A customer came in the other day telling me that after shopping at a "mall store", they were told that the standard warranty on the mall store rings was 60 days, and if a longer warranty was desired, it would be an extra fee. I was shocked.
At my store, you get a FREE 1 year warranty on all new rings, whether they cost $20.00 or $200,000. Please do not pay extra for extended warranties anywhere, they are a waste of your money. They are a great money maker for the company selling them.