We cover the replacement of your Lee Michaels Fine Jewelry diamond (up to two carats in weight), when lost from the original mounting due to normal wear and tear, provided (1) Lee Michaels professionals inspect your diamond every six months, (2) recommended repairs are performed at the customer’s expense, and (3) each inspection is recorded in the Diamond Inspection Log on the back of this certificate. This replacement guarantee continues for ten years after the date of purchase for the Center Stone Diamond, and for two (2) years after the date of purchase for accent diamonds. The mounting will be rhodium plated if needed at no charge for up to two years after the date of purchase.


Within thirty (30) days of your Lee Michaels Fine Jewelry store diamond purchase, you may return it to our jewelry store for any reason with proof of purchase and receive a full refund if presented in its original condition. Gift items can be exchanged or converted to a gift certificate credit.


Lee Michaels Fine Jewelry offers only quality diamonds purchased directly from the major cutting centers of the world. Selling for less begins with buying for less. Buying directly from the diamond cutters enables Lee Michaels to offer the greatest values available. If, at any time within thirty (30) days following the purchase of your Lee Michaels Fine Jewelry diamond, you are not completely satisfied that your diamond is the finest available at the price paid, simply return it in its original condition to any of our jewelry stores near you with proof of purchase for a full refund. Although our customers rarely use this service, it is our way of making sure you are absolutely pleased.


Lee Michaels Fine Jewelry store is an American Gem Society Jeweler. Membership in this exclusive organization is limited to independent fine jewelers who subscribe to the society’s strict guidelines regarding truth in advertising, disclosure of gemstone enhancement, the accuracy of gold karatage, and accuracy in diamond grading. Registered Jeweler, Certified Gemologist, and Certified Gemologist Appraiser are titles awarded to those few who successfully pass rigorous courses and testing in gemology. These titleholders are required to pass annual re-examinations to ensure these skills and knowledge are kept up to date.


Every Center Stone Diamond either has an independent grading report from a laboratory or has been evaluated by a Lee Michaels Certified Gemologist or Certified Gemologist Appraiser to determine color and clarity.


Lee Michaels purchases diamonds only from suppliers who affirm that the diamonds are from legitimate sources who are in full compliance with the United Nations Resolutions on conflict-free diamond trading.


Every Lee Michaels diamond purchased for more than $2,500 is accompanied by a written evaluation describing the item(s) and stating the color, clarity, and carat weight. We recommend that you obtain and maintain insurance covering loss, theft or damage to your purchased items. For insurance purposes, it is recommended that you have the valuation of your fine jewelry updated periodically. We offer complimentary evaluation updates every two years on every Lee Michaels diamond purchase over $2,500 when it is brought into the store for evaluation.


You may trade in your Lee Michaels Center Stone Diamond at any time for another Lee Michaels Center Stone Diamond, provided your Center Stone Diamond is in its original condition and your new selection is twice the retail value of the Center Stone Diamond to be traded. At the time of trade-in, Lee Michaels Fine Jewelry will evaluate your Lee Michaels Center Stone Diamond and offer you the current value or the original purchase price, whichever is greater, toward your new purchase. You may trade in your diamond at whatever Lee Michaels Fine Jewelry store is near you.


Your Lee Michaels diamond ring can be brought into any Lee Michaels store at any time for a complimentary cleaning and official inspection. If during the inspection, we determine that due to the condition of the mounting of the ring, additional work is necessary or advisable, a refurbishment fee may be charged.


The guarantees and your rights under this Ultimate Diamond Guarantee are non-transferable and only cover the purchaser for uninsured losses. The guarantees in this Ultimate Diamond Guarantee are limited to ten (10) years from the date of purchase (unless otherwise stated). This Ultimate Diamond Guarantee is limited to its specific terms and conditions and is subject to limitations set forth in the sales slip issued for your purchased item. No further warranties are implied and are hereby waived by the purchaser as far as the law will allow. In the event that your purchased item does not meet the guarantees in this Ultimate Diamond Guarantee, Lee Michaels Fine Jewelry store may, at its option, and as your sole remedy, either replace your purchase item with an item meeting such guarantees or refund your purchase price, upon your return of the purchased item in its original condition. Items that have been personalized or customized cannot be returned under our thirty (30) day return policy.

diamond trade up program at Lee Michaels
diamond trade up program at Lee Michaels
Want an Upgrade?
Here's an example of how it works: You purchased a pair of .75ctw diamond studs 2 years ago for $975. You now want a pair of 1.5ctw diamond studs for $2,695. We give you credit for $975, taking the .75ctw pair back. You owe the difference of $1,720. Visit us in stores or click below to Learn More.