Free Flashcards about DDG - Quizes

Key Questions and Answers

Question: The most reliable sources of diamond grades are:

• A. Appraisers.
• B. Wholesalers.
• C. Mining experts.
• D. Reputable gemological laboratories.

Question: Large, high-quality diamonds are:

• A. Sorted rather than graded.
• B. Usually graded in their mountings.
• C. Graded with a quick look under a loupe.
• D. Graded much more thoroughly than small, low-quality ones.

Question: A diamond's clarity and color grades indicate its:

• A. Quality.
• B. Popularity.
• C. Retail price.
• D. Wholesale price.

Question: Dealers often sort melee by size using:

• A. Scales.
• B. Sieves.
• C. Templates.
• D. Millimeter gauges.

Question: A diamond grading system provides:

• A. Exact diamond market value to a buyer.
• B. A consistent way to communicate diamond quality.
• C. Assurance to customers that they're getting the best prices.
• D. Diamond descriptions that can change from country to country.

Question: Diamond prices on wholesale price lists:

• A. Are not negotiable.
• B. Reflect a worldwide consensus.
• C. Are available free on the Internet.
• D. Depend on the market conditions that exist when the lists are published.

Diamond Industry Insights

Diamond prices can fluctuate greatly and depend on various factors including market demand and quality of the gemstones. Quality assurance comes from understanding the Four Cs: Cut, Color, Clarity, and Carat weight.

More insights about the diamond industry indicate that a reputable gem dealer will have a proven track record. For clearer communication regarding diamonds, make sure to refer to grading certificates provided by established laboratories.

It is crucial to understand the differences between wholesalers and retailers, as this will influence the purchase experience. Wholesalers often operate at lower margins compared to retailers, making it beneficial for businesses looking to source diamonds for resale.

Learning More About Diamonds

As for purchasing diamonds, ask questions regarding their origin, grading information, and whether the diamond is conflict-free. Investments in diamonds should be made with careful consideration of their long-term value.

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