GIA DIAMONDS AND DIAMOND
GRADING FINAL QUESTIONS WITH
VERIFIED ANSWERS (LATEST
UPDATE DIAMOND TEST)
/. 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
/.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 - Answer-✅Black Economic
Empowerment.
/.A commitment to reserve a portion of the resources derived from any country for the
economic development of that country is called - Answer-✅beneficiation
/.One of the changes that resulted from De Beers' strategic review in 1999 was that De
Beers - Answer-✅changed the name of the CSO to the DTC.
/.Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market
jewelry are mined in - Answer-✅Australia
/.A bourse is a(n) - Answer-✅diamond buying and selling club.
/.A city, region, or country with a large number of gemstone manufacturers is called a -
Answer-✅Cutting Center
/.In 2000, De Beers altered its consumer advertising by - Answer-✅introducing the
"Forevermark" logo.
/.The diamond industry program designed to ensure that diamonds do not fund civil
conflict or terrorism is called - Answer-✅The kimberley process
/.The involvement of a business or industry in all aspects of its product's market is called
- Answer-✅vertical integration.
GRADING FINAL QUESTIONS WITH
VERIFIED ANSWERS (LATEST
UPDATE DIAMOND TEST)
/. 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
/.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 - Answer-✅Black Economic
Empowerment.
/.A commitment to reserve a portion of the resources derived from any country for the
economic development of that country is called - Answer-✅beneficiation
/.One of the changes that resulted from De Beers' strategic review in 1999 was that De
Beers - Answer-✅changed the name of the CSO to the DTC.
/.Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market
jewelry are mined in - Answer-✅Australia
/.A bourse is a(n) - Answer-✅diamond buying and selling club.
/.A city, region, or country with a large number of gemstone manufacturers is called a -
Answer-✅Cutting Center
/.In 2000, De Beers altered its consumer advertising by - Answer-✅introducing the
"Forevermark" logo.
/.The diamond industry program designed to ensure that diamonds do not fund civil
conflict or terrorism is called - Answer-✅The kimberley process
/.The involvement of a business or industry in all aspects of its product's market is called
- Answer-✅vertical integration.
