Succeeding in the Marketplace (Chapter 20, Key Terms & Key Concepts) Flashcards
A selection of goods loaned
to a dealer by another wholesaler or manufacturer.
Consignment
A knowledgeable, experienced,
and successful person, usually a dealer or
manufacturer, in the diamond trade.
Diamantaire
A discounted price for buying an
entire parcel, or a substantial part of it.
Lot price
A grooved, white, nonreflective tray used for matching sets of
stones.
Matching tray
Buying agreement where a dealer
entrusts merchandise to a customer for
inspection and approval without requiring
immediate payment.
Memo
A quantity of stones, sometimes of
similar size and quality, packaged together
for sale or storage.
Parcel
The price of a gem divided
by its carat weight.
Per-carat price
A premium price for selecting
stones from a parcel.
Pick price
A small shovel made of thin metal,
used for picking up gems.
Scoop
A pad of white paper for
sorting and showing gems
Sorting pad
Set of circular plates, each
punched with precisely sized holes, used
for sorting small, round gems by size.
Sieve set
A color-corrected, distortion-free 10X loupe is
essential in the diamond trade.
Key Concept
Electronic scales can be extremely accurate, but
they must be set up carefully for best results.
Key Concept
Careful matching is important to the appearance
of jewelry that contains more than one diamond.
Key Concept
The overall quality of a piece of multi-diamond
jewelry is reflected in how well its diamonds
match.
Key Concept
