1 Key Concepts Flashcards
What is the purpose of diamond grading?
Diamond grading provides a standardized way of describing & comparing quality.
Is a diamond’s grade the only factor in determining market value?
A diamond’s grade is only one of the 4Cs/factors in determining value.
What factors create the “Listed” wholesale price of a diamond?
The list price depends on the market conditions that exist when the “List” is published.
Do all diamonds go through the same grading process?
No. Large, high-quality diamonds are graded much more thoroughly than small, low-quality ones.
What determines a diamond’s hardness and durability as a gem?
The specific formation conditions are directly responsible for a diamond’s hardness and durability as a gem.
How do diamonds survive environmental forces better than other gemstones?
The unique physical properties of gem-quality diamonds are what allows them to survive environmental forces better than any other gemstone.
Aside from the 4Cs, what factors contribute to a diamond’s value?
The costs associated with locating, developing, & operating diamond mines affect diamond values.
