GIA Final Exam Spring 2023 with complete solution
Diamond grades provide...
a standardized way of communicating and comparing diamond quality
Diamond grades help in determining...
diamond market value
______ of diamonds depend on the market conditions that exist when the lists are
published
the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small,
low quality ones?
TRUE
A diamonds specific formation conditions are directly responsible for it's
________
it's hardness and durability.
T/F: the unqiue physical properties of gem-quality diamonds allow them to
survive environmental forces better than any other gemstone
TRUE
what are some of the financial costs that affect diamond value?
locating, developing and operating diamond mines
Define: Appraisal
an estimation of the value of an article, usually for insurance purposes
Define: Wholesaler
someone who sells to retailers rather than directly to consumers
A diamond grading system provides...
a consistent way to communicate diamond quality
A wholesaler is someone who...
sells to retailers.
Diamond prices on wholesale prices 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...
Diamond grades provide...
a standardized way of communicating and comparing diamond quality
Diamond grades help in determining...
diamond market value
______ of diamonds depend on the market conditions that exist when the lists are
published
the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small,
low quality ones?
TRUE
A diamonds specific formation conditions are directly responsible for it's
________
it's hardness and durability.
T/F: the unqiue physical properties of gem-quality diamonds allow them to
survive environmental forces better than any other gemstone
TRUE
what are some of the financial costs that affect diamond value?
locating, developing and operating diamond mines
Define: Appraisal
an estimation of the value of an article, usually for insurance purposes
Define: Wholesaler
someone who sells to retailers rather than directly to consumers
A diamond grading system provides...
a consistent way to communicate diamond quality
A wholesaler is someone who...
sells to retailers.
Diamond prices on wholesale prices 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...
