ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWER
(VERIFIED ANSWERS)
1. Large high-quality dia- Graded much more thoroughly than small, low quality ones.
monds are:
2. The most consistent and Reputable, gemological, laboratories
dependable sources of dia-
mond grades are:
3. Dealers often sort melee by sieves
size using: It is not practical to grade and expensive stones. Small diamonds
are often sorted by size, putting them through a series of sieves
and then by color.
4. A diamond grading system A consistent way to communicate Diamond quality.
provides:
A widely recognized diamond grading system enables people to
compare one diamond to another, and communicate out about
diamonds in a standardized, consistent way.
5. An estimation of value of an Appraisal
article is a:
An appraisal is an estimation of value of an article. And jewelry
appraisals are commonly used to identify jewelry items, and
establish values for insurance replacement.
6. The Argyle Mine in Australia, The rise of cutting industry in India
contributed to:
The dramatic growth of India's dive, and cutting industry, was a
direct result of the high-level of production from the Argyle mine
in Australia
7. Wholesale price lists are Specific combinations of the four Cs
usually organized according
to: The wholesale prices on publish price list are usually based on
specific combination of the four Cs
, GIA Diamonds and Diamond Grading
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8. The Diamond industry has The world supply of diamond rough has increased, making dia-
has changed, dramatically monds available to a wider consumer base
and recent years because:
9. Diamond supreme, hard- A result of the conditions on which it formed
ness, and durability are:
Formation under specific temperature, temperature and pres-
sure conditions result in diamonds, supreme, harness, durability,
and desirable optical properties.
10. Diamond prices on whole- Depends on the market conditions that exist when the list are
sale price lists: published.
Published wholesale price list are based on specific combination
of the four Cs and depend on the market conditions that exist
when they are published
11. Substantial price discounts Can buy in large quantities.
are available to retailers and
Jewelry manufactures who: Wholesalers usually sell goods in large quantities and their cus-
tomers who buy large quantities often get substantial discounts
12. Once Diamond deposits are Must spend additional time and money to evaluate and develop
located, mining companies: them.
Once a diamond deposit is located, it takes an enormous amount
of time and money to analyze and develop it.
13. A diamond clarity and color Quality
grades indicate its:
A diamond grade indicates its quality, while a diamonds value is
largely determined by market factors.
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14. Reputable Gem laborato- Mounting high details of clarity and cut.
ries, don't grade mounted
diamonds because: Mountainside, clarity and cut details and mask color, which is why
reputable gem labs don't grade mounted diamonds.
15. A wholesaler is someone Sells to retailers
who:
Wholesalers don't sell directly to consumers they sell to retailers
16. Before the discovery of Brazil
South Africa is diamond de-
posit, the worlds two major India was the world's major source of diamonds until Brazil be-
producers were India, and: came an important source in the 1700s .
17. Who established de beers Cecil Rhodes
consolidated mines limited
in 1888?
18. A soft diamond berry mate- Yellow ground
rial near the surface of a di-
amond field was named: The soft, workable diamond, bearing material near the service of
a mining claim, was called yellow ground. The harder material
beneath the surface was called blue ground.
19. The south African diamond The discovery of the star of South Africa.
rush was sparked:
The discovery of the star of South Africa, 1869, and the publicity
that surrounded it, initiated the diamond Russian in South Africa.
20. Cecil Rhodes main competi- Barney Barnato
tor in his early attempts
to control Diamond produc- Barney Barnato was an entrepreneur who completed with Cecil
tion was: Rhodes for ownership of shares of the Kimberley mine