What is an Appraisal?
A diamond appraisal is an assessment carried out by an individual entity which evaluates the approximate market replacement value of your diamond or diamond jewelry. The appraisal process results in a document reporting the entity's professional conclusions regarding your diamond's monetary value. In order to insure your diamond jewelry, you must provide any insurance company with an appraisal report.
How is an Appraisal Different from a Diamond Grading Report?
While every loose or set diamond that you buy from Zoara is accompanied by a GIA, AGS, EGL or IGI Diamond Grading Report, this document should not be confused with an appraisal. The Grading Report is a summary of the diamond's characteristics, whereas an appraisal assigns an actual monetary value to a diamond, for insurance and other purposes.