Has anyone heard about a product called Gemprint. If so is it
true that Insurance Co’s world wide are requesting that all
stones over $600-00 have to be Gemprinted, to be insured. Or a
reduction of 10% on your premium will be granted to the insured.
Any info will be greatly appreciated.
I just spoke to the State Farm Ins. agent next door to my store
& they don’t even require an appraisal for any piece of jewelry
worth less than $5000. I know New Hampshire is a bit behind the
rest of the country when it comes to trends, but this is the
corporate policy which is in force everywhere State Farm writes
insurance. She has seem Gemprints come through occasionally on
appraisals, but there was no discount because of it. Most
appraisals done around here are nothing more than a letter
written by a jeweler with a brief description of the article and
the estimated value. That has always satisfied my insurance
company. I personally use a form similar to GIA’s grading reports
which I attach to a detailed description of the piece and, if the
customer is willing to pay extra, I will plot the stones.
It sounds like what you heard may have come from a Gemprint
salesman, who was prone to exaggeration.