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What is the differance between a Lab Report and an Appraisal?

April 26, 2017appraisal differance lab report

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What is the differance between a Lab Report and an Appraisal?

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An appraisal is a description of jewelry or other item (artwork, rug, antique, auto) by a professional who will place a value for the purpose of insurance, probate, or a legal matter. Quite often the appraisal it written by the seller of the item and the value listed is always inflated usually exceeding the purchase price by as much as four times it’s true value.