GRADING 2025 FINAL EXAM
QUESTIONS WITH CORRECT
DETAILED ANSWERS ALREADY
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1. How are gem-quality rough diamonds sorted? - ANSWER 🗸 weight, shape,
clarity, and color
2. What is a downstream segment of the mine to market diamond journey? -
ANSWER 🗸 Selling to a customer via diamond jewelry retail
3. What describes a larger organization buying and joining smaller companies?
- ANSWER 🗸 Consolidation
4. Before the discovery of South Africa's diamond deposits, the world's two
major producers were India and - ANSWER 🗸 Brazil
,5. Diamond sources started appearing in South Africa during the - ANSWER
🗸 1860s
6. The Central Selling Organisation was a - ANSWER 🗸 rough diamond
distribution agency
7. The South African diamond rush was sparked by - ANSWER 🗸 the
discovery of the Star of South Africa
8. The soft, diamond-bearing material near the surface of a diamond field was
named - ANSWER 🗸 yellowground
9. Cecil Rhodes' main competitor in his early attempts to control diamond
production was - ANSWER 🗸 Barney Barnato
10.Who established De Beers Consolidated Mines Ltd. In 1888? - ANSWER 🗸
Cecil Rhodes
11.De Beers Consolidated Mines Ltd. Was named after - ANSWER 🗸 the
owners of a farm where one of the first diamond rushes took place
12.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
13.Oppenheimer's answer to low diamond demand in the 1930s was to -
ANSWER 🗸 shut down operations at De Beers mines
,14.The Diamond Information Center and the Diamond Promotion Service were
created to - ANSWER 🗸 assist in diamond marketing efforts
15.The path diamonds followed from mine to consumer was called the -
ANSWER 🗸 diamond pipeline
16.Sightholders purchase diamond rough by - ANSWER 🗸 attending
invitation-only trading events
17.De Beers requires its sightholders to have an excellent reputation in the
industry and - ANSWER 🗸 the financial strength to make large purchase
commitments
18.In the diamond trade, the word "specials" refers to - ANSWER 🗸 diamond
rough over 10.80 cts
19.Which diamond mine's huge production influenced the world market in the
late 1980s? - ANSWER 🗸 Argyle
20.A commitment to reserve a portion of the resources derived from any
country for the economic development of that country is called - ANSWER
🗸 beneficiation
21.A city, region, or country with a large number of gemstone manufacturers is
called a - ANSWER 🗸 cutting center
22.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
, 23.In 2000, De Beers altered its consumer advertising by - ANSWER 🗸
introducing the "Forevermark" logo
24.The diamond industry program designed to ensure that diamonds do not
fund civil conflict or terrorism is called - ANSWER 🗸 the Kimberley
Process
25.Businesses that sell to consumers via television or computer are called -
ANSWER 🗸 electronic retailers
26.De Beers became a privately owned company in - ANSWER 🗸 May 2001
27.Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-
market jewelry are mined in - ANSWER 🗸 Australia
28.The involvement of a business or industry in all aspects of its product's
market is called - ANSWER 🗸 vertical integration
29.By 2004, more than 90 percent of manufacturing for the diamond market
was done in - ANSWER 🗸 India
30.The program adopted by De Beers in 2007 to answer critics and resolve
shortcomings of its COS program is called - ANSWER 🗸 Supplier of
Choice 2