GIA-DDG 20

Question 1

A selection of goods loaned to a dealer by another wholesaler or manufacturer

Answer 1

Consignment

Question 2

A knowledgeable, experienced, and successful person, usually a dealer or manufacturer, in the diamond trade

Answer 2

Diamantaire

Question 3

A discounted price for buying an entire parcel, or a substantial part of it.

Answer 3

Lot Price

Question 4

A grooved, white, non-reflective tray used for matching sets of stones

Answer 4

Matching tray

Question 5

Buying agreement where a dealer entrusts merchandise to a customer for inspection and approval without requiring immediate payment.

Answer 5

Memo

Question 6

A quantity of stones, sometimes of similar size and quality, packaged together for sale or storage

Answer 6

Parcel

Question 7

The price of a gem divided by its carat weight

Answer 7

Per-carat price

Question 8

A premium price for selecting stones from a parcel

Answer 8

Pick price

Question 9

A small shovel made of think metal, used for picking up gems

Answer 9

Scoop

Question 10

a pad of white paper for sorting and showing gems

Answer 10

Sorting Pad

Question 11

Set of circular plates, each punched with precisely sized holds, used for sorting small, round gems by size

Answer 11

Sieve set

Question 12

A rapid and efficient way to sort large numbers of small, round diamonds is to use a(n)

Answer 12

Sieve set

Question 13

In a good-quality pave-set ring, the diamonds will have matching girdle diameters, colors, and

Answer 13

Table Sizes

Question 14

A group of gems that’s packaged together for sale or storage is called a

Answer 14

Parcel

Question 15

a scoop is useful for

Answer 15

picking up groups of small gems

Question 16

A sorting pad is a

Answer 16

clean and convenient paper surface for examing gems

Question 17

A grooved, white, non-reflective tray is used to

Answer 17

match sets of stones

Question 18

You should expect to pay more when you buy from a dealer

Answer 18

on credit

Question 19

Diamonds described as “thirds” typically range in weight from

Answer 19

0.30 to 0.37 ct.

Question 20

Dealers who buy diamonds on memo

Answer 20

have the opportunity to inspect stones before buying

Question 21

Published wholesale diamond price lists are

Answer 21

estimates of wholesale prices in a given market at a given time

Question 22

When you buy an entire parcel, you can exect to pay a

Answer 22

lot price

Question 23

If a diamond weights 0.76 ct and the per-carate price is $4,100, how much does the diamond cost?

Answer 23

$3116

Question 24

If a diamond weights 1.83 cts. and its price is $13,725, what is its per-carat price?

Answer 24

$7,500

Question 25

The main reason that dealers charge less when diamonds are paid for immediately is that

Answer 25

dealers usually borrow money to finance their own purchases

Question 26

A knowledgeable, experiened, and successful diamond dealer or manufactuer is called a(n)

Answer 26

Diamantaire