An appraisal is a written document with a detailed description of an article of finished jewelry or loose, precious gemstones, diamonds or pearls. Attributes such as carat weight, physical dimensions in millimeter sizes, color, enhancements (if any), inclusions and blemishes are all described for the purchaser. Often a picture is included for identification purposes. Appraisals are useful in determining the value to assign an item when insuring it against loss, theft or damage.
See Also: GIA, Grading Report