GIA EXAM QUESTIONS AND ANSWERS
Diamond grades provide... - Answer-a standardized way of communicating and comparing diamond
quality
Diamond grades help in determining... - Answer-diamond market value
______ of diamonds depend on the market conditions that exist when the lists are published - Answer-
the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small, low quality ones? -
Answer-TRUE
A diamonds specific formation conditions are directly responsible for it's ________ - 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 - Answer-TRUE
what are some of the financial costs that affect diamond value? - Answer-locating, developing and
operating diamond mines
, Define: Appraisal - Answer-an estimation of the value of an article, usually for insurance purposes
Define: Wholesaler - Answer-someone who sells to retailers rather than directly to consumers
A diamond grading system provides... - Answer-a consistent way to communicate diamond quality
A wholesaler is someone who... - Answer-sells to retailers.
Diamond prices on wholesale prices lists... - Answer-depend on the market conditions that exist when
the lists are published.
Large, high quality diamonds are... - Answer-graded much more thoroughly than small, low-quality
ones.
Diamond's supreme hardness and durability are.. - Answer-a result of the conditions under which it
formed.
Once diamond deposits are located, mining companies... - Answer-must spend additional time and
money to evaluate and develop them.
An estimation of the value of an article is a(n)... - Answer-appraisal
The most consistent and dependable sources of diamond grades are... - Answer-reputable gemological
laboratories.
Substantial price discounts are available to retailers and jewelry manufacturers who.... - Answer-can
buy in large quantities.
Diamond grades provide... - Answer-a standardized way of communicating and comparing diamond
quality
Diamond grades help in determining... - Answer-diamond market value
______ of diamonds depend on the market conditions that exist when the lists are published - Answer-
the listed wholesale prices
T/F: Large, high quality diamonds are graded much more thoroughly than small, low quality ones? -
Answer-TRUE
A diamonds specific formation conditions are directly responsible for it's ________ - 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 - Answer-TRUE
what are some of the financial costs that affect diamond value? - Answer-locating, developing and
operating diamond mines
, Define: Appraisal - Answer-an estimation of the value of an article, usually for insurance purposes
Define: Wholesaler - Answer-someone who sells to retailers rather than directly to consumers
A diamond grading system provides... - Answer-a consistent way to communicate diamond quality
A wholesaler is someone who... - Answer-sells to retailers.
Diamond prices on wholesale prices lists... - Answer-depend on the market conditions that exist when
the lists are published.
Large, high quality diamonds are... - Answer-graded much more thoroughly than small, low-quality
ones.
Diamond's supreme hardness and durability are.. - Answer-a result of the conditions under which it
formed.
Once diamond deposits are located, mining companies... - Answer-must spend additional time and
money to evaluate and develop them.
An estimation of the value of an article is a(n)... - Answer-appraisal
The most consistent and dependable sources of diamond grades are... - Answer-reputable gemological
laboratories.
Substantial price discounts are available to retailers and jewelry manufacturers who.... - Answer-can
buy in large quantities.
