Have you had your jewelry appraised lately?

Diamond ring by Tambako The Jaguar on FlickrIf you haven’t had your jewelry appraised in the past three years, you may be under-insured. Due to labor increases in India (where 90% of all diamonds are cut) diamond prices have spiked another 20% after rising 15% last year. This along with higher prices for precious metals could make a big difference especially if an appraisal hasn’t been done in a while.