GIA EXAM Comprehensive
Questions (Frequently Tested)
with Verified Answers Graded
A+
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.
A diamond's clarity and color grades indicate its... - Answer: quality
Questions (Frequently Tested)
with Verified Answers Graded
A+
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.
A diamond's clarity and color grades indicate its... - Answer: quality
