Your engagement ring along with your wedding ring are probably two of the most treasured pieces of jewelry in any collection. They tend to be the items most worn and the items of jewelry most likely to become damaged, simply by being on your hand. Engagement rings often feature one or more diamonds, often expensive diamonds, and are generally set in a precious metal like gold or platinum. The wedding ring is often designed to match the engagement ring – together, the replacement cost can be quite large, especially if you want an identical replacement.