GIA DIAMONDS AND DIAMOND GRADING
FINAL EXAM QUESTIONS AND VERIFIED
ANSWERS | 2024 UPDATE
Substantial price discounts are available to retailers and jewelry
manufacturers who - ✔✔✔ ANSWER can buy in large quantities.
The diamond industry has changed dramatically in recent years because
- ✔✔✔ ANSWER the world's supply of diamond rough has increased.
A diamond grading system provides - ✔✔✔ ANSWER a consistent way
to communicate diamond quality.
Diamond's supreme hardness and durability are - ✔✔✔ ANSWER a
result of the conditions under which it formed.
Wholesale price lists are usually organized according to - ✔✔✔
ANSWER specific combinations of the Four Cs.
An estimation of the value of an article is a(n) - ✔✔✔ ANSWER
appraisal
The most consistent and dependable sources of diamond grades are -
✔✔✔ ANSWER reputable gemological laboratories.
A diamond's clarity and color grades indicate its - ✔✔✔ ANSWER
quality
Once diamond deposits are located, mining companies - ✔✔✔
ANSWER must spend additional time and money to evaluate and
develop them.
Large, high-quality diamonds are - ✔✔✔ ANSWER graded much more
thoroughly than small, low-quality ones.
,Reputable gem laboratories don't grade mounted diamonds because -
✔✔✔ ANSWER mountings hide details of clarity and cut.
A wholesaler is someone who - ✔✔✔ ANSWER sells to retailers
Diamond prices on wholesale price lists - ✔✔✔ ANSWER depend on the
market conditions that exist when the lists are published.
Dealers often sort melee by size using - ✔✔✔ ANSWER sieves
The Argyle mine in Australia contributed to - ✔✔✔ ANSWER the rise of
the cutting industry in India.
Sightholders purchase diamond rough by - ✔✔✔ ANSWER attending
invitation-only trading events.
Before the discovery of South Africa's diamond deposits, the world's
two major producers were India and - ✔✔✔ ANSWER Brazil
Cecil Rhodes' main competitor in his early attempts to control diamond
production was - ✔✔✔ ANSWER Barney Barnato
The group that united in 1890 to buy and sell all of the output of the
major diamond producers, including De Beers, was the - ✔✔✔ ANSWER
London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to -
✔✔✔ ANSWER shut down operations at De Beers mines.
In the diamond trade, the word "specials" refers to - ✔✔✔ ANSWER
diamond rough over 10.80 cts.
The Central Selling Organisation was a - ✔✔✔ ANSWER rough diamond
distribution agency.
, The South African diamond rush was sparked by - ✔✔✔ ANSWER the
discovery of the Star of South Africa.
Diamond sources started appearing in South Africa during the - ✔✔✔
ANSWER 1860's
The path diamonds followed from mine to consumer was called the -
✔✔✔ ANSWER diamond pipeline.
The Diamond Information Center and the Diamond Promotion Service
were created to - ✔✔✔ ANSWER assist in diamond marketing efforts.
The soft, diamond-bearing material near the surface of a diamond field
was named - ✔✔✔ ANSWER yellowground.
De Beers Consolidated Mines Ltd. was named after - ✔✔✔ ANSWER
the owners of a farm where one of the first diamond rushes took place.
Who established De Beers Consolidated Mines Ltd. in 1888? - ✔✔✔
ANSWER Cecil Rhodes
De Beers requires its sightholders to have an excellent reputation in the
industry and - ✔✔✔ ANSWER the financial strength to make large
purchase commitments.
Which diamond mine's huge production influenced the world market in
the late 1980s? - ✔✔✔ ANSWER Argyle
Because the Australians believed the CSO's marketing favored large
stones over smaller ones, they - ✔✔✔ ANSWER aggressively promoted
jewelry set with their own tiny gems.
De Beers became a privately owned company in - ✔✔✔ ANSWER May
2001
FINAL EXAM QUESTIONS AND VERIFIED
ANSWERS | 2024 UPDATE
Substantial price discounts are available to retailers and jewelry
manufacturers who - ✔✔✔ ANSWER can buy in large quantities.
The diamond industry has changed dramatically in recent years because
- ✔✔✔ ANSWER the world's supply of diamond rough has increased.
A diamond grading system provides - ✔✔✔ ANSWER a consistent way
to communicate diamond quality.
Diamond's supreme hardness and durability are - ✔✔✔ ANSWER a
result of the conditions under which it formed.
Wholesale price lists are usually organized according to - ✔✔✔
ANSWER specific combinations of the Four Cs.
An estimation of the value of an article is a(n) - ✔✔✔ ANSWER
appraisal
The most consistent and dependable sources of diamond grades are -
✔✔✔ ANSWER reputable gemological laboratories.
A diamond's clarity and color grades indicate its - ✔✔✔ ANSWER
quality
Once diamond deposits are located, mining companies - ✔✔✔
ANSWER must spend additional time and money to evaluate and
develop them.
Large, high-quality diamonds are - ✔✔✔ ANSWER graded much more
thoroughly than small, low-quality ones.
,Reputable gem laboratories don't grade mounted diamonds because -
✔✔✔ ANSWER mountings hide details of clarity and cut.
A wholesaler is someone who - ✔✔✔ ANSWER sells to retailers
Diamond prices on wholesale price lists - ✔✔✔ ANSWER depend on the
market conditions that exist when the lists are published.
Dealers often sort melee by size using - ✔✔✔ ANSWER sieves
The Argyle mine in Australia contributed to - ✔✔✔ ANSWER the rise of
the cutting industry in India.
Sightholders purchase diamond rough by - ✔✔✔ ANSWER attending
invitation-only trading events.
Before the discovery of South Africa's diamond deposits, the world's
two major producers were India and - ✔✔✔ ANSWER Brazil
Cecil Rhodes' main competitor in his early attempts to control diamond
production was - ✔✔✔ ANSWER Barney Barnato
The group that united in 1890 to buy and sell all of the output of the
major diamond producers, including De Beers, was the - ✔✔✔ ANSWER
London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to -
✔✔✔ ANSWER shut down operations at De Beers mines.
In the diamond trade, the word "specials" refers to - ✔✔✔ ANSWER
diamond rough over 10.80 cts.
The Central Selling Organisation was a - ✔✔✔ ANSWER rough diamond
distribution agency.
, The South African diamond rush was sparked by - ✔✔✔ ANSWER the
discovery of the Star of South Africa.
Diamond sources started appearing in South Africa during the - ✔✔✔
ANSWER 1860's
The path diamonds followed from mine to consumer was called the -
✔✔✔ ANSWER diamond pipeline.
The Diamond Information Center and the Diamond Promotion Service
were created to - ✔✔✔ ANSWER assist in diamond marketing efforts.
The soft, diamond-bearing material near the surface of a diamond field
was named - ✔✔✔ ANSWER yellowground.
De Beers Consolidated Mines Ltd. was named after - ✔✔✔ ANSWER
the owners of a farm where one of the first diamond rushes took place.
Who established De Beers Consolidated Mines Ltd. in 1888? - ✔✔✔
ANSWER Cecil Rhodes
De Beers requires its sightholders to have an excellent reputation in the
industry and - ✔✔✔ ANSWER the financial strength to make large
purchase commitments.
Which diamond mine's huge production influenced the world market in
the late 1980s? - ✔✔✔ ANSWER Argyle
Because the Australians believed the CSO's marketing favored large
stones over smaller ones, they - ✔✔✔ ANSWER aggressively promoted
jewelry set with their own tiny gems.
De Beers became a privately owned company in - ✔✔✔ ANSWER May
2001
