GIA Diamond Grading final -2022-Betty, Questions and Correct Answers 2024, With Complete Verified Solution.
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GIA Diamond Grading
GIA Diamond Grading final -2022-Betty, Questions and Correct Answers 2024, With Complete Verified Solution.
Diamond grades are only part of the determination
of diamond _____ _____
diamond market value.
Large, high-quality diamonds are graded much more thoroughly
than small, low-quality ones...
GIA Diamond Grading final -2022-Betty,
Questions and Correct Answers 2024, With
Complete Verified Solution.
Diamond grades are only part of the determination
of diamond _____ _____
diamond market value.
Large, high-quality diamonds are graded much more thoroughly
than small, low-quality ones.
The huge financial costs involved in
locating, developing, and operating diamond mines are factors affecting diamond value.
Wholesale price lists are usually organized according to
specific combinations of the Four Cs.
Reputable gem laboratories don't grade mounted diamonds because
mountings hide details of clarity and cut.
Once diamond deposits are located, mining companies
must spend additional time and money to evaluate and develop them.
A wholesaler is someone who
sells to retailers.
The diamond industry has changed dramatically in recent years because
the world's supply of diamond rough has increased.
The most consistent and dependable sources of diamond grades are
reputable gemological laboratories.
Substantial price discounts are available to retailers and jewelry manufacturers
who
can buy in large quantities.
A diamond grading system provides
a consistent way to communicate diamond quality
A diamond's clarity and color grades indicate its
quality
An estimation of the value of an article is a(n)
appraisal
Diamond prices on wholesale price lists
depend on the market conditions that exist when the lists are published.
Dealers often sort melee by size using
sieves
Diamond's supreme hardness and durability are
a result of the conditions under which it formed.
Large, high-quality diamonds are
graded much more thoroughly than small, low-quality ones.
The Argyle mine in Australia contributed to
the rise of the cutting industry in India.
,Abundant South African diamond sources appeared in XXXX, just when diamond
demand broadened.
late 1800s
The diamond rush began with the discovery of the Star of South Africa in
in 1869.
Early South African diamond fields contained hundreds
of small, individually owned and operated claims.
XXXX wanted to stabilize diamond prices, so he started by trying to control
production
Cecil Rhodes
Cecil Rhodes established De Beers Consolidated Mines Ltd. in ____ to direct
mining operations
1888
Rough is sorted into categories based on _____, _____, _____, and _____.
size, shape, clarity, and color.
At a sight, the CSO presented
a customized selection of diamonds to each sightholder for acceptance.
XXXX brought dynamic changes to the global diamond market.
The early twenty-first century
Before the discovery of South Africa's diamond deposits, the world's two major
producers were India and
Brazil
In the diamond trade, the word "specials" refers to
diamond rough over 10.80 cts.
Cecil Rhodes' main competitor in his early attempts to control diamond
production was
Barney Barnato.
The soft, diamond-bearing material near the surface of a diamond field was
named
yellowground.
De Beers requires its sightholders to have an excellent reputation in the industry
and
the financial strength to make large purchase commitments
The group that united in 1890 to buy and sell all of the output of the major
diamond producers, including De Beers, was the
London Diamond Syndicate
The Central Selling Organisation was a
rough diamond distribution agency
Sightholders purchase diamond rough by
attending invitation-only trading events
The South African diamond rush was sparked by
the discovery of the Star of South Africa
Diamond sources started appearing in South Africa during the
1860s.
Oppenheimer's answer to low diamond demand in the 1930s was to
shut down operations at De Beers mines.
, De Beers Consolidated Mines Ltd. was named after
the owners of a farm where one of the first diamond rushes took place.
The Diamond Information Center and the Diamond Promotion Service were
created to
assist in diamond marketing efforts.
The path diamonds followed from mine to consumer was called the
diamond pipeline
· The XXX controlled diamond prices by buying and holding supplies until
demand increased.
CSO
A finished piece of diamond jewelry has much greater value than a rough
diamond crystal.
True
XXXXX allowed Argyle's small, lower-quality stones to be processed for the
jewelry market.
The low-wage Indian cutting industry
New diamond supplies combined with major _____ and
_____ events led De Beers to institute dramatic changes.
New diamond supplies combined with major political and economic events led De Beers
to institute dramatic changes.
XXX had to demonstrate the ability to sell diamonds and to add value to those
diamonds in some way.
SOC sightholders had to demonstrate the ability to sell diamonds and to add value to
those diamonds in some way.
XXX manufacturing industry makes it a major force in the new multi-channel
market.
India's diamond manufacturing industry
XXX showed an ability to sell a huge volume of diamonds without relying on the
"personal touch."
Electronic retailing showed an ability to sell a huge volume of diamonds without relying
on the "personal touch."
The future of the diamond market in manufacturing and consumption may be in
Asia, especially China and India.
De Beers became a privately owned company in
May 2001
Because the Australians believed the CSO's marketing favored large stones over
smaller ones, they
aggressively promoted jewelry set with their own tiny gems.
A bourse is a(n)
diamond buying and selling club
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-
market jewelry are mined in
Australia
By 2004, more than 90 percent of manufacturing for the diamond market was
done in
India.
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