GIA Diamonds and Diamond Grading Final Exam Questions With Correct Answers
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Course
GIA Diamond
Institution
GIA Diamond
GIA Diamonds and Diamond Grading
Final Exam Questions With Correct
Answers
Substantial price discounts are available to retailers and jewelry manufacturers who -
answercan buy in large quantities.
The diamond industry has changed dramatically in recent years because - answerthe world's
supply...
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.
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.
By 2004, more than 90 percent of manufacturing for the diamond market was done in -
answer✔✔India
The program adopted by De Beers in 2007 to answer critics and resolve shortcomings of its SOC
program is called - answer✔✔Supplier of Choice 2.
Businesses that sell to consumers via television cable, phone line, or satellite are called -
answer✔✔electronic retailers.
Most of the world's kimberlite pipes - answer✔✔do not contain diamonds in profitable
quantities.
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