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GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS

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GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS GIA DIAMONDS AND DIAMOND GRADING QUESTIONS WITH DETAILED VERIFIED ANSWERS

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Page | 1



GIA DIAMONDS AND DIAMOND GRADING
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
Large high-quality diamonds are: Ans: Graded much more thoroughly
than small, low quality ones.

The most consistent and dependable sources of diamond grades are:
Ans: Reputable, gemological, laboratories

Dealers often sort melee by size using: Ans: sieves

It is not practical to grade and expensive stones. Small diamonds are
often sorted by size, putting them through a series of sieves and then by
color.

A diamond grading system provides: Ans: A consistent way to
communicate Diamond quality.

A widely recognized diamond grading system enables people to compare
one diamond to another, and communicate out about diamonds in a
standardized, consistent way.

An estimation of value of an article is a: Ans: Appraisal

An appraisal is an estimation of value of an article. And jewelry appraisals
are commonly used to identify jewelry items, and establish values for
insurance replacement.

The Argyle Mine in Australia, contributed to: Ans: The rise of cutting
industry in India

The dramatic growth of India's dive, and cutting industry, was a direct
result of the high-level of production from the Argyle mine in Australia

Wholesale price lists are usually organized according to: Ans: Specific
combinations of the four Cs

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The wholesale prices on publish price list are usually based on specific
combination of the four Cs

The Diamond industry has has changed, dramatically and recent years
because: Ans: The world supply of diamond rough has increased,
making diamonds available to a wider consumer base

Diamond supreme, hardness, and durability are: Ans: A result of the
conditions on which it formed

Formation under specific temperature, temperature and pressure
conditions result in diamonds, supreme, harness, durability, and desirable
optical properties.

Diamond prices on wholesale price lists: Ans: Depends on the market
conditions that exist when the list are published.

Published wholesale price list are based on specific combination of the
four Cs and depend on the market conditions that exist when they are
published

Substantial price discounts are available to retailers and Jewelry
manufactures who: Ans: Can buy in large quantities.

Wholesalers usually sell goods in large quantities and their customers
who buy large quantities often get substantial discounts

Once Diamond deposits are located, mining companies: Ans: Must spend
additional time and money to evaluate and develop them.

Once a diamond deposit is located, it takes an enormous amount of time
and money to analyze and develop it.

A diamond clarity and color grades indicate its: Ans: Quality

A diamond grade indicates its quality, while a diamonds value is largely
determined by market factors.

Reputable Gem laboratories, don't grade mounted diamonds because:
Ans: Mounting high details of clarity and cut.

, Page | 3

Mountainside, clarity and cut details and mask color, which is why
reputable gem labs don't grade mounted diamonds.

A wholesaler is someone who: Ans: Sells to retailers

Wholesalers don't sell directly to consumers they sell to retailers

Before the discovery of South Africa is diamond deposit, the worlds two
major producers were India, and: Ans: Brazil

India was the world's major source of diamonds until Brazil became an
important source in the 1700s .

Who established de beers consolidated mines limited in 1888? Ans: Cecil
Rhodes

A soft diamond berry material near the surface of a diamond field was
named: Ans: Yellow ground

The soft, workable diamond, bearing material near the service of a
mining claim, was called yellow ground. The harder material beneath the
surface was called blue ground.

The south African diamond rush was sparked: Ans: The discovery of the
star of South Africa.

The discovery of the star of South Africa, 1869, and the publicity that
surrounded it, initiated the diamond Russian in South Africa.

Cecil Rhodes main competitor in his early attempts to control Diamond
production was: Ans: Barney Barnato

Barney Barnato was an entrepreneur who completed with Cecil Rhodes
for ownership of shares of the Kimberley mine

Oppenheimer's answered to low diamond demand in the 1930s was to:
Ans: Shut down operations of the deBeers Mines

Ernest Oppenheimer shut down the operation of the deBeers mines in
1932, because of low demand for diamonds during the great depression

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