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A diamond appraisal is a professional evaluation of a diamond’s quality, characteristics, and market value. Trained gemologists assess factors like the diamond’s carat weight, color, clarity, and cut. These assessments are crucial for determining a diamond’s worth and for purposes such as insurance coverage, resale, or estate planning. Appraisals are typically conducted by certified gemologists or experienced appraisers and result in a formal document specifying the diamond’s attributes and estimated monetary value based on current market conditions. This information assists individuals and businesses in making informed decisions when buying, selling, insuring, or valuing their diamonds.