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GIA Diamond and Diamond Grading Assignment 2 Exam Questions and Answers

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Where are the majority of rough diamonds cut and polished? A. Surat, India B. Tel Aviv, Israel C. Antwerp, Belgium D. New York, United States - Answer-A. Surat, India What is an upstream segment of the diamond value chain? A. Cutting and polishing B. Jewelry manufacturing C. Sorting and distribution D. Faceted diamond trading - Answer-C. Sorting and distribution What business plan describes operation in multiple segments? A. Diamond pipeline B. Vertical integration C. Multi-channel market D. Single-channel market - Answer-B. Vertical integration What led to De Beers's control of the diamond trade? A. Great Depression B. Strong global campaigns C. Limited Russian production D. Death of Ernest Oppenheimer - Answer-B. Strong global campaigns What describes large-scale mining companies that lead the industry? A. Chiefs B. Majors C. Principals D. Dry diggers - Answer-B. Majors What group formed in the late 1800s to buy and sell all diamond production? A. Diamond Trading Company B. London Diamond Syndicate C. Antwerp Diamond Association D. De Beers Consolidated Mines Ltd. - Answer-B. London Diamond Syndicate Who took control of all claims in the De Beers and Kimberley mines? A. Cecil Rhodes B. Lawrence Graff

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GIA Diamond and Diamond Grading
Assignment 2 Exam Questions and
Answers
Where are the majority of rough diamonds cut and polished?
A. Surat, India
B. Tel Aviv, Israel
C. Antwerp, Belgium
D. New York, United States - Answer-A. Surat, India

What is an upstream segment of the diamond value chain?
A. Cutting and polishing
B. Jewelry manufacturing
C. Sorting and distribution
D. Faceted diamond trading - Answer-C. Sorting and distribution

What business plan describes operation in multiple segments?
A. Diamond pipeline
B. Vertical integration
C. Multi-channel market
D. Single-channel market - Answer-B. Vertical integration

What led to De Beers's control of the diamond trade?
A. Great Depression
B. Strong global campaigns
C. Limited Russian production
D. Death of Ernest Oppenheimer - Answer-B. Strong global campaigns

What describes large-scale mining companies that lead the industry?
A. Chiefs
B. Majors
C. Principals
D. Dry diggers - Answer-B. Majors

What group formed in the late 1800s to buy and sell all diamond production?
A. Diamond Trading Company
B. London Diamond Syndicate
C. Antwerp Diamond Association
D. De Beers Consolidated Mines Ltd. - Answer-B. London Diamond Syndicate

Who took control of all claims in the De Beers and Kimberley mines?
A. Cecil Rhodes
B. Lawrence Graff

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