You may wish to just use your receipt from wherever you purchased it for your insurance appraisal.

However, here is a loose stone similar to yours. Same color, slightly smaller weight, no fluor:
http://rockdiamond.c...-great-sparkle-r3971

 

Hi JE...I'd like to congratulate you and your fiance on your engagement...

Now, how about posting your beautiful sparkly ER so we all can get a better look at the ring you so very love...and it does sound lovely!  

BTW, did piecing the price of the DBL single stone below plus that $3500 semi-mount quote make you feel more comfortable with your purchase price?  You didn't mention what metal was used for the setting...but I think the quote he gave you for that 1.99 ctw. high quality diamond setting was on the low side...of course,  depending on the metal used, workmanship and whether is was a  custom hand made piece...

Pictures please...          

I would *only* use the receipt for insurance purposes if you have a policy that allows you to have say in the diamond replacement if it ever comes to that.  With my homeowners insurance I would want to use the very detailed appraisal so that they couldn't try to stick me with a lower quality diamond than what I got.  Now if your receipt gives the color, clarity and any grading report numbers then that would be fine to use.

Since I actually use a stand alone policy that allows me to pick my vendor and have say in the stone & setting, I don't worry as much aobut the details.  With my homeowner's insurance I would have to let them pick where to buy and replace everything which I won't do.  My policy allows me to go to wherever I want to pick a stone/setting.  As long as it isn't above the insured value they will just pay the bill.  If I want to upgrade at the time I pay any differences out of pocket.

Is your stone graded by someone like GIA or even IGI?  If it is does the appraisal match up with what you thought you bought?  My personal thoughts on appraisers is that if you want a 2nd opinion you must go to a stand alone appraiser - not a jewelry store.  Unless you really trust the jewelry store, there is usually a huge conflict of interest.  Personally speaking I find it really hard to find a store that is trustworthy  Many I go to when I am browsing do all they can to put an item down to try to sell me a new one.  It really disgusts me.  I have had more bad than good jewelry store experiences.  The truly good are a rare breed indeed.

I am curious how off was the appraiser with what you thought you had?  It is hard to accurately grade a stone in a setting which can account for differences (not including just doing a poor job of appraising).  Also if this person is not used to grading stones of color then I would wonder how they know the true value of a colored diamond.

Thank you for all of the comments.  They have helped a ton! To answer a couple questions -

1. I do have a certificate for the stone (EGL USA) but I do not have an appraisal from the store of purchase.
2. The appraiser that I went to rated my ring the exact same as my paperwork (he actually said he would rate the color as a light fancy, not W-X).  I did not allow him to view my paperwork until after the appraisal was completed as I wanted to make sure he didn't simply copy the specs. 
3. I was planning on insuring my ring with Jewelers Mutual.  I called but was told that any value insured over $5,000 must be submitted with an independent appraisal in addition to a certification.

Here's where the story gets fishy...

The appraiser that I went to stated that he found numerous comperables (1.8+, natural light fancy yellow, VS2) for $2000-$3000.  This is where I almost fell out of my chair.  If you could purchase a 1.8+ ct diamond for $2,000+, wouldn't everyone have a giant yellow stone?  I've not seen a single stone for this price or even in this range.  Have any of you?  From what I have found, even much lesser quality stones are still far above this range.  At this point I not only need an accurate appraisal for insurance, I also want piece of mind.  I can tell you the purchase price of the stone was MUCH higher than the value stated and I really want to make sure we weren't totally taken for a ride.     

I'll take a look at the list of appraisers provided.  Thanks!

Pardon me?  If he found comparables for that price, I want to know where.  Seriously.
And *bay doesn't count.

I so agree!  I would imagine that these "comparables" really aren't so comparable at all - if they do indeed exist.

  extra carrots? anybody said carrots?

Hello everybody!

Amazing advice given so far.
A few things stand out to me....
1) it's going to be extremely difficult to find an appraiser familiar with these colors.
2) An EGL report calling a stone W-X is worth....less than nothing. Stones with such EGL grades could be an L color for all we know.
Just engaged- that is not to say you don't have a lovely diamond- but whoever sold it to you should have been very clear that EGL is not a reliable source of grading information. That makes any kind of comparable impossible to really equate......I would not even take an appraiser's word on something like this.
Depending on what you paid, it might make sense to
a) keep it as it is, and not really carte- if it's cheap enough.
b) if you paid a price comparable to a real W-X VS2 ( as graded by GIA)- then either ask for a refund, or ask that the seller submit the stone to GIA- which itself is problematic.
The stone must be removed from the setting for proper grading. That includes any appraiser as well.

SO- if the price is cheap enough, the lab report becomes far less important.
What is never less important is the quality of information supplied by the seller.
Were you aware of the EGL discrepancy?


ETA- let's not even waste time on the moron quoting $2k for a 1.8ct