GIA DIAMOND ESSENTIALS EXAMPREP
SOLVED QUESTIONS WITH DETAILED
ANSWERS FULL SOLUTION VIEW
●● 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
SOLVED QUESTIONS WITH DETAILED
ANSWERS FULL SOLUTION VIEW
●● 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
