GIA EXAM QUESTIONS WITH CORRECT ANSWERS
Diamond grades provide... - CORRECT ANSWER -a standardized way of communicating and
comparing diamond quality
Diamond grades help in determining... - CORRECT ANSWER -diamond market value
______ of diamonds depend on the market conditions that exist when the lists are published -
CORRECT ANSWER -the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small, low quality
ones? - CORRECT ANSWER -TRUE
A diamonds specific formation conditions are directly responsible for it's ________ - CORRECT
ANSWER -it's hardness and durability.
T/F: the unqiue physical properties of gem-quality diamonds allow them to survive
environmental forces better than any other gemstone - CORRECT ANSWER -TRUE
what are some of the financial costs that affect diamond value? - CORRECT ANSWER -locating,
developing and operating diamond mines
Define: Appraisal - CORRECT ANSWER -an estimation of the value of an article, usually for
insurance purposes
Define: Wholesaler - CORRECT ANSWER -someone who sells to retailers rather than directly to
consumers
, 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 prices lists... - CORRECT ANSWER -depend on the market
conditions that exist when the lists are published.
Large, high quality diamonds are... - CORRECT ANSWER -graded 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... - 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
Diamond grades provide... - CORRECT ANSWER -a standardized way of communicating and
comparing diamond quality
Diamond grades help in determining... - CORRECT ANSWER -diamond market value
______ of diamonds depend on the market conditions that exist when the lists are published -
CORRECT ANSWER -the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small, low quality
ones? - CORRECT ANSWER -TRUE
A diamonds specific formation conditions are directly responsible for it's ________ - CORRECT
ANSWER -it's hardness and durability.
T/F: the unqiue physical properties of gem-quality diamonds allow them to survive
environmental forces better than any other gemstone - CORRECT ANSWER -TRUE
what are some of the financial costs that affect diamond value? - CORRECT ANSWER -locating,
developing and operating diamond mines
Define: Appraisal - CORRECT ANSWER -an estimation of the value of an article, usually for
insurance purposes
Define: Wholesaler - CORRECT ANSWER -someone who sells to retailers rather than directly to
consumers
, 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 prices lists... - CORRECT ANSWER -depend on the market
conditions that exist when the lists are published.
Large, high quality diamonds are... - CORRECT ANSWER -graded 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... - 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
