DDG Final Exam (1-10) - Questions With Correct
Solutions
A diamond grading system provides Correct Answer - a
consistent way to communicate diamond quality.
A wholesaler is someone who Correct Answer - sells to
retailers.
Diamond prices on wholesale price lists Correct Answer -
depend on the market conditions that exist when the lists are
published.
Large, high-quality diamonds are graded... Correct Answer -
much more thoroughly than small, low-quality ones.
Diamond's supreme hardness and durability are Correct Answer -
a result of the conditions under which it formed.
Once diamond deposits are located, mining companies Correct
Answer - must spend additional time and money to evaluate and
develop them.
An estimation of the value of an article is a(n) Correct Answer -
appraisal.
The most consistent and dependable sources of diamond grades are
done by Correct Answer - reputable gemological laboratories.
Substantial price discounts are available to retailers and jewelry
manufacturers who Correct Answer - can buy in large
quantities.
,A diamond's clarity and color grades indicate its Correct Answer -
Quality
Reputable gem laboratories don't grade mounted diamonds because
Correct Answer - mountings hide details of clarity and cut.
Dealers often sort melee by size using Correct Answer - sieves.
The diamond industry has changed dramatically in recent years
because Correct Answer - the world's supply of diamond
rough has increased.
The Argyle mine in Australia contributed to Correct Answer -
the rise of the cutting industry in India.
Wholesale price lists are usually organized according to Correct
Answer - specific combinations of the Four Cs.
The main reason for most gem appraisals is for Correct Answer -
insurance replacements.
What kind of appraisal would you get to determine how much you
can sell your jewelry for? Correct Answer - Liquidation
An estimation of the value of an article, usually for insurance
policies Correct Answer - Appraisal
Someone who sells to retailers rather than directly to customers
Correct Answer - Wholesaler
What do diamond grades provide? Correct Answer - A
consistent, standardized way of communicating and comparing
diamonds
, Before the discovery of South Africa's diamond deposits, the world's
two major producers were India and Correct Answer - Brazil
Diamond sources started appearing in South Africa during the
Correct Answer - 1860s
The Central Selling Organization was a Correct Answer - rough
diamond distribution agency
The South African diamond rush was sparked by Correct Answer
- the discovery of the Star of South Africa
The soft, diamond-bearing material near the surface of a diamond
field was named Correct Answer - yellowground
Cecil Rhodes' main competitor in his early attempts to control
diamond production was Correct Answer - Barney Barnato
Who established De Beers Consolidated Mines Ltd. in 1888?
Correct Answer - Cecil Rhodes
De Beers Consolidated Mines Ltd. was named after Correct
Answer - the owners of a farm where one of the first diamond
rushes took place
The group that united in 1890 to buy and sell all of the output of the
major diamond producers, including De Beers, was the Correct
Answer - London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to
Correct Answer - shut down operations at De Beers mines
Solutions
A diamond grading system provides Correct Answer - a
consistent way to communicate diamond quality.
A wholesaler is someone who Correct Answer - sells to
retailers.
Diamond prices on wholesale price lists Correct Answer -
depend on the market conditions that exist when the lists are
published.
Large, high-quality diamonds are graded... Correct Answer -
much more thoroughly than small, low-quality ones.
Diamond's supreme hardness and durability are Correct Answer -
a result of the conditions under which it formed.
Once diamond deposits are located, mining companies Correct
Answer - must spend additional time and money to evaluate and
develop them.
An estimation of the value of an article is a(n) Correct Answer -
appraisal.
The most consistent and dependable sources of diamond grades are
done by Correct Answer - reputable gemological laboratories.
Substantial price discounts are available to retailers and jewelry
manufacturers who Correct Answer - can buy in large
quantities.
,A diamond's clarity and color grades indicate its Correct Answer -
Quality
Reputable gem laboratories don't grade mounted diamonds because
Correct Answer - mountings hide details of clarity and cut.
Dealers often sort melee by size using Correct Answer - sieves.
The diamond industry has changed dramatically in recent years
because Correct Answer - the world's supply of diamond
rough has increased.
The Argyle mine in Australia contributed to Correct Answer -
the rise of the cutting industry in India.
Wholesale price lists are usually organized according to Correct
Answer - specific combinations of the Four Cs.
The main reason for most gem appraisals is for Correct Answer -
insurance replacements.
What kind of appraisal would you get to determine how much you
can sell your jewelry for? Correct Answer - Liquidation
An estimation of the value of an article, usually for insurance
policies Correct Answer - Appraisal
Someone who sells to retailers rather than directly to customers
Correct Answer - Wholesaler
What do diamond grades provide? Correct Answer - A
consistent, standardized way of communicating and comparing
diamonds
, Before the discovery of South Africa's diamond deposits, the world's
two major producers were India and Correct Answer - Brazil
Diamond sources started appearing in South Africa during the
Correct Answer - 1860s
The Central Selling Organization was a Correct Answer - rough
diamond distribution agency
The South African diamond rush was sparked by Correct Answer
- the discovery of the Star of South Africa
The soft, diamond-bearing material near the surface of a diamond
field was named Correct Answer - yellowground
Cecil Rhodes' main competitor in his early attempts to control
diamond production was Correct Answer - Barney Barnato
Who established De Beers Consolidated Mines Ltd. in 1888?
Correct Answer - Cecil Rhodes
De Beers Consolidated Mines Ltd. was named after Correct
Answer - the owners of a farm where one of the first diamond
rushes took place
The group that united in 1890 to buy and sell all of the output of the
major diamond producers, including De Beers, was the Correct
Answer - London Diamond Syndicate
Oppenheimer's answer to low diamond demand in the 1930s was to
Correct Answer - shut down operations at De Beers mines
