Beyond The Essentials (Chapter 1, Key Terms & Concepts) Flashcards
An estimation of the value of an
article, usually for insurance purposes.
Appraisal
Someone who sells to
retailers rather than directly to consumers.
Wholesaler
Diamond grades provide a consistent, standardized way of communicating and comparing
diamond quality.
(Key Concept)
Diamond grades are only part of the determination
of diamond market value.
(Key Concept)
The listed wholesale prices of diamonds depend
on the market conditions that exist when the lists
are published.
(Key Concept)
Large, high-quality diamonds are graded much
more thoroughly than small, low-quality ones.
(Key Concept)
Diamond’s specific formation conditions are
directly responsible for its hardness and durability
as a gem
(Key Concept)
The unique physical properties of gem-quality
diamonds allow them to survive environmental
forces better than any other gemstone.
(Key Concept)
The huge financial costs involved in locating,
developing, and operating diamond mines are
factors affecting diamond value
(Key Concept)
Once diamond deposits are located, mining companies
must spend additional time and money to evaluate and develop them.
Substantial price discounts are available to retailers and jewelry manufacturers who
can buy in large quantities.
The Argyle mine in Australia contributed to
the rise of the cutting industry in India.
An estimation of the value of an article is a(n)
appraisal.
Wholesale price lists are usually organized according to
specific combinations of the Four Cs.
Dealers often sort melee by size using
sieves.
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.
The most consistent and dependable sources of diamond grades are
reputable gemological laboratories.
The diamond industry has changed dramatically in recent years because
the world’s supply of diamond rough has increased tremendously.
Diamond’s supreme hardness and durability are
a result of the conditions under which it formed.
A diamond grading system provides
a consistent way to communicate diamond quality.
A diamond’s clarity and color grades indicate its
quality.
Large, high-quality diamonds are
graded much more thoroughly than small, low-quality ones.
