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What is the difference between a laboratory report and an appraisal?

April 26, 2017appraisal difference laboratory report

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What is the difference between a laboratory report and an appraisal?

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A laboratory report is used entirely for identification and grading of a particular gemstone or diamond. This type of report is for grading and identifying purposes only. An appraisal evaluates the gemstone or diamond and determines the value in the appropriate market. The two are often used together as the appraisal uses the report to translate the quality into a value.