Engagement ring shopping!

engaged1315

Hi everyone!! I have just recently got engaged and its still very much being kept quiet as we need to pick the ring! I just wanted to ask some opinions on the high street jewellery shops in Dublin. Is is true that you wont get value in some of the main jewellers such as Weirs, Sheerans or Applebys up the Grafton Street end of Dublin? I have read some posts where people say these shops have marked up the price of their jewellery however I would have thought they would have been supplying good quality jewellery. Also do people have any advice as to what really makes your ring a "good" ring per se. I have read over and over again all about the 4 c's but I would like to see what people have found is best to focus on to ensure a good diamond! I hope this makes sense as I am still very new to all of this!!

helimachoptor

Talk to seamus in Voltaire, bought engagement and both wedding rings with him (he has a boards account) good price and a fantastic service.

engaged1315

Hi helimachoptor just wondering did you find better value going this route as opposed to going to one of the jewellery shops in town?

pooch90

Definitely go to Voltaire, if nothing else, they take away all the nerves and scariness involved in making such an important purchase and don't try to push anything on you that's outside of your budget.
It also lets you get something a little bit different. I haven't seen anyone with an E-ring like mine, in a sea full of halo set rings.

seannash

in general diamonds are a lot more expensive over here.

I got my fiances ring in new york and had it valued for insurance purposes.it was valued at twice the value we paid for it.
recently we had to get it revalued and it was valued at 3 times what we paid.
I quizzed the valuation because it put my house I surance up and they said if you were to buy the same ring in Ireland it would cost you that

helimachoptor

engaged1315 wrote: »

Hi helimachoptor just wondering did you find better value going this route as opposed to going to one of the jewellery shops in town?

Yes, also tbh the impression with a shop is it sales but with Seamus (while obviously he wants the sale) it's not pushy in the slightest.

I had a recommendation from a friend who'd used him.

Jack Kyle

I'd recommend a trip to Antwerp.

If you do your research, you can make serious savings.

username123

I got mine in one of the main shops you mentioned. We knew the cost was going to be over the odds, but on a purchase that size, we both wanted the assurance that we would have good after sales care. Id have little interest in going abroad and the cost that it would entail, plus the worry that my cluelessness was making me an easy target to be ripped off.

I preferred to use an established Dublin business. They have repaired and remounted the engagement ring for free for me after it got damaged, clean the rings once a year, absolutely no quibble and treated as though you are spending the same amount again when you are in there.

I know some people are more interested in getting a bigger bang for their buck, but I was more interested in long term peace of mind. (we were loaded at the particular time as well, ah the celtic tiger!)

seannash

it all depends on how much your spending though.
if your not spending a lot the saving might not be anything significant to be honest.


I'm not saying you have to spend a lot I'm just saying you might be worrying about nothing

Jack Kyle

Just to clarify, I did a lot of research and went to a reputable jeweller in Antwerp.

I saved around 60% a reasonably large number by doing this.

I could pay for my wife to have the ring checked by someone in Dublin every six months for the rest of our lives and still be in the money.

username123

I think the previous posts (including my own) really illustrate the different mindsets on it. It really depends on how you view the engagement ring, and what type of a person you yourself are.

I wouldnt like to be wearing a ring that was worth an enormous sum of money - Id see it as a waste, Im just not that materialistic about things like jewellery.

I also wouldnt be bothered doing loads of research - for a ring. Its supposed to be a romantic gesture so Id prefer it to be treated as such, and not as an investment.

One thing I will say now, if I could go back and do it again, Id only want a fraction of the cost spent. Its a ring. Thats all it is. Sometimes I look at it (and the wedding/eternity ring) and imagine the holidays we could have had for the cost of them, or the year we could live mortgage free if we had the cost of them back again!!

Everyone is different, so do whatever suits you.

engaged1315

Hi username 123 I think I am of the same opinion as you. I have to say we visited all of the above shops and their prices are very much in line with one another.What I did find though in one particular shop they treated you like royalty were in no way pushy and I felt a lot more at ease with them knowing they have been in business for a long long time and have a good name( and if something went wrong that I could just pop in!).However I would like to know that I am getting value for my money though and I find that its hard to know that when you have never bought a diamond ring before! I wonder have any of the other posters who were so kind as to give me their advice would have any idea as to what standard of a ring I could get somewhere like Antwerp of Voltaire with a budget of 4000k max. As I havent mentioned our engagement to anyone except both sets of parents I am finding it very difficult to get advice or guidance and any more would be greatly appreciated!!

Jack Kyle

Pick out a ring for €8,000 in a Dublin jewellers.

Go to Antwerp.

Buy the same spec ring for €4,000.

engaged1315

Can I just ask when you buy your ring is it valued at the price you pay for it in a jeweller or do you go and get your own valuation done on it? Could it ever happen that your own independent valuation would be less than what the jewellery shop said? That seems like a big saving Jack!

Jack Kyle

engaged1315 wrote: »

Can I just ask when you buy your ring is it valued at the price you pay for it in a jeweller or do you go and get your own valuation done on it? Could it ever happen that your own independent valuation would be less than what the jewellery shop said? That seems like a big saving Jack!

It's a while since I did my research, but diamonds are a commodity like anything else and traded on exchanges like the one in Antwerp. They have a "price". A decent jeweller in Antwerp just strolls down to the exchange, buys the diamond, makes the ring and adds a reasonable profit margin.

On the other hand a broker in Antwerp buys the diamond, adds his profit margin and sells the diamond to a wholesaler who then adds his profit margin and sells it to a jeweller in Ireland who then adds his profit margin which is (like everything in Ireland) ridiculous.

By going direct to Antwerp (or somewhere like South Africa) you can eliminate layers of profit taking.

username123

engaged1315 wrote: »

I have to say we visited all of the above shops and their prices are very much in line with one another.

Oh yeah, something that they dont tell you until you show the colour of your money is the price on the ring is not the price they charge, they knock off up to 25% when it comes down to buying. They dont tell you this until youre sitting there saying - yes, I think we will go for this one. After I twigged this in one of those places, I became more upfront in the next and asked whats the best price they can do it for. Its a bit silly because I had ignored rings I thought were nice but beyond budget but they would have been within budget if Id known they knock money off!

engaged1315

Oh yikes thats very confusing username123! Do they really knock up to 25% off? that sounds like an awful lot! So if a ring was €5k they would give if for less than €4k?

username123

engaged1315 wrote: »

Oh yikes thats very confusing username123! Do they really knock up to 25% off? that sounds like an awful lot! So if a ring was €5k they would give if for less than €4k?

Yeah - depends on the ring - sometimes they are wanting to clear older stock.

I know from memory that it was at least 1k on rings up to 5k and sometimes more - although sometimes less - I guess it depended on the mark up, the age of the stock etc.. Some styles come in and out of fashion whereas some are more timeless.

There was one ring we looked at for 7k and were told theyd let it go for 5.6k. But there was another I liked for 6k and they only offered 500 euro off.

This was back in boom time mind you so there may have been more scope to do this, since the downturn in the economy perhaps they are not so "generous" in their discounts. The only way to know is to ask - but know that yes, you can haggle.

The other thing is I got my wedding ring in the same place and because my file is there it was correctly sized, and then hubby surprised me with an eternity ring after a year and he had it in the right size and it matched the existing rings because again he went back to the same place - so its handy that way too.

engaged1315

thats all great information to have to hand username123. I was wondering if you or any other posters would have any idea as what to be expecting to pay for a ring with a .55 centre stone, and .40 carats in the shoulders and setting, with an e clarity and si1 inclusions? Its very hard to find an exact match as elsewhere u could find the same amount of carats and different colour or else less something different on clarity! Also do you recieve a valuation with your ring or do you have to go and get your own done independently?

username123

engaged1315 wrote: »

Also do you recieve a valuation with your ring or do you have to go and get your own done independently?

I cant answer the rest of your post but yes, we received a valuation with the ring and also a cert of some kind stating the diamond was ethically sourced and was recorded on some central diamond database - I dont know where this is now so cant remember the detail on it.

engaged1315

thanks again for all your help. I think it has put me more at ease to know that there are other people who think along the same lines of myself and like to know the security of having the shop there to pop into at anytime. I am a little worried about getting a ring totally made from scratch for fear it wont come out as I had it visualised so i think its safer to maybe pay a bit more for the "name" of the shop of know that I am happy with how it looks! thanks for your help username123

username123

Have a look at some of the work of independent ring designers and makers before you make your final decision.

As far as I am concerned, time and travel have a cost involved in themselves. I am someone who likes a stress free life. The thoughts of having to do loads of research, travel to a different country etc to save a few quid - it just wouldnt be worth it to me. I dont want to be a diamond expert, I want to pay someone who already IS a diamond expert!

Ive also seen a negative outcome of such endeavours in a couple of cases, one where an extremely wealthy friend took his missus to be to New York and off they went to the diamond district and he paid 10k for a ring, came home, brought it to be valued for his insurance and it turned out it was worth far far less than he had paid. Obviously he went back, but man, the hassle, New York - having to get time off work to go back, the cost, the engagement being ruined with this awful memory etc....

seannash

username123 wrote: »

Have a look at some of the work of independent ring designers and makers before you make your final decision.

As far as I am concerned, time and travel have a cost involved in themselves. I am someone who likes a stress free life. The thoughts of having to do loads of reseaorch, travel to a different country etc to save a few quid - it just wouldnt be worth it to me. I dont want to be a diamond expert, I want to pay someone who already IS a diamond expert!

Ive also seen a negative outcome of such endeavours in a couple of cases, one where an extremely wealthy friend took his missus to be to New York and off they went to the diamond district and he paid 10k for a ring, came home, brought it to be valued for his insurance and it turned out it was worth far far less than he had paid. Obviously he went back, but man, the hassle, New York - having to get time off work to go back, the cost, the engagement being ruined with this awful memory etc....

and this can't happen in Ireland??


if your worried about the value of the ring(which the op clearly is) she should look at buying the stone loose and put it in a setting she likes.

also the convenience of having your ring size on file isnt something that would affect a purchase for me.


Op check out blue Nile for a rough guide to retail prices for diamonds

also make sure it has a gia cert.
there are other certificates but gia is considered the most trusted.buying a loose diamond and putting it in a setting is a great way to go.

username123

seannash wrote: »

and this can't happen in Ireland??

Of course it can but Id imagine its an unlikely scenario from the Irish places that are mentioned in the OP, they have been in business for decades and have good reputations. Whereas if you go abroad you wouldnt know the reputation of where you are going (not without a lot of research and Ive already stated my opinion on that). Plus if you have an issue of that magnitude from an Irish shop you dont have to arrange time off work and fly halfway round the world to resolve it. I mean, its pretty obvious an issue is far less stressful close to home than a transatlantic flight away!

I think you missed the point about the ring size - its not just the size but the ring itself that was on file so the eternity ring is a match in style and diamond size - basically it works because it was an option to make a matched set. And they had my size on file.

name0123

I really wanted to get my engagement ring made so I spent the day in dublin looking at rings. when I found one I loved I got onto a few places that specialise in making rings and I can just say one place in dublin that is very popular for this was much more expensive than buying the ring from the shop.

I ended up getting it made down in wexford and absolutely love it

seannash

username123 wrote: »

Of course it can but Id imagine its an unlikely scenario from the Irish places that are mentioned in the OP, they have been in business for decades and have good reputations. Whereas if you go abroad you wouldnt know the reputation of where you are going (not without a lot of research and Ive already stated my opinion on that). Plus if you have an issue of that magnitude from an Irish shop you dont have to arrange time off work and fly halfway round the world to resolve it. I mean, its pretty obvious an issue is far less stressful close to home than a transatlantic flight away!

I think you missed the point about the ring size - its not just the size but the ring itself that was on file so the eternity ring is a match in style and diamond size - basically it works because it was an option to make a matched set. And they had my size on file.

You do make it sound like the research is hard.
You can pull retail sales prices for any sized,cut,clarity diamond at a moments notice online to see if your being had or not
Once it has a GIA cert your good to go really.

I bought my fiance's engagement ring in the diamond district and like I said its increased in value.
I wasn't looking for the best bang for buck but I did have a size and cut I wanted (1.5CT,Cushion cut) and got a great deal on it.
I had planned on getting the setting sperately but they had the one I wanted in the shop and got the whole lot done in one afternoon.

I know it wont matter to some but the OP clearly wants to get good value and imo you wont get it in a retail store in Ireland(The overheads they have compared to an online store are ridiculous and as a result there mark up is higher)

I get your point about them having your ring on file but this would also restrict you with your ring choice too and cost aswell if you stuck to that store.

The other option is one that has had the impurities removed via lazer
Enhanced diamonds are alot cheaper and sometimes the lazer holes are invisible to the naked eye once filled.
This is how people can get a big diamond for very little money as the cost drops severly.

Unless its certified by GIA,regardless of where you buy it, be careful to make sure its not an enhanced diamond.

Dont accept any other certification.

mrbad

seannash wrote: »

in general diamonds are a lot more expensive over here.

I got my fiances ring in new york and had it valued for insurance purposes.it was valued at twice the value we paid for it.
recently we had to get it revalued and it was valued at 3 times what we paid.
I quizzed the valuation because it put my house I surance up and they said if you were to buy the same ring in Ireland it would cost you that

Hi Seannash. Just wondering when you paid your importation tax z(20%?) and then the vat(23%) , was it really that great value? And isn't a valuation really for it at a top price... I mean your not going to sell it at that price.if a shop in town has a ring valued at 10000... They will with a haggle sell for I guess, 7500, but the valuation is still 10000.
Interestingly I note the insurance companies refuse to pay out if you have illegally imported a ring and notbpaidnthe vat and importation tax. So you have a uninsurable piece of jewellery.

Jack Kyle

mrbad wrote: »

Interestingly I note the insurance companies refuse to pay out if you have illegally imported a ring and notbpaidnthe vat and importation tax. So you have a uninsurable piece of jewellery.

A myth put out by the jewellery industry in Ireland to protect its rip-off culture and scare people into not shopping elsewhere.

Corkbah

Jack Kyle wrote: »

A myth put out by the jewellery industry in Ireland to protect its rip-off culture and scare people into not shopping elsewhere.

from what I understand the insurance company are interested in valuation of the item insured - you dont have to show or give them the receipt...so if I'm correct that debunks it also...and I think I'm right.

Jack Kyle

Corkbah wrote: »

from what I understand the insurance company are interested in valuation of the item insured - you dont have to show or give them the receipt...so if I'm correct that debunks it also...and I think I'm right.

Absolutely.

I've never seen or heard of an insurance company looking for evidence that VAT was paid on an item.

And for purchases made in the EU (e.g. Antwerp), VAT and customs duty aren't relevant.

seannash

mrbad wrote: »

Hi Seannash. Just wondering when you paid your importation tax z(20%?) and then the vat(23%) , was it really that great value? And isn't a valuation really for it at a top price... I mean your not going to sell it at that price.if a shop in town has a ring valued at 10000... They will with a haggle sell for I guess, 7500, but the valuation is still 10000.
Interestingly I note the insurance companies refuse to pay out if you have illegally imported a ring and notbpaidnthe vat and importation tax. So you have a uninsurable piece of jewellery.

to answer your question, never paid import tax as I had it in my carry-on luggage.
I get your point about valuations but I have discussed this with the appraisers because I wanted a lower valuation and was told that if I wanted to buy this ring again this is the cost.
the ring has been appraised 3 times at this stage.

as for the uninsurable part, I think people have answered that.

mrbad

Jack Kyle wrote: »

A myth put out by the jewellery industry in Ireland to protect its rip-off culture and scare people into not shopping elsewhere.

No myth jack Kyle. I first heard of it about 5 years ago.in the uk, and it was meant to be happening here sometime after that.There was a test case.

think about it.you have evaded tax. Being a tax evader, you have committed a crime.its illegal. What planet Are you on to think the insurance company will pay out for you illegal acts.

Its more rip off culture To encourage people to purchase overseas and avoid paying tax.depriving the state of vital income.you Enjoy the roads, gardai schools etc who do u think pays for this.my Taxes have gone up because of tax evaders.so have yours.

Jack Kyle

mrbad wrote: »

No myth jack Kyle. I first heard of it about 5 years ago.in the uk, and it was meant to be happening here sometime after that.There was a test case.

think about it.you have evaded tax. Being a tax evader, you have committed a crime.its illegal. What planet Are you on to think the insurance company will pay out for you illegal acts.

Its more rip off culture To encourage people to purchase overseas and avoid paying tax.depriving the state of vital income.you Enjoy the roads, gardai schools etc who do u think pays for this.my Taxes have gone up because of tax evaders.so have yours.

Are you serious?

How exactly do you think that insurance works? If someone has a ring and a valuation and they insure the ring, the insurance company don't start looking for evidence that VAT's been paid!

And I purchased in the EU so tax / customs evasion isn't relevant in my case.

mrbad

Jack Kyle wrote: »

Are you serious?

How exactly do you think that insurance works? If someone has a ring and a valuation and they insure the ring, the insurance company don't start looking for evidence that VAT's been paid!

And I purchased in the EU so tax / customs evasion isn't relevant in my case.

Glad your not a tax evader and you don't support people evading tax,by not paying importation tax and vat.

Yes I am serious.

And I understand insurance companies quite well.if you Insure your home,and have to make a claim when it has burnt down,they won't pay out if you have failed to mention you have a criminal conviction for say,GBH or what ever.you should have told them.
Insurance companies specilize in wriggling out of paying.all that small writing.if they find out you have committed a crime by illegially importing this ring,they won't pay.
Ask them.

seannash

mrbad wrote: »

Glad your not a tax evader and you don't support people evading tax,by not paying importation tax and vat.

Yes I am serious.

And I understand insurance companies quite well.if you Insure your home,and have to make a claim when it has burnt down,they won't pay out if you have failed to mention you have a criminal conviction for say,GBH or what ever.you should have told them.
Insurance companies specilize in wriggling out of paying.all that small writing.if they find out you have committed a crime by illegially importing this ring,they won't pay.
Ask them.

so in my case I lived in new York for 8 years and bought the ring before I returned home for good.
am I a criminal?

mrbad

seannash wrote: »

so in my case I lived in new York for 8 years and bought the ring before I returned home for good.
am I a criminal?

I would check with the revenue. Did you pay ur importation tax and then the vat?

Maybe there is exceptions for long periods if you have lived in a country. But they want proof of purchase.
And they may ask for proof or residence there.
U can offer proof if you have been paying income tax there and determine if you are really resident there are just acting the maggot.

But they still may determine you have illegally imported it.
If I import a car after I lived in new York for 8yrs all the vrt taxes etc are still due.I'd say it's the same with high value goods.
So check with your insurance co and the revenue.
With insurance companies I would get the full info from them.not boards.ie

Jack Kyle

mrbad wrote: »

I would check with the revenue. Did you pay ur importation tax and then the vat?

Maybe there is exceptions for long periods if you have lived in a country. But they want proof of purchase.
And they may ask for proof or residence there.
U can offer proof if you have been paying income tax there and determine if you are really resident there are just acting the maggot.

But they still may determine you have illegally imported it.
If I import a car after I lived in new York for 8yrs all the vrt taxes etc are still due.I'd say it's the same with high value goods.
So check with your insurance co and the revenue.
With insurance companies I would get the full info from them.not boards.ie

You're posting erroneous nonsense which suggests to me that you've a vested interest in persuading people not to swerve rip-off Ireland and shop overseas.

Someone who has been non resident for a while and returns to Ireland with a car can do so without having to pay VRT on the car.

seannash

mrbad wrote: »

I would check with the revenue. Did you pay ur importation tax and then the vat?

Maybe there is exceptions for long periods if you have lived in a country. But they want proof of purchase.
And they may ask for proof or residence there.
U can offer proof if you have been paying income tax there and determine if you are really resident there are just acting the maggot.

But they still may determine you have illegally imported it.
If I import a car after I lived in new York for 8yrs all the vrt taxes etc are still due.I'd say it's the same with high value goods.
So check with your insurance co and the revenue.
With insurance companies I would get the full info from them.not boards.ie

I think I'll take my chances as I'm fairly confident that people have bought rings in NYC and have had successful claims.
how the hell would people insure family heirlooms if they need a proof of purchase

mrbad

Jack Kyle wrote: »

You're posting erroneous nonsense which suggests to me that you've a vested interest in persuading people not to swerve rip-off Ireland and shop overseas.

Someone who has been non resident for a while and returns to Ireland with a car can do so without having to pay VRT on the car.

Hi Jack.
It is not erroneous.
It's what I have read. Why are u so defensive? It's no problem, just go ask your insurance company.
I love Ireland.& i dont find it expnsive these days.i am delighted to support my own.and I am surprised u say it's a rip off. The only person ripping us off is someone who buys a ring in the states,and returns and does not pay the vat 23% and also the importation tax,20%(?)
And if the lose it and say oh but it's a heirloom or some untruth, and did thru this succeed in a claim, again they would be ripping us off, causeing everyones premiums to be going up because of them.

Note on car... Now I am no expert, but I understand, u need to re register all cars to Irish reg.VRT,, maybe you don't, but I would check the revenues site.maybe if u have owned it for over a number of years you wil be exempt.

mrbad

seannash wrote: »

I think I'll take my chances as I'm fairly confident that people have bought rings in NYC and have had successful claims.
how the hell would people insure family heirlooms if they need a proof of purchase

A link.its from 3years ago.the insurance companies are since much more aggressive.

http://www.consumeractiongroup.co.uk/forum/showthread.php?259990-insurer-won-t-pay-for-lost-ring-please-help

Scroll down, a few people have flatly been refused.

Also this surfaced 6 yrs ago in Ireland

http://www.askaboutmoney.com/showthread.php?p=510098

Scroll down to the end,last two posts. The test case in the uk was mentioned.

Regards.

seannash

mrbad wrote: »

Hi Jack.
It is not erroneous.
It's what I have read. Why are u so defensive? It's no problem, just go ask your insurance company.
I love Ireland.& i dont find it expnsive these days.i am delighted to support my own.and I am surprised u say it's a rip off. The only person ripping us off is someone who buys a ring in the states,and returns and does not pay the vat 23% and also the importation tax,20%(?)
And if the lose it and say oh but it's a heirloom or some untruth, and did thru this succeed in a claim, again they would be ripping us off, causeing everyones premiums to be going up because of them.

Note on car... Now I am no expert, but I understand, u need to re register all cars to Irish reg.VRT,, maybe you don't, but I would check the revenues site.maybe if u have owned it for over a number of years you wil be exempt.

Ha ha ha ha ha are you serious?
I hope I never have to make a claim for the engagment ring but if I do I will have paid my high insurance premium for it for many years.

How come the insurance company didn't ask for proof of purchase when I took out the insurance?Whether you agree or not on how someone acquires there engagement ring is absolutely of no concern of yours.
The fact is your talking out of your ring and spreading false information.

I stimulated the US economy with my purchase and paid the taxes over there.
Your basically admitting that because of VAT and import tax it is cheaper to buy outside of Ireland so thanks for confirming that at least

I bought a house with money I made in New York,are you going to begrudge me that also?:P:P

seannash

mrbad wrote: »

A link.its from 3years ago.the insurance companies are since much more aggressive.

http://www.consumeractiongroup.co.uk/forum/showthread.php?259990-insurer-won-t-pay-for-lost-ring-please-help

Scroll down, a few people have flatly been refused.

Also this surfaced 6 yrs ago in Ireland

http://www.askaboutmoney.com/showthread.php?p=510098

Scroll down to the end,last two posts. The test case in the uk was mentioned.

Regards.

UK case and the whole second thread is about getting it valued and insured????????
So again this doesn't prove anything other than people who are renting have trouble getting insurance for it.I also had toruble having it insured under household contents but eventually got someone to insure it.

mrbad

seannash wrote: »

Ha ha ha ha ha are you serious?
I hope I never have to make a claim for the engagment ring but if I do I will have paid my high insurance premium for it for many years.

How come the insurance company didn't ask for proof of purchase when I took out the insurance?Whether you agree or not on how someone acquires there engagement ring is absolutely of no concern of yours.
The fact is your talking out of your ring and spreading false information.

I stimulated the US economy with my purchase and paid the taxes over there.
Your basically admitting that because of VAT and import tax it is cheaper to buy outside of Ireland so thanks for confirming that at least

I bought a house with money I made in New York,are you going to begrudge me that also?:P:P

Thanks for the email.
Please read the above links with the proof that the insurance companies are not paying out.

I think your very rude to tell me I am talking out of my ring.

Yes,it is cheaper to buy in the states.its no secret.but if u bring it in to Ireland you must pay vat and importation tax.

Pls note, u must declare all facts to insurance companies,if they find out you have lied after, they will,even though you've paid premiums,refuse to pay Up.

Again, pls read the links which prove this is happening. And if you are a nice person, you might even say sorry for being rude to me.
Here is the link again

http://www.consumeractiongroup.co.uk/forum/showthread.php?259990-insurer-won-t-pay-for-lost-ring-please-help

mrbad

seannash wrote: »

UK case and the whole second thread is about getting it valued and insured????????
So again this doesn't prove anything other than people who are renting have trouble getting insurance for it.I also had toruble having it insured under household contents but eventually got someone to insure it.

Hi Seannash.

Here is the first paragraph..

insurer won't pay for lost ring.
missy100 12:50 17th May 2010
Hi, i am very upset having lost my engagement ring . The loss adjuster has just visited me and said the only problem he can forsee is the ring not being insured as it was purchased in the USA in 2005 and we don't have proof of having declared it at customs upon bringing it into the UK. He says there is statute / case law on this, but couldn't give me the details and I have google searched to no avail.

Obviously Esure have accepted my premiums for this ring and have the valuation as proof of its existence and value, i have checked their policy and scrutinised their documentation but nowhere does it mention jewellery being bought abroad. I followed their procedure to the letter i.e. it is insured for accidental loss / damage and is a specified item on the policy.

Can anyone please help??

seannash

mrbad wrote: »

Thanks for the email.
Please read the above links with the proof that the insurance companies are not paying out.

I think your very rude to tell me I am talking out of my ring.

Yes,it is cheaper to buy in the states.its no secret.but if u bring it in to Ireland you must pay vat and importation tax.

Pls note, u must declare all facts to insurance companies,if they find out you have lied after, they will,even though you've paid premiums,refuse to pay Up.

Again, pls read the links which prove this is happening. And if you are a nice person, you might even say sorry for being rude to me.
Here is the link again

http://www.consumeractiongroup.co.uk/forum/showthread.php?259990-insurer-won-t-pay-for-lost-ring-please-help

Already replied,UK case and we dont know the outcome.
The other thread is basically people trying to get it valued and insured.

How am I lying if they never ask me where bought the ring??

Alas I'm a criminal and incapable of apologies

seannash

mrbad wrote: »

Hi Seannash.

Here is the first paragraph..

insurer won't pay for lost ring.
missy100 12:50 17th May 2010
Hi, i am very upset having lost my engagement ring . The loss adjuster has just visited me and said the only problem he can forsee is the ring not being insured as it was purchased in the USA in 2005 and we don't have proof of having declared it at customs upon bringing it into the UK. He says there is statute / case law on this, but couldn't give me the details and I have google searched to no avail.

Obviously Esure have accepted my premiums for this ring and have the valuation as proof of its existence and value, i have checked their policy and scrutinised their documentation but nowhere does it mention jewellery being bought abroad. I followed their procedure to the letter i.e. it is insured for accidental loss / damage and is a specified item on the policy.

Can anyone please help??

So what was he outcome?????

They say the only problem they can forsee,nothing else.

mrbad

seannash wrote: »

Already replied,UK case and we dont know the outcome.
The other thread is basically people trying to get it valued and insured.

How am I lying if they never ask me where bought the ring??

Alas I'm a criminal and incapable of apologies

Go google Seannash. They will not pay up for tax evaders.
My I ask, when you bought your ring in the states. Did you Pay importation tax. And also the vat?

Maybe someone else might like to Look at some of the links to clarify.

Sorry to be the bearer of this information that upsets you.
You where rude to say those things to me.
And your last sentence is a bit smart too. Bet you would be nice to me if you met me

seannash

mrbad wrote: »

Go google Seannash. They will not pay up for tax evaders.
My I ask, when you bought your ring in the states. Did you Pay importation tax. And also the vat?

Maybe someone else might like to Look at some of the links to clarify.

Sorry to be the bearer of this information that upsets you.
You where rude to say those things to me.
And your last sentence is a bit smart too. Bet you would be nice to me if you met me

Ah yeah I'm sure I would be terrified to tell someone there talking out there ring in real life


Why dont you tell me the outcome.
I'm not upset in the slightest, I'm 100% happy with my decision.

hfallada

mrbad wrote: »

Go google Seannash. They will not pay up for tax evaders.
My I ask, when you bought your ring in the states. Did you Pay importation tax. And also the vat?

Maybe someone else might like to Look at some of the links to clarify.

Sorry to be the bearer of this information that upsets you.
You where rude to say those things to me.
And your last sentence is a bit smart too. Bet you would be nice to me if you met me

How does one go about paying VAT and import duties on a ring purchased in the US? I serious doubt revenue could tell you that. Although its tax evasion in theory. Its not calculated and attempting to default the state of millions. A cigarettes smuggler get a suspended sentence. Whats does a person who wanted to get the best ring at a good price going to get? Nothing as Revenue has bigger fish to fry.

I cant see irish insurance companies looking to know why duty and VAT wasnt paid on the camera you brought in Dubai or why wasnt it paid on your macbook. As long as you can produce a decent valuation I imagine thats all they care about. I do work experience in a firm involved with insurance claims and wooden house burned to the ground. There was nothing but a pile of ashes and a few pieces of metals. They insurance company gave them the benefit of a doubt as nothing remained.

Jack Kyle

You just pay customs / duty / etc at the airport.

You know those customs dudes you see in the arrivals hall? You approach them voluntarily and pay up.

seannash

Jack Kyle wrote: »

You just pay customs / duty / etc at the airport.

You know those customs dudes you see in the arrivals hall? You approach them voluntarily and pay up.

Completely hypothetical but if the ring is given as a gift(she didn't pay) why do they have to pay Duty,how long do they need to be in the country where they bought it to be exempt