Business > FINAL EXAM > GIA Diamonds and Diamond Grading Final Exam Questions and Answers! 100% CORRECT ANSWERS (All)

GIA Diamonds and Diamond Grading Final Exam Questions and Answers! 100% CORRECT ANSWERS

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GIA Diamonds and Diamond Grading Final Exam Questions and Answers! 100% CORRECT ANSWERS Substantial price discounts are available to retailers and jewelry manufacturers who can buy in large quantities... . The diamond industry has changed dramatically in recent years because the world's supply of diamond rough has increased. A diamond grading system provides a consistent way to communicate diamond quality. Diamond's supreme hardness and durability are a result of the conditions under which it formed. Wholesale price lists are usually organized according to specific combinations of the Four Cs. An estimation of the value of an article is a(n) appraisal The most consistent and dependable sources of diamond grades are reputable gemological laboratories. A diamond's clarity and color grades indicate its quality Once diamond deposits are located, mining companies must spend additional time and money to evaluate and develop them. Large, high-quality diamonds are graded much more thoroughly than small, low-quality ones. Reputable gem laboratories don't grade mounted diamonds because mountings hide details of clarity and cut. A wholesaler is someone who sells to retailers Diamond prices on wholesale price lists depend on the market conditions that exist when the lists are published. Dealers often sort melee by size using sieves The Argyle mine in Australia contributed to the rise of the cutting industry in India. Sightholders purchase diamond rough by attending invitation-only trading events. Before the discovery of South Africa's diamond deposits, the world's two major producers were India and Brazil Cecil Rhodes' main competitor in his early attempts to control diamond production was Barney Barnato The group that united in 1890 to buy and sell all of the output of the major diamond producers, including De Beers, was the London Diamond Syndicate Oppenheimer's answer to low diamond demand in the 1930s was to shut down operations at De Beers mines. In the diamond trade, the word [Show More]

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