DIAMONDS & DIAMOND GRADING 3
TEST / TERMS EXAM QUESTIONS AND
ANSWERS
Which diamond mine's huge production influenced the world market in the late 1980s? -
Answer-Argyle
A commitment to reserve a portion of the resources derived from any country for the
economic development of that country is called - Answer-Benefaction
A city, region, or country with a large number of gemstone manufacturers is called a -
Answer-Cutting center
One of the changes that resulted from De Beer's strategic review in 1999 was that De
Beers - Answer-Changed the name of the CSO to the DTC
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
Businesses that sell to consumers via television cable, phone line, or satellite are called
- Answer-Electronic retailers
De Beers became a privately owned company in - Answer-May 2001
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market
jewelry are mined in - Answer-Australia
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% 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
In South Africa, a new mining charter that designated the people of the country as the
owners of its mineral resources is a result of - Answer-Black Economic Empowerment
TEST / TERMS EXAM QUESTIONS AND
ANSWERS
Which diamond mine's huge production influenced the world market in the late 1980s? -
Answer-Argyle
A commitment to reserve a portion of the resources derived from any country for the
economic development of that country is called - Answer-Benefaction
A city, region, or country with a large number of gemstone manufacturers is called a -
Answer-Cutting center
One of the changes that resulted from De Beer's strategic review in 1999 was that De
Beers - Answer-Changed the name of the CSO to the DTC
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
Businesses that sell to consumers via television cable, phone line, or satellite are called
- Answer-Electronic retailers
De Beers became a privately owned company in - Answer-May 2001
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market
jewelry are mined in - Answer-Australia
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% 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
In South Africa, a new mining charter that designated the people of the country as the
owners of its mineral resources is a result of - Answer-Black Economic Empowerment
