©BRIGHTSTARS EXAM SOLUTIONS
11/14/2024 12:19 PM
Diamonds and Diamond Grading Final Exam
Questions With Verified Answers
A loupe used for clarity grading must be corrected for chromatic and - answer✔Spherical
distortion
Large, high-quality diamonds are... - answer✔Graded much more thoroughly than small, low-
quality ones
Once diamond deposits are located, mining companies... - answer✔Must spend additional time
and money to evaluate and develop them
Reputable gem labs don't grade mounted diamonds because... - answer✔Mountings hide
details of clarity and cut
Diamond prices on wholesale price lists... - answer✔Depend on the market conditions that exist
when the lists are published
Substantial price discounts are available to retailers and jewelry manufacturers who... -
answer✔Can buy in large quantities
The diamond industry has changed dramatically in recent years because... - answer✔The
world's supply of diamond rough has increased
Wholesale price lists are usually organized according to - answer✔Specific combos of the 4 Cs
The most consistent and dependable sources of diamond grades are... - answer✔Reputable
gemological labs
A diamond grading system provides... - answer✔A consistent way to communicate diamond
quality
An estimation of the vaule of an article is a(n)... - answer✔Appraisal
A wholesaler is someone who... - answer✔Sells to retailers
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/14/2024 12:19 PM
A diamond's clarity and color grades indicate its... - answer✔Quality
Dealers often sort melee by size using... - answer✔Sieves
The Argyle mine in Australia contributed to... - answer✔Caused dramatic growth in India's
diamond cutting industry
Diamond's supreme hardness and durability are... - answer✔A result of the conditions under
which it formed
The South African diamond rush was sparked by - answer✔The discovery of the Star of South
Africa
Oppenheimer's answer to low diamond demand in the 1930s was to - answer✔Shut down
operations at De Beers mines
Cecil Rhodes' main competitor in his early attempts to control diamond production was -
answer✔Barney Barnato
The diamond information center and the diamond promotion service were created to -
answer✔Assist in diamond marketing efforts
The path diamonds followed from mine to consumer was called the - answer✔Diamond
pipeline
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
Diamond sources started appearing in South Africa during the - answer✔1860s
De Beers Consolidated Mine 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 18888 - answer✔Cecil Rhodes
The central selling organization was a - answer✔Rough diamond distribution agency
De Beers requires its sightholders to have an excellent reputation in the industry and -
answer✔The financial strength to make large purchase commitments
The soft, diamond-bearing material near the surface of a diamond field was named -
answer✔Yellowground
2|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/14/2024 12:19 PM
Before the discovery of South Afirca's diamond deposits, the world's two major producers were
India and - answer✔Brazil
Sightholders purchase diamond rough by - answer✔Attending invitation-only trading events
In the diamond trade, the word "specials" refers to - answer✔Diamond rough over 10.80 ct.
A bourse is a(n) - answer✔Diamond buying and selling club
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are
mined in - answer✔Australia
By 2004, more than 90% of manufacturing for the diamond market was done in - answer✔India
A commitment to reserve a portion of the resources derived from any country for the economic
development of that country is called - answer✔Beneficiation
Businesses that sell to consumers via television cable, phone line, or satellite are called -
answer✔Electronic retailers
A city region or country with a large number of gemstone manufacturers is called a -
answer✔Cutting center
In 2000, De Beers altered is consumer advertising by - answer✔Introducing the "Forevermark"
Logo
Which diamond mine's huge production influenced the world market in the late 1980s -
answer✔Argyle
The diamond industry program designed to ensure that diamonds do not fund civil conflict or
terrorism is called - answer✔The Kimberley Process
In South Africa, a new mining charter that designates the peopke of the country as the owners
of its mineral resources is a result of - answer✔Black Economic Empowerment
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
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
Because the Australians believed the CSO's marketing favored large stones over smaller ones,
they - answer✔Aggressively promoted jewelry set with their own tiny gems
3|Page
11/14/2024 12:19 PM
Diamonds and Diamond Grading Final Exam
Questions With Verified Answers
A loupe used for clarity grading must be corrected for chromatic and - answer✔Spherical
distortion
Large, high-quality diamonds are... - answer✔Graded much more thoroughly than small, low-
quality ones
Once diamond deposits are located, mining companies... - answer✔Must spend additional time
and money to evaluate and develop them
Reputable gem labs don't grade mounted diamonds because... - answer✔Mountings hide
details of clarity and cut
Diamond prices on wholesale price lists... - answer✔Depend on the market conditions that exist
when the lists are published
Substantial price discounts are available to retailers and jewelry manufacturers who... -
answer✔Can buy in large quantities
The diamond industry has changed dramatically in recent years because... - answer✔The
world's supply of diamond rough has increased
Wholesale price lists are usually organized according to - answer✔Specific combos of the 4 Cs
The most consistent and dependable sources of diamond grades are... - answer✔Reputable
gemological labs
A diamond grading system provides... - answer✔A consistent way to communicate diamond
quality
An estimation of the vaule of an article is a(n)... - answer✔Appraisal
A wholesaler is someone who... - answer✔Sells to retailers
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/14/2024 12:19 PM
A diamond's clarity and color grades indicate its... - answer✔Quality
Dealers often sort melee by size using... - answer✔Sieves
The Argyle mine in Australia contributed to... - answer✔Caused dramatic growth in India's
diamond cutting industry
Diamond's supreme hardness and durability are... - answer✔A result of the conditions under
which it formed
The South African diamond rush was sparked by - answer✔The discovery of the Star of South
Africa
Oppenheimer's answer to low diamond demand in the 1930s was to - answer✔Shut down
operations at De Beers mines
Cecil Rhodes' main competitor in his early attempts to control diamond production was -
answer✔Barney Barnato
The diamond information center and the diamond promotion service were created to -
answer✔Assist in diamond marketing efforts
The path diamonds followed from mine to consumer was called the - answer✔Diamond
pipeline
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
Diamond sources started appearing in South Africa during the - answer✔1860s
De Beers Consolidated Mine 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 18888 - answer✔Cecil Rhodes
The central selling organization was a - answer✔Rough diamond distribution agency
De Beers requires its sightholders to have an excellent reputation in the industry and -
answer✔The financial strength to make large purchase commitments
The soft, diamond-bearing material near the surface of a diamond field was named -
answer✔Yellowground
2|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/14/2024 12:19 PM
Before the discovery of South Afirca's diamond deposits, the world's two major producers were
India and - answer✔Brazil
Sightholders purchase diamond rough by - answer✔Attending invitation-only trading events
In the diamond trade, the word "specials" refers to - answer✔Diamond rough over 10.80 ct.
A bourse is a(n) - answer✔Diamond buying and selling club
Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are
mined in - answer✔Australia
By 2004, more than 90% of manufacturing for the diamond market was done in - answer✔India
A commitment to reserve a portion of the resources derived from any country for the economic
development of that country is called - answer✔Beneficiation
Businesses that sell to consumers via television cable, phone line, or satellite are called -
answer✔Electronic retailers
A city region or country with a large number of gemstone manufacturers is called a -
answer✔Cutting center
In 2000, De Beers altered is consumer advertising by - answer✔Introducing the "Forevermark"
Logo
Which diamond mine's huge production influenced the world market in the late 1980s -
answer✔Argyle
The diamond industry program designed to ensure that diamonds do not fund civil conflict or
terrorism is called - answer✔The Kimberley Process
In South Africa, a new mining charter that designates the peopke of the country as the owners
of its mineral resources is a result of - answer✔Black Economic Empowerment
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
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
Because the Australians believed the CSO's marketing favored large stones over smaller ones,
they - answer✔Aggressively promoted jewelry set with their own tiny gems
3|Page
