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What is the difference between a grading report and a jewellery appraisal?

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What is the difference between a grading report and a jewellery appraisal?

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• A gem grading report, also called an identification report, describes the gemmological information of the gemstone A grading report does not list the value of the gem or item of jewellery A grading report does not list the ownership of the gem or item of jewellery An appraisal evaluates the gemstone or item of jewellery and determines the insurance or market value thereof An appraisal and grading report are often used jointly, where the appraisal determines the value described in the grading report

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