(Summary) GIA Diamonds & Diamond Grading Exam Questions
And Answers, Cmplete Solution| 298 Questions And Correct
Answers 2023
A diamond grading system provides
a consistent way to communicate diamond quality
A wholesaler is someone who
sells to retailers
Diamond prices on wholesale price lists
depend on the market conditions that exist when the lists are published
Large, high-quality diamonds are
graded much more thoroughly than small, low-quality ones
Diamond's supreme hardness and durability are
a result of the conditions under which it formed
Once diamond deposits are located, mining companies
must spend additional time and money to evaluate and develop them
An estimation of the value of an article is a(n)
appraisal
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's clarity and color grades indicate its
quality
Reputable gemological laboratories don't grade mounted diamonds because
mountings hide details of clarity and cut
Dealers often sort melee by size using
sieves
The diamond industry has changed dramatically in recent years because
the world's supply of diamond rough has increased
The Argyle mine in Australia contributed to
the rise of the cutting industry in India
Wholesale price lists are usually organized according to
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
Brazil
Diamond sources started appearing in South Africa during the
1860s
The Central Selling Organisation was a
rough diamond distribution agency
The South African diamond rush was sparked by
the discovery of the Star of South Africa
,The soft, diamond-bearing material near the surface of a diamond field was
named
yellowground
Cecil Rhodes' main competitor in his early attempts to control diamond
production was
Barney Barnato
Who established De Beers Consolidated Mines Ltd. in 1888?
Cecil Rhodes
De Beers Consolidated Mines Ltd. was named after
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
London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to
shut down operations at De Beers mines
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
Sightholders purchase diamond rough by
attending invitation-only trading events
De Beers requires its sightholders to have an excellent reputation in the industry
and
the financial strength to make large purchase commitments
In the diamond trade, the word "specials" refers to
diamond rough over 10.80 cts
Which diamond mine's huge production influenced the world market in the late
1980s?
Argyle
A commitment to reserve a portion of the resources derived from any country for
the economic development of that country is called
beneficiation
A city, region, or country with a large number of gemstone manufacturers is
called a
cutting center
One of the changes that resulted from De Beers' strategic review in 1999 was that
De Beers
changed the name of the CSO to the DTC
In 2000, De Beers altered its consumer advertising by
introducing the "Forevermark" logo
The diamond industry program designed to ensure that diamonds do not fund
civil conflict or terrorism is called
the Kimberley Process
Businesses that sell to consumers via television or computer are called
electronic retailers
, De Beers became a privately owned company in
May 2001
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-
market jewelry are mined in
Australia
The involvement of a business or industry in all aspects of its product's market is
called
vertical integration
By 2004, more than 90 percent of manufacturing for the diamond market was
done in
India
The program adopted by De Beers in 2007 to answer critics and resolve
shortcomings of its COS program is called
Supplier of Choice 2
In South Africa, a new mining charter that designates the people of the country as
the owners of its mineral resources is a result of
Black Economic Empowerment
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
How far beneath the earth's surface do diamonds form?
90 to 140 miles
The deep vertical formations through which diamonds traveled to the surface are
called
pipes
The first authenticated diamond discovered in South Africa is the
Eureka
Most of the world's kimberlite pipes
do not contain diamonds in profitable quantities
The correct conditions for diamond formation exist under
cratons
Scientists have found that diamonds form in two types of rocks, called
peridotite and eclogite
The large, stable parts of the earths' continental crust are called
cratons
Diamond and graphite are both made of
carbon
Diamond is hard and graphite is soft because of the difference in
the way their atoms fit together
The proper environment for diamond formation includes the right temperature,
pressure, and
the availability of carbon
Subduction occurs when
two of the earth's crustal plates collide
And Answers, Cmplete Solution| 298 Questions And Correct
Answers 2023
A diamond grading system provides
a consistent way to communicate diamond quality
A wholesaler is someone who
sells to retailers
Diamond prices on wholesale price lists
depend on the market conditions that exist when the lists are published
Large, high-quality diamonds are
graded much more thoroughly than small, low-quality ones
Diamond's supreme hardness and durability are
a result of the conditions under which it formed
Once diamond deposits are located, mining companies
must spend additional time and money to evaluate and develop them
An estimation of the value of an article is a(n)
appraisal
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's clarity and color grades indicate its
quality
Reputable gemological laboratories don't grade mounted diamonds because
mountings hide details of clarity and cut
Dealers often sort melee by size using
sieves
The diamond industry has changed dramatically in recent years because
the world's supply of diamond rough has increased
The Argyle mine in Australia contributed to
the rise of the cutting industry in India
Wholesale price lists are usually organized according to
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
Brazil
Diamond sources started appearing in South Africa during the
1860s
The Central Selling Organisation was a
rough diamond distribution agency
The South African diamond rush was sparked by
the discovery of the Star of South Africa
,The soft, diamond-bearing material near the surface of a diamond field was
named
yellowground
Cecil Rhodes' main competitor in his early attempts to control diamond
production was
Barney Barnato
Who established De Beers Consolidated Mines Ltd. in 1888?
Cecil Rhodes
De Beers Consolidated Mines Ltd. was named after
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
London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to
shut down operations at De Beers mines
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
Sightholders purchase diamond rough by
attending invitation-only trading events
De Beers requires its sightholders to have an excellent reputation in the industry
and
the financial strength to make large purchase commitments
In the diamond trade, the word "specials" refers to
diamond rough over 10.80 cts
Which diamond mine's huge production influenced the world market in the late
1980s?
Argyle
A commitment to reserve a portion of the resources derived from any country for
the economic development of that country is called
beneficiation
A city, region, or country with a large number of gemstone manufacturers is
called a
cutting center
One of the changes that resulted from De Beers' strategic review in 1999 was that
De Beers
changed the name of the CSO to the DTC
In 2000, De Beers altered its consumer advertising by
introducing the "Forevermark" logo
The diamond industry program designed to ensure that diamonds do not fund
civil conflict or terrorism is called
the Kimberley Process
Businesses that sell to consumers via television or computer are called
electronic retailers
, De Beers became a privately owned company in
May 2001
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-
market jewelry are mined in
Australia
The involvement of a business or industry in all aspects of its product's market is
called
vertical integration
By 2004, more than 90 percent of manufacturing for the diamond market was
done in
India
The program adopted by De Beers in 2007 to answer critics and resolve
shortcomings of its COS program is called
Supplier of Choice 2
In South Africa, a new mining charter that designates the people of the country as
the owners of its mineral resources is a result of
Black Economic Empowerment
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
How far beneath the earth's surface do diamonds form?
90 to 140 miles
The deep vertical formations through which diamonds traveled to the surface are
called
pipes
The first authenticated diamond discovered in South Africa is the
Eureka
Most of the world's kimberlite pipes
do not contain diamonds in profitable quantities
The correct conditions for diamond formation exist under
cratons
Scientists have found that diamonds form in two types of rocks, called
peridotite and eclogite
The large, stable parts of the earths' continental crust are called
cratons
Diamond and graphite are both made of
carbon
Diamond is hard and graphite is soft because of the difference in
the way their atoms fit together
The proper environment for diamond formation includes the right temperature,
pressure, and
the availability of carbon
Subduction occurs when
two of the earth's crustal plates collide
