June 2025

JEWELRY INSURANCE ISSUES (formerly IM News), provides monthly insight and information for jewelry insurance agents, underwriters and claims adjusters.

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Jewelry Insurance Issues

Table of Contents

Click on article titles in red

2025

Uninsured jewelry - January

Wear and Tear - February

Jewelry's Odder Adventures - March

Diamond evolution - April

What color is that gem? - May

Going for the brown - June

2024

Gems aren't only in jewelry - January

A new switcheroo - February

Diamond deflation - March

The diamond engagement ring - April

A Case in Point - May

Gems & the sun - June

Faking the brands - July & August

BIG diamonds - September

What is a CPO Rolex? - October

Investing in Gems - Part 1: Scams - November

Investing in Gems - Part 2: Is it a good idea? - December

2023

Exploring the 4 Cs: Carat Weight & Cut are a team - January

Beautiful gems — but not always in jewelry - February

Rapaport's New Year Message - March

New technology, new standards for diamond cut - April

Wedding season has a new star - May

Lab-Grown Colored Gems - June

Price, value, valuation ... and limit of liability - July

Lab-Grown Diamonds – now and into the future - August

Fake diamond certificates – recurring scams and a strange new one - September

Mined or lab-made? - October

Fraud catcher: the sales receipt - November

2022

What's up with diamonds? Prices! - January

Ferreting out the Fakes - February

Vodka, caviar . . . and diamonds? - March

Conflict of Interest - April

Under the "covers" - May

Agents: Do you know who you're doing business with? - June

Brand-name fakes: a tale of jewelry, duplicity, and international intrigue - July

What is insurable jewelry? - August

Vintage Rolexes - September

Lab-Made Diamonds in the Fast Lane - October

Exploring the 4 Cs: Color – more complex than you may think - November

Exploring the 4 Cs: Clarity – for all transparent gems - December

 

2021

High-end jewelry & its docs - January

Where is gold going? - February

Hot off the press: Imposter diamonds & forged inscriptions - March

Jewelry insurers’ ethics - April

Can you spot a forgery? - May

Green Diamonds - June

Is the appraisal good enough? And is it enough? - July

Men’s Jewelry—Passing fad or wave of the future? - August

Jewelry appraisals — watches vs. jewels - September

Replacements & CAD/CAM - October

Lab-Grown Diamonds are coming your way - November

How important is the picture? Very! - December

2020

2020 Fraud Alert! Fake Lab Reports - January

Is it worth its weight in gold? - February

Grading lab-made diamonds - March

Safety deposit boxes - April

Evaluating a jewelry appraisal - May

Verifying the Lab Report - June

When you need a jewelry appraisal, what do you do? - July

Calling a diamond a diamond - August

Diamond clarity meets Artificial Intelligence - September

Mined or Lab-made: Who knows? - October

Covid 19 & jewelry insurance - November

Gem Enhancement’s slippery slope - December

2019

Gem Certificates again at issue - January

Yogo sapphires – What's in a name? - February

Lab-made diamonds: pricing, grading, valuation - March

What is an "eco-friendly" diamond? - April

GIA report: What's left out - May

A tale from the Caribbean - June

Lab-Grown diamonds are taking off - July

Brand impersonators & counterfeit jewelry - August

Lab reports for colored gems - September

FTC Guidelines for jewelry - October

Selling Salvage Jewelry - November

What's in a name—a brand name, that is? - December

2018

What's a Certified Appraiser? - January

Best Appraiser Credentials - February

Are the diamonds you’re insuring real? - March

Handwritten Appraisals - April

Internet Tips for Jewelry Insurers - May

De Beers will sell lab-grown diamonds - June

Do genuine gemstones break? - July

Luxury Watches - August

Who owns the ring? - September

Insuring Bling - October

The Price of a Replacement - November

Love Is In The Air - December

2017

Moral Hazard, Documents and the Bottom Line - January

Ruby and Jade - February

How to mail a diamond - March

Jewelry Insurance Appraisal Standards: JISO - April

Describing a gem's color - May

Why not just put jewelry on the Homeowner policy? - June

GIA Diamond Reports - July

Not just a pretty face - August

Moral hazards on the rise - September

Hurricanes, fires, floods—and jewelry insurance - October

Inherent vice / wear-and-tear losses are rising - November

FRAUD UPDATE – lack of disclosure, false inscriptions & doctored docs - December

2016

Inflated appraisals—alive & well! Shady lab reports—alive & well! MORAL HAZARD—ALIVE & WELL! - January

Clarity Enhancements v. Inherent Vice - February

How green is my emerald? - March

Cruise Jewelry - What's the problem? - April

Crown of Light ® - how special is it? - May

Diamonds at Auction — Big gems, big prices, and the trickle-down effect - June

Are you sure her wedding jewelry is covered? - July

What Affects Jewelry Valuation? - August

What to look for – on the jewelry appraisal, on the cert, and on other documents - September

Growing Bigger & Bigger Diamonds - October

Scam season is always NOW - November

Ocean Diamonds - December

2015

Pair & Set Jewelry Claims and the Accidental Tourist - January

Is that brand-name diamond a cut above the others? - February

Vacation Jewelry – Insurer beware! - March

Apple's Smartwatch – The risk of a wrist computer - April

Why you should read that appraisal - May

Smoking Gun! - June

Color-Grading Diamond: the Master Stones - July

Padparadscha—a special term for a special stone - August

Jewelry Appraisal Fees - September

Insuring a Rolex - steps to take, things to consider - October

Diamond camouflage and how to see through it - November

GIA Hacked! - December

2014

Who Grades? - January

Sales, discounts, price reductions, bargains, specials, mark-downs . . . . and valuation - February

Credential Conundrum - March

Frankenwatches - April

Fakes, fakes, and more fakes - May

Marketing Confusion — What is this gem anyway? - June

12 Reasons Not to Insure a Rolex! - July

Why NOT to insure a Rolex: Reasons 5-7 - August

Why NOT to insure a Rolex: Reasons 8-10 - September

Why NOT to insure a Rolex: Reasons 11-12 - October

The Doublet Masquerade - November

Is the gem suitable for the jewelry? Is this a good insurance risk? - December

2013

Wedding Rings on HO? NO! - January

Silver: the new gold - February

Point Protection - March

Tiffany v. Costco - April

What counts in valuing a diamond? - May

Appraising Jewelry - What’s a credential worth? - June

A Cutting Question concerning vintage diamonds - July

Synthesized Diamonds - Scam update - August

Pretty in Pink - Kunzite on parade... - September

Preventing jewelry losses - October

Scratch a diamond and you’ll find . . .??? - November

Synthetics in the Mix - December

2012

Advanced Gem Lab - A deeper look at colored gems - January

Whose Diamond? - February

Appraisal Inflation - It Keeps On Keeping On - March

Big Emerald - April

Changing colors and making gems: Are we seeing "beautiful lies"? - May

Diamonds - Out of Africa. . .or out of a lab? - June

Appraiser's Dream Contest - July

GIA & the Magic of Certificates - August

Pricey when it’s hot: What happens when it’s not? - September

Fooling With Gold - October

Tanzanite – December's stone - November

Branding Diamonds - What do those names mean? - December

2011

Unappraisable Jewelry - January

Replicas - Are they the real thing? - February

Composite Rubies- From bad to worse - March

Jewelry Hallmark - A Well-Kept Secret - April

Non-Disclosure: Following a Trail of Deception - May

Preserving the Diamond Dream - June

Spinel in the Spotlight - July

Jewelry 24/7 - Electronic Shopping - August

Diamond Bubble? - September

Disclosure: HPHT - October

"Hearts & Arrows" Diamonds - November

How a Gem Lab Looks at Diamonds - December

2010

Emeralds - And What They Include - January

Pink Diamonds: From Astronomical to Affordable - February

Palladium-the Other Precious White Metal - March

Bridal Jewelry - April

The Corundum Spectrum - May

How Photos Cut Fraud - and help the insured - June

The Price of Fad - July

Old Cut, New Cut-It's All about Diamonds - August

EightStar Diamonds-Beyond Ideal - September

The Hazard of Fakes - October

Jewelry with a Story - November

Counterfeit Watches - December

2009

Blue Diamond-cool, rare and expensive-sometimes - January

Turning Jewelry into Cash—
Strategy in a Bad Economy
- February

Enhancing the Stone - March

Being Certain about the Cert - April

Every Picture Tells a Story - May

Color-Grading Diamonds - June

The Newest Diamond Substitute - July

What Happens to Stolen Jewelry - August

Jewelry As an Investment - September

Black Diamond: Paradox of a Gem - October

Protect Your Homeowners Market—Keep Jewelry OFF HO Policies! - November

What’s So Great about JISO Appraisal Forms & Standards? - December

2008

Garnet - and Its Many Incarnations - January

Organic Gems - February

Do Your Jewelry Insurance Settlements Make You Look Bad? - March

Don't Be Duped by Fake JISO Appraisal - April

Diamonds in the Rough - May

The Cultured Club - June

Sapphire-Gem Superstar - July

It's a Certified Diamond! - But who's saying so? - August

FTC Decides: Culture Is In! - September

Paraiba Tourmaline – What's in a Name? - October

How Fancy is Brown? - November

CZ – The Great Pretender - December

2007

Moissanite's New Spin - January

Online Jewelry - Buying and Insuring - February

Blood Diamonds - March

Damaged Jewelry, Don't Assume! - April

Chocolate Pearls - May

Appraisal Puff-Up vs Useful Appraisal - June

It's Art, but is it Jewelry?- July

Diamonds Wear Coats of Many Colors - August

Danger! eBay Jewelry "Bargains" - September

TV Shopping for Jewelry - October

Enhanced Emerald: clever coverup - November

How do you like your rubies -
leaded or unleaded?
- December

2006

The New Platinum: A Story of Alloys - January

Ruby Ruse - February

How Big are Diamonds Anyway? - March

GIA Diamond Scandal
Has Silver Lining for Insurers
- April

Watch Out for Big-Box Retailers Insurance Appraisals - May

Mixing It Up: Natural and Synthetic Diamonds Together - June

Tanzanite - Warning: Fragile - July

Red Diamonds - August

Inflated Valuations & Questionable Certificates - September

Emeralds - October

Where Do Real Diamonds Come From? - November

Counterfeit Watches - The Mushroom War - December

2005

The Lure of Colored Diamonds - January

Synthetic Colored Diamonds - February

Watches: What to Watch for - March

When is a Pear not a Pair? - April

The Truth About Topaz - May

White Gold: How White is White? - June

One of a Kind - or Not - July

Jewelry in Disguise - August

Valued Contract for Jewelry? Proceed with Caution! - September

Antiques, Replicas and All Their Cousins - October

Grading the Color of Colored Diamonds - November

New GIA Cut Grade for Diamonds - December

2004

Synthetic Diamonds - and Insuring Tips - January

Bogus Appraisals and Fraud - February

A Picture is Worth Thousands of Dollars - March

Don't be Duped by Fracture Filling - April

Gem Scams Point to Need for Change - May

What is a Good Appraisal - June

4Cs of Color Gemstones - July

Gem Laser Drilling: The Next Generation - August

Why Update an Appraisal? - September

When to Recommend an Appraisal Update or a Second Appraisal - October

Secrets of Sapphire - November

Will the Real Ruby Please Stand Up - December

2003

Mysterious Orient:
A Tale of Loss
- January

Bogus Diamond Certificates and Appraisals - February

Can Valuations be Trusted? - March

Spotting a Bogus Appraisal or Certificate - April

Counterfeit Diamond Certificates - May

Case of the Mysterious "Rare" Sapphires - June

Politically Correct Diamonds - July

Name Brand Diamonds- September

Princess Cut: Black Sheep of Diamonds - October

Reincarnate as a Diamond - November

Synthetic Diamonds - December

2002

Irradiated Mail/Irradiated Gems - January

Fake Diamonds (Moissonite) - February

GIA Diamond Report - March

AGS and Other Diamond Certificates - April

Colored Stone Certificates - May

Damaged Jewelry: Don't Pay for Nature's Mistakes - June

The Case of the "Self-Healing" Emerald - July

Mysterious Disappearance: Case of the Missing Opals - August

The Discount Mirage - September

What Can You Learn from Salvage? - October

Gaining from Partial Loss - November

Year in Review - December

2001

Colored Diamonds - January

Good as Gold - February

Disclose Gem Treatments - March

FTC Jewelry Guidelines - April

Myths Part I: Each Piece is Unique - May

Myths Part II: Myths, Lies, & Half-Truths - June

New Trend: Old Cut Stones - October

The Appraisal Process - November

Year in Review - December

2000

Deceptive Pricing - January

Gems - Natural or Manmade - February

Jeweler/Appraisal Credentials - March

Fracture Filling - April

Salvage Jewelery - May

Gem Treatments - June

Don't Ask/Don't Tell - A Buying Nightmare - July

Laser Drilling of Diamonds - August

Jeweler Ethics or the Lack Thereof - September

Gem Scam - October

The Truth about Clarity Grading - November

Year in Review - December

 

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Going for the brown

This could be a Horatio Alger story of gemology: The overlooked brown diamond rises from its humble origins to secure a place in the world of fashionable jewelry.

Its path to success is marketing.

When it comes to diamonds of color, the elites are the color-saturated fancies, deep blues, greens, pinks, so rare and expensive that most consumers can just admire them in photos of celebrities or royalty.

At the other extreme, the star gem for engagement rings and other high-value jewelry, the diamond that is hyped as "forever," has long been the colorless diamond.  Indeed, when most people think of diamond, they imagine a flashing faceted stone that's all sparkle with no color.

But in the gem world, only about 20% of mined diamond are regarded as gem quality. The vast majority of mined diamond has been considered unsuitable for jewelry because it is of poor clarity or is "off-color," having traces of yellow or brown. Such material sometimes found its way into poor quality jewelry or was simply destined for industrial uses such as cutting, drilling, and polishing. 

In a surprise move, De Beers recently announced a new industry-wide program promoting diamonds that are off-white, yellow or brown. That is, the new program will promote mined diamonds of these colors. It's a tactic aimed at increasing the sale of mined diamonds over lab-growns.

Mined v. Lab-Grown

Mined diamond has always been De Beers' focus. The company invented the slogan "A diamond is forever" back when mined diamond was the only kind found in high-value jewelry.

Lab-grown diamonds at €5 a pop

But these days there's competition, and many mining companies (as well as jewelry retailers) are concerned about the slumping sales of mined diamond.

At a shopping mall in Antwerp, a gumball machine dispensed lab-grown diamonds, weighing about 0.30 carats each, for €5(about $5.70) apiece. It was part of a campaign to demonstrate to consumers the low value of diamonds made in a lab.

As lab-grown diamond (LGD) increased in quality and consumer popularity, De Beers came up with its own LGD brand, Lightbox, which made and sold lab-grown diamond jewelry at super-low prices. Lightbox advertising and pricing aimed to create the perception that LGDs were far less valuable than mined diamonds and that, in fact, only mined diamond was real diamond. That effort didn't work out well, and Lightbox comes to an end this year.

De Beers' new promotion of mined diamond is called Ombré Desert Diamonds, a name chosen to reflect the "beautiful African deserts" where De Beers mines many of its diamonds. The premise is that gem-growing labs are producing colorless diamonds and diamonds of strong colors, but nature produces a range of subtle colors. These diamonds can be marketed under names like champagne, warm white and amber.  The CEO of De Beers Group said that each gem is unique in color and origin, which "contrasts completely with the endless array of commoditized lab grown."

Pale yellow diamond

Brown diamonds are not new in the marketplace. Champagne, cinnamon, honey, cognac, caramel, nutmeg, butterscotch, espresso, clove, toffee and café au lait diamonds made their way into jewelry advertising a few decades ago. Chocolate Diamond® is even a registered trademark.

Rarity doesn't seem like much of a selling point here, as there is no shortage of mined diamond in this color range. For most diamond mines, 15% of the production is in the brown range, and for some mines it's as high as 80%.

Yet De Beers' CEO held on to the importance of that quality: "For 600 years, people have loved natural diamonds because they are beautiful and rare," he said. Lab-grown diamonds "aren't rare, and they certainly won't be in 600 years' time. Natural diamonds will be even more scarce than they are now." But he added, rather sheepishly, "Then again, none of us will actually be around to find out."

As for the De Beers initiative called Ombré Desert Diamonds: well, there already exists a brand called Desert Diamonds. It proudly offers "lab-created conflict-free diamond simulants . . . providing a perfect alternative to mined gemstones."

 

FOR AGENTS & UNDERWRITERS

It's easy to be misled by clever marketing. Despite what De Beers would like consumers to believe, lab-grown diamond is real diamond. (It is not a simulant, which is some other material made to look like diamond.)

Some designers of high-end jewelry are making beautiful use of brown diamonds. Makers of lower-quality jewelry may piggy back on their success and try to catch the fashion trend.

Because fashions can change, so be sure to keep valuations updated.

Given the abundance of brown diamond, off-color stones are already used in poor-quality jewelry produced here and abroad. Be wary of fraud taking advantage of a new fashion.

Cognac Diamond Engagement Ring
from Liori Diamonds website

In the current market, mined diamond has a significantly higher valuation than lab-grown diamond, so all appraisals and lab reports should specify whether the gem is lab-made or mined.

The market valuation of both mined and lab-grown diamonds is in flux, so that's another reason to keep valuations current.

It goes without saying that chocolate and butterscotch are not gemological terms for gem color. But there's little standardization here. At least be sure to get photos, and keep on file any materials from the seller.

A mined gem is sometimes called natural. A gem may be of natural (mined) origin, but it's color may not be. Treatments can disguise a low-quality gem and they may not last. Be sure the appraisal and lab report name any treatments of the gem or else state that the gem is untreated.

FOR ADJUSTERS

If you have a completed JISO 78/79 appraisal, it should contain all the information you need to price a replacement.

If you are working with other documents, use JISO 18 to put all your information into a standardized format. This will organize the information you have and help determine whether any details are missing.

Carefully examine documents for synthetic or equivalent words: cultured, lab-grown, man-made, etc.

A mined gem is sometimes described as natural. However, its color may not be natural, so examine the documents for the words treatment or enhancement, or for a statement that the gem is untreated.

If you see a brand name, be sure you understand the significance of it. A brand name often reveals whether the gem is mined or lab-grown, and the valuation difference can be immense, especially with colored diamonds.

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