Gem Report Types
Gemological Lab Report Types
The main type of Specification Appraisal or Gemological Lab Report we come across is the Valuation for Insurance. This is the one you would normally receive from your local Diamond Merchant or Gemologist.
It is basically designed to cover you (through your insurance policy) against any loss or damage you may encounter.
The question is - Will it be enough…
What Types Are There?
It is designed to provide you, wherever possible, as near a REPLACEMENT OF A SIMILAR ARTICLE as possible.
It will include any taxes or duty plus the Gem Trade mark up.
What are the other Gem Lab Appraisals or Valuations?
- Valuation for ‘Private’ Sale
- Valuation for an ‘Auction’ reserve
- Valuation for Probate
- Valuation for Division of an Estate (under conditions of a Will, for example)
Each of these types are a percentage of the ‘Master Valuation’ figure or Replacement for Insurance mentioned here.
The Master Valuation Appraisal
These are all covered briefly regarding their structure and use, but remember, ALL of these valuations are just by-products of the Valuation Appraisals for Insurance principles and procedures.
Therefore, with a little common sense and a child’s school calculator, we can arrive at a final figure for any of the above situations. After all - they need the SAME information to begin with.
Our Online Gemological Lab Report can help in the majority of these cases, and you don’t even need a Child’s School Calculator to complete it.
Because it’s all built into the Software…!
Tags: Valuations
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