GIA Diamonds and Diamond Grading Final Exam Complete Verified
Solution 2024.
1. Significant price reductions are available for retailers and jewelry manufacturers who purchase
in bulk.
2. The diamond industry has undergone significant changes recently due to an increase in the
global supply of rough diamonds.
3. A diamond grading system provides a standardized way to communicate diamond quality.
4. Diamond's exceptional hardness and durability are the result of the conditions under which it
forms.
5. Wholesale price lists are typically organized according to specific combinations of the Four Cs.
An assessment of an article's value is called an appraisal.
6. The most reliable and consistent sources for diamond grades are reputable gemological
laboratories.
7. A diamond's clarity and color grades determine its quality.
8. After discovering diamond deposits, mining companies must invest additional time and money
to evaluate and develop them.
9. Large, high-quality diamonds undergo more thorough grading than small, low-quality ones.
10. Reputable gem laboratories do not grade mounted diamonds because mountings can obscure
details of clarity and cut.
11. A wholesaler sells to retailers.
12. Diamond prices on wholesale price lists depend on the market conditions at the time of
publication.
13. Dealers often sort melee by size using sieves.
14. The Argyle mine in Australia contributed to the rise of the cutting industry in India.
15. Sightholders purchase rough diamonds by attending invitation-only trading events.
16. Before the discovery of South Africa's diamond deposits, the world's two major producers were
India and Brazil.
17. Cecil Rhodes' main competitor in his early efforts to control diamond production was Barney
Barnato.
18. The group that united in 1890 to buy and sell all the output from major diamond producers,
including De Beers, was the London Diamond Syndicate.
19. Oppenheimer's response to low diamond demand in the 1930s was to shut down operations at
De Beers mines.
20. In the diamond trade, "specials" refers to rough diamonds over 10.80 carats. The Central Selling
Organization was a rough diamond distribution agency.
21. The South African diamond rush was triggered by the discovery of the Star of South Africa.
22. Diamond sources began appearing in South Africa during the 1860s.
23. The path diamonds followed from mine to consumer was called the diamond pipeline.
, 24. The Diamond Information Center and the Diamond Promotion Service were created to support
diamond marketing efforts.
25. The soft, diamond-bearing material near the surface of a diamond field was named
yellowground.
26. De Beers Consolidated Mines Ltd. was named after the owners of a farm where one of the first
diamond rushes occurred
1. Cecil Rhodes established De Beers Consolidated Mines Ltd. in 1888.
2. De Beers requires its sightholders to have an excellent industry reputation and the financial
strength to make large purchase commitments.
3. The Argyle mine's significant production influenced the world market in the late 1980s.
4. Australians believed the CSO's marketing favored large stones over smaller ones, so they
aggressively promoted jewelry set with their own tiny gems.
5. De Beers became a privately owned company in May 2001.
6. In South Africa, a new mining charter designates the people of the country as the owners of its
mineral resources, resulting from Black Economic Empowerment.
7. The commitment to reserve a portion of a country's resources for its economic development is
called beneficiation.
8. One change resulting from De Beers' strategic review in 1999 was the renaming of the CSO to
the DTC.
9. Large quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are
mined in Australia.
10. A bourse is a diamond buying and selling club.
11. A city, region, or country with a large number of gemstone manufacturers is called a cutting
center.
12. In 2000, De Beers introduced the "Forevermark" logo as part of its consumer advertising.
13. The Kimberley Process is a diamond industry program designed to ensure diamonds do not fund
civil conflict or terrorism.
14. Vertical integration is the involvement of a business or industry in all aspects of its product's
market.
15. By 2004, over 90 percent of diamond market manufacturing was done in India.
16. In 2007, De Beers introduced the Supplier of Choice 2 program to address critics and resolve
shortcomings of its SOC program.
17. Businesses that sell to consumers via television cable, phone line, or satellite are called
electronic retailers.
18. Most of the world's kimberlite pipes do not contain diamonds in profitable quantities.
19. The proper environment for diamond formation requires the right temperature, pressure, and
carbon availability.
20. Scientists have found diamonds form in two types of rocks, peridotite and eclogite.
21. Subduction occurs when two of the Earth's crustal plates collide.
Solution 2024.
1. Significant price reductions are available for retailers and jewelry manufacturers who purchase
in bulk.
2. The diamond industry has undergone significant changes recently due to an increase in the
global supply of rough diamonds.
3. A diamond grading system provides a standardized way to communicate diamond quality.
4. Diamond's exceptional hardness and durability are the result of the conditions under which it
forms.
5. Wholesale price lists are typically organized according to specific combinations of the Four Cs.
An assessment of an article's value is called an appraisal.
6. The most reliable and consistent sources for diamond grades are reputable gemological
laboratories.
7. A diamond's clarity and color grades determine its quality.
8. After discovering diamond deposits, mining companies must invest additional time and money
to evaluate and develop them.
9. Large, high-quality diamonds undergo more thorough grading than small, low-quality ones.
10. Reputable gem laboratories do not grade mounted diamonds because mountings can obscure
details of clarity and cut.
11. A wholesaler sells to retailers.
12. Diamond prices on wholesale price lists depend on the market conditions at the time of
publication.
13. Dealers often sort melee by size using sieves.
14. The Argyle mine in Australia contributed to the rise of the cutting industry in India.
15. Sightholders purchase rough diamonds by attending invitation-only trading events.
16. Before the discovery of South Africa's diamond deposits, the world's two major producers were
India and Brazil.
17. Cecil Rhodes' main competitor in his early efforts to control diamond production was Barney
Barnato.
18. The group that united in 1890 to buy and sell all the output from major diamond producers,
including De Beers, was the London Diamond Syndicate.
19. Oppenheimer's response to low diamond demand in the 1930s was to shut down operations at
De Beers mines.
20. In the diamond trade, "specials" refers to rough diamonds over 10.80 carats. The Central Selling
Organization was a rough diamond distribution agency.
21. The South African diamond rush was triggered by the discovery of the Star of South Africa.
22. Diamond sources began appearing in South Africa during the 1860s.
23. The path diamonds followed from mine to consumer was called the diamond pipeline.
, 24. The Diamond Information Center and the Diamond Promotion Service were created to support
diamond marketing efforts.
25. The soft, diamond-bearing material near the surface of a diamond field was named
yellowground.
26. De Beers Consolidated Mines Ltd. was named after the owners of a farm where one of the first
diamond rushes occurred
1. Cecil Rhodes established De Beers Consolidated Mines Ltd. in 1888.
2. De Beers requires its sightholders to have an excellent industry reputation and the financial
strength to make large purchase commitments.
3. The Argyle mine's significant production influenced the world market in the late 1980s.
4. Australians believed the CSO's marketing favored large stones over smaller ones, so they
aggressively promoted jewelry set with their own tiny gems.
5. De Beers became a privately owned company in May 2001.
6. In South Africa, a new mining charter designates the people of the country as the owners of its
mineral resources, resulting from Black Economic Empowerment.
7. The commitment to reserve a portion of a country's resources for its economic development is
called beneficiation.
8. One change resulting from De Beers' strategic review in 1999 was the renaming of the CSO to
the DTC.
9. Large quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are
mined in Australia.
10. A bourse is a diamond buying and selling club.
11. A city, region, or country with a large number of gemstone manufacturers is called a cutting
center.
12. In 2000, De Beers introduced the "Forevermark" logo as part of its consumer advertising.
13. The Kimberley Process is a diamond industry program designed to ensure diamonds do not fund
civil conflict or terrorism.
14. Vertical integration is the involvement of a business or industry in all aspects of its product's
market.
15. By 2004, over 90 percent of diamond market manufacturing was done in India.
16. In 2007, De Beers introduced the Supplier of Choice 2 program to address critics and resolve
shortcomings of its SOC program.
17. Businesses that sell to consumers via television cable, phone line, or satellite are called
electronic retailers.
18. Most of the world's kimberlite pipes do not contain diamonds in profitable quantities.
19. The proper environment for diamond formation requires the right temperature, pressure, and
carbon availability.
20. Scientists have found diamonds form in two types of rocks, peridotite and eclogite.
21. Subduction occurs when two of the Earth's crustal plates collide.
