if it’s worth 7 grand or more.

Only if it would be a disaster if the prong setting came loose and the diamond fell out, and you couldn’t find it.

Can you afford to loose it? This is the first question to ask yourself when considering insurance. Can you afford the premiums? This is the second question.
Do you already have other insurance that may cover part, if not all of the value already? Most home owners insurance and some renter’s insurance will cover up to a specified limit for jewelry.
If you have homeowners or renter’s insurance, will your company offer you a rider on your existing policy?
You should know that almost all jewelry policies allow the insurance company to replace your ring, rather than pay the value for it. The company’s procedure will depend on who you choose. Most will also require a GFIA appraisal.
With this appraisal, you can be assured that if replacement is warranted, you will get another ring that is as close as possible to the one you had. Pay attention to the ‘Loss Payable Clause’ in the policy that you choose, and ask the agent questions.
Insuring seperately from any insurance you may already have adds an extra bill to your desk. No, they are not all that expensive, but come once a year and are easily misplaced.
If the value of this ring is more to you than the money spent on it, I would do it- especially if it involves the lives and intent of others.

Yes, yes, yes! You could try this site for information on insurance…http://insurance.divinfo.com/