GIA Diamonds & Diamond Grading UPDATED Exam Questions and CORRECT Answers
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GIA Diamonds & Diamond Grading
Institution
GIA Diamonds & Diamond Grading
GIA Diamonds & Diamond Grading
UPDATED Exam Questions and
CORRECT Answers
A diamond grading system provides - Correct Answer- a consistent way to communicate
diamond quality
A wholesaler is someone who - Correct Answer- sells to retailers
Diamond prices on wholesale price lists - Correct An...
GIA Diamonds & Diamond Grading
UPDATED Exam Questions and
CORRECT Answers
A diamond grading system provides - Correct Answer- a consistent way to communicate
diamond quality
A wholesaler is someone who - Correct Answer- sells to retailers
Diamond prices on wholesale price lists - Correct Answer- depend on the market conditions
that exist when the lists are published
Large, high-quality diamonds are - Correct Answer- graded much more thoroughly than
small, low-quality ones
Diamond's supreme hardness and durability are - Correct Answer- a result of the conditions
under which it formed
Once diamond deposits are located, mining companies - Correct Answer- must spend
additional time and money to evaluate and develop them
An estimation of the value of an article is a(n) - Correct Answer- appraisal
The most consistent and dependable sources of diamond grades are - Correct Answer-
reputable gemological laboratories
Substantial price discounts are available to retailers and jewelry manufacturers who - Correct
Answer- can buy in large quantities
A diamond's clarity and color grades indicate its - Correct Answer- quality
,Reputable gemological laboratories don't grade mounted diamonds because - Correct
Answer- mountings hide details of clarity and cut
Dealers often sort melee by size using - Correct Answer- sieves
The diamond industry has changed dramatically in recent years because - Correct Answer-
the world's supply of diamond rough has increased
The Argyle mine in Australia contributed to - Correct Answer- the rise of the cutting industry
in India
Wholesale price lists are usually organized according to - Correct Answer- specific
combinations of the Four C's
Before the discovery of South Africa's diamond deposits, the world's two major producers
were India and - Correct Answer- Brazil
Diamond sources started appearing in South Africa during the - Correct Answer- 1860s
The Central Selling Organisation was a - Correct Answer- rough diamond distribution agency
The South African diamond rush was sparked by - Correct Answer- the discovery of the Star
of South Africa
The soft, diamond-bearing material near the surface of a diamond field was named - Correct
Answer- yellowground
Cecil Rhodes' main competitor in his early attempts to control diamond production was -
Correct Answer- Barney Barnato
Who established De Beers Consolidated Mines Ltd. in 1888? - Correct Answer- Cecil Rhodes
De Beers Consolidated Mines Ltd. was named after - Correct Answer- the owners of a farm
where one of the first diamond rushes took place
, The group that united in 1890 to buy and sell all of the output of the major diamond
producers, including De Beers, was the - Correct Answer- London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to - Correct Answer- shut
down operations at De Beers mines
The Diamond Information Center and the Diamond Promotion Service were created to -
Correct Answer- assist in diamond marketing efforts
The path diamonds followed from mine to consumer was called the - Correct Answer-
diamond pipeline
De Beers requires its sightholders to have an excellent reputation in the industry and - Correct
Answer- the financial strength to make large purchase commitments
In the diamond trade, the word "specials" refers to - Correct Answer- diamond rough over
10.80 cts
Which diamond mine's huge production influenced the world market in the late 1980s? -
Correct Answer- Argyle
A commitment to reserve a portion of the resources derived from any country for the
economic development of that country is called - Correct Answer- beneficiation
A city, region, or country with a large number of gemstone manufacturers is called a - Correct
Answer- cutting center
One of the changes that resulted from De Beers' strategic review in 1999 was that De Beers -
Correct Answer- changed the name of the CSO to the DTC
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