Archive for March, 2016

What you should know when choosing insurance for your engagement ring

Posted on March 30th, 2016

Your engagement ring is a sentimental piece of jewelry that you wear day after day for many years. The ring is also a valuable piece of jewelry that could become lost or stolen.

With insurance, you can ensure that the ring is protected in the event of loss or theft. Finding the right insurance policy ensures that, no matter what the situation, your ring is fully protected.

The Fine Print of Engagement Ring Insurance

Insurance policies can be hard to understand. Take the time to review the full policy with the insurance agent before choosing the policy that is right for your personal needs. You should ask the agent which situations are covered, and what types of situations aren’t covered.

For example, will insurance cover the cost of repairing the ring if the setting is damaged? You should also know how long the policy covers the replacement cost of the ring, and whether the insurance becomes inactive after a certain amount of time.

Compare Policies

Different policies are available for jewelry. Make sure to compare the available policies, and choose one based on the coverage offered rather than the price. For instance, an inexpensive policy may not cover the cost of replacing a lost ring, while a comprehensive policy may cover the cost of replacing the ring whether it is stolen or lost.

Compare Companies

Along with comparing different policies from the same company, you can also compare policies from several different companies. A wide range of insurance options are available, including budget-friendly, comprehensive policies that ensure your ring is fully protected at an affordable cost.

Insuring Your Engagement Ring: Asking Questions

Don’t be afraid to ask questions about specific situations. For example, you may want to ask whether the insurance covers dropping the ring down the drain while washing dishes, or whether the replacement cost is covered if the ring simply disappears from your jewelry box. You should also know what type of documentation or verification is needed if the ring is lost or stolen.

Verifying Your Loss

Some insurance policies only cover theft, which must be verified by a police report. Asking questions can help you find a policy that covers a wide range of events, ensuring you can replace your ring if it becomes lost for any reason.

If you need to replace a lost, stolen or damaged engagement ring, visit our online store today. We offer a huge selection of engagement rings and other fine jewelry, allowing you to choose a replacement ring that reflects your personal style perfectly.

Get to know the history of the valuable pink diamond

Posted on March 24th, 2016

Diamonds are made of pure carbon, and many people have come to believe that the most valuable are the perfectly colorless or white diamonds. But the fact is that pink diamonds can be 10 to 100 times more valuable than colorless ones, especially if the pink diamonds are flawless and highly graded.

Understanding the allure of the pink diamond

What makes a pink diamond so valuable is not just its beauty, but its rarity. Pink diamonds have always been rare, and they are becoming more so every year.

Every year, only a few dozen quality pink diamonds are mined. Of all the colored diamonds or fancies, the pink diamond makes up 0.03 percent of all the diamonds mined in the world. So far, the highest price paid for a pink diamond was nearly $18 million paid for a 8.41 carat pink diamond with just a tinge of purple.

Interesting facts worth learning

Pink diamonds are always referred to as “she,” possibly because they’re pink! The largest known pink diamond is the Sea of Light or Darya-i-Noor, which is the great jewel among the crown jewels of Iran.

She weighs 182 carats, is very pale pink and is in fact one of the largest cut diamonds on earth. She was found in the same mine as the more famous Koh-i-noor, or Mountain of Light.

The next largest pink diamond is the Eye of Light, which weighs 60 carats and was set into the tiara worn by the Empress of Iran during her 1959 wedding to the Shah.

Most of the pink diamonds found today are quite small. That’s because the forces that bring diamonds from the depths of the earth to the surface are powerful enough to shatter them into smaller and smaller pieces, even though diamond is the hardest natural substance known on earth.

Pink Diamonds: The Color!

The color of a pink diamond is due to twists in the otherwise very stable lattice of a diamond. This twisting causes light to bounce around the lattice and come out in shades of pink.

Collectors crave pink diamonds with rich hues, which are called Fancy Vivids. They range from lovely cherry blossom pinks, which are favored in Japan, to the extremely rare red diamond. The most valued pink diamond is strong in hue, saturation and tone and even a tiny one can sell for a great deal of money.

Contact Us to Learn More!

To see Mark Broumand’s inventory of rare and beautiful jewelry, including diamonds, don’t hesitate to give us a call or visit our online store today.

What’s the best size diamond engagement ring to buy?

Posted on March 17th, 2016

Finding the perfect engagement ring can be stressful, especially if you’re unsure what size diamond to buy. The normal “three month salary” guideline can be helpful but it may not always be the right decision. Even if you can afford the largest diamond in the store, it may not be the stone that your fiancé desires.

Factoring in Your Finances When Buying an Engagement Ring

You always want to take into account what you really can afford. If you have saved up enough money beforehand, you will have a better idea of which diamond fits into your budget. Financing the ring will help you spread out the payment over time and allow you to get the bigger diamond that she wants.

And remember, if your budget is tight, sticking with the one carat diamond engagement ring might be a good idea for now as you can always upgrade later when your finances improve.

Choosing THE ring: The 4 C’s

When purchasing a diamond, it’s always important to remember the 4 C’s – cut, carat, clarity and color. Our diamond specialists can help you understand how the 4 C’s factor into a gorgeous diamond. The carat size will help dictate what type of setting you ultimately choose whether it’s a simple engagement ring or a larger setting with accent diamonds. Also, the level of clarity and color you choose will definitely have an impact on what size stone you will be able to afford.

Make Sure You Know Her Style and Tastes in Jewelry

Definitely take into account your fiancé’s style. Get clues from the styles of jewelry she already wears and don’t be afraid to ask a close friend or family member if they have suggestions.

Her style will help dictate which carat size you will end up leaning towards. You may already have an idea from joint shopping trips to the jewelry store what types of styles she prefers. If she is petite and prefers understated pieces, you may want to stick with a classic one carat diamond engagement ring. However, if she already wears larger pieces and would prefer a diamond with lots of accents stones, then a two carat diamond may fit into that larger setting she desires.

Picking out the perfect diamond is never easy but always keep in mind the 4 C’s, your budget and your fiancé’s preferences. Contact Mark Broumand today to learn more about the 4 C’s and to get the help you need finding the ring of her dreams.

A Ruby That Sold for $14 Million!

Posted on March 10th, 2016

When it sold recently at auction for the stunning price of $14.2 million, the historic ‘Jubilee Ruby’ made history. The sparking oval-shaped piece set a record at the Christie’s Magnificent Jewels sale event. In a matter of mere moments, the 15.99 carat multi-faceted stone became the single most valuable colored corundum gem to sell at a public auction in the United States.

Understanding High Diamond Prices

Of course, several other valuable pieces at the same auction garnered spectacular prices. The event produced approximately $57 million in jewelry sales, a rather remarkable tally.

Some impressive diamonds sparkled among the dazzling auction inventory. A well-cut brilliant diamond set in a ring obtained a winning bid of $1.4 million. The large 41.18-carat gem displayed an exquisite cushion cut.

Another, smaller, diamond ring offered in the same sale, a round brilliant-cut stone, measured 14.11-carats and included a beautiful platinum setting. The successful buyer paid $1.9 million for that piece. Another round-cut Type IIa stone, weighing an impressive 40.43-carats, commanded the hefty sum of $7.2 million.

Brightly Colored Diamonds

Bidders also paid generously for lovely colored diamonds at the auction. A pretty yellow diamond of 54.62-carats displayed a superb shimmering round-cornered rectangular cut. It brought a successful bid of $2.5 million, earning the seller an amount within the upper echelon of estimates furnished in advance of the sale.

An extraordinary purple-pink diamond of only 10.07 carats in a brilliant cut flanked by triangular diamonds attracted considerable interest. It eventually sold for $8.8 million.

A Ruby Like No Other

Of course, the historic ‘Jubilee Ruby’ with its record-setting sales price created one of the most dramatic moments of the auction, as bidding escalated upwards. Although the piece eventually sold within the upper range of the auctioneer’s estimates, it did generate a number of bids.

The piece displays a finely-crafted polished 18-karat gold setting in which sparkling accenting diamonds surround the central large red stone. Today, high quality red rubies from Burma have generated a lot of interest because of their comparative rarity and beauty.

Contact Us to Learn More About Our Spectacular Diamond Inventory

To locate exquisite pieces of fine jewelry, visit our online fine jewelry store today. We’ll guide you through the challenging process of finding and purchasing high quality gemstones.

3 Facts About Diamonds You Should Know

Posted on March 2nd, 2016

Nothing shines quite as brilliantly as diamonds, and when you put one on, you’re wearing a fascinating piece of history. Most diamonds found in nature are estimated to be between one and three billion years old. Maybe that’s why this gem continues to dazzle all of us with its enormous beauty. Join us as we look closely at the many virtues of diamonds.

Only Diamonds Speak Of Unbreakable Bonds

For those lucky ladies born in the month of April, the diamond birthstone gives you more reason to collect them. Diamonds remain the traditional symbol for engagement. It was first recorded in 1477 that a man had proposed to a woman with a diamond.

Austria’s Archduke Maximillian gave Mary of Burgundy a gold ring, featuring an M spelled out in diamonds. Diamonds are unmatched in versatility, wearing the title of hardest natural substance found on the planet. Remember this when you want to understand their authenticity – the only substance that can scratch a diamond is another diamond.4139-1D400JVS2_GIA_PLAT

Diamonds Go Deep Into The Core

The word diamond hails from the Greek word “adamas,” which means unbreakable, unconquerable and indestructible. When you consider how and where these incredible stones have been formed and found, you realize that a diamond is truly forever.

Diamonds are developed in nature from carbon and believed to form their rare crystalline shape about 100 miles beneath the earth’s surface. They are then carried to the surface by volcanic eruptions. Diamonds were first established and mined in India, Brazil, South Africa, Angola, Botswana, Namibia and Congo. Today, these dazzlers are mined in a number of other countries, with the top three producers being Botswana, Russia and Canada.4141-1D102082_171_130_18k

Ancients Marveled At The Discovery Of Diamonds

The ancient Greeks had a romantic idea about the beauty of diamonds, believing these brilliant gems were splinters of stars fallen on the earth. The ancient Romans believed that diamonds adorned the tips of Cupid’s love arrows. A diamond’s origin, as a revered stone, can be found way back in the fourth century BC, where the gems were collected and traded in India.

In the first century AD, the Roman naturalist Pliny remarked that, “Diamond is the most valuable, not only of precious stones, but of all things in this world.”

If you’re as in love with diamonds as we are, we encourage you to visit our online store, MarkBroumand.com, to learn see our beautiful diamonds firsthand.4132-1D152534_207_100_18k