Ch. 1 Flashcards
In the diamond trade, the word “specials” refers to?
Diamond rough over 10.80 cts.
Diamond sources started appearing in South Africa during the….
1860s
Who established De Beers Consolidated Mines ltd. in 1888?
Cecil Rhodes
Cecile Rhode’s main competitor in his early attempt to control diamond production was?
Barney Barnato
The diamond information center and the diamond promotion service were created to….
Assist in diamond marketing efforts
De Beers Consolidated Mines Ltd. was named after who?
The owners of a farm where one of the first diamond rushes took place.
Oppenheimer’s answer to low diamond demand in the 1930s was to….
Shut down operations at De Beers mines.
The Central Selling Organization was a…
Rough diamond distribution agency.
The South African diamond rush was sparked by…
The discovery of the star of South Africa
The path diamonds followed from mine to consumer was called the…
Diamond pipeline
The soft, diamond bearing material near the surface of a diamond field was named….
Yellowground
De Beers requires it’s sightholders to have an excellent reputation in the industry and…
The financial strength to make large purchase commitments.
Before the discovery of South Africa’s diamond deposits, the world’s two major producers were India and…
Brazil
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
Sightholders purchase diamond rought by?
Attending invitation-only trading events
