An appraisal is an opinion as to the authenticity, quality, design and value of a peice of jewelry. Since it is an opinion, backed and supported by training, equipment and experience, it is important to understand there can be honest vaiations between competent appraisals. Most people commonly believe that the declared price evaluation is the most important aspect of an appraisal. THIS IS NOT TRUE! Actually, the most important part (and the most protective to the customer) is an explicit description of the jewelry item, accurately depicting the design, the metal, and the stones.