Chapter 15 Flashcards
What do retail jewelers routinely take in for repair?
Mounted diamonds
Retail jewelers handle mounted diamonds for various repair services.
Who do retail jewelers increasingly work with to improve diamonds?
Cutters
Jewelers collaborate with cutters for repolishing and recutting stones.
What might dealers arrange for poorly cut diamonds?
Recutting
Dealers may arrange for the recutting of diamonds that are not selling well.
What is a benefit of recutting diamonds?
Better proportions and improved light return
Recutting can enhance the marketability of diamonds.
True or False: The loss of weight in diamonds is sometimes worth the improvement in marketability.
True
Retail jewelers may accept some weight loss for better quality diamonds.
Where are most diamonds bought or sold at the retail level?
Most diamonds are bought or sold mounted in jewelry
Jewelers and consumers rarely deal in loose stones.
What challenges does mounting a diamond create?
Mounting makes it difficult to assess a diamond
It can hide imperfections, affect apparent color, and make weighing and measuring challenging.
What is a significant limitation of grading mounted diamonds?
Grades for mounted diamonds are less accurate and consistent than for loose stones
This is due to the reliance on estimates and value judgments.
What type of diamond grading reports does the GIA laboratory issue?
The GIA laboratory only issues diamond grading reports for loose stones
This ensures more accurate assessments.
Fill in the blank: It is impossible to accurately weigh a _______ diamond.
mounted
True or False: Mounted diamonds can hide a diamond’s imperfections.
True
What part does estimation play in the grading of mounted diamonds?
Estimation plays an important part in the grading of mounted diamonds
This is due to difficulties in assessment.
