17. Valuation and Marketing

Welcome to your Module 17 - Valuation and Marketing

1. What is the primary purpose of gemstone appraisal?

Quiz: Valuation and Marketing of Gemstones

- A) To determine the gemstone's origin

- B) To establish its market value for buying, selling, or insurance

- C) To identify the gemstone's chemical composition

- D) To enhance the gemstone's appearance

2. Which factor is NOT typically considered in gemstone valuation?

- A) Color

- B) Clarity

- C) Weight

- D) Fluorescence

3. What does the comparative analysis method in appraisal involve?

- A) Comparing the gemstone's cost of production with similar stones

- B) Comparing the gemstone with recent sales of similar stones

- C) Comparing the gemstone's internal inclusions with others

- D) Comparing the gemstone's color with a standard color chart

4. Which organization is known for providing widely accepted gemstone grading standards?

- A) National Gem and Jewelry Authority (NGJA)

- B) International Gemological Institute (IGI)

- C) American Gem Trade Association (AGTA)

- D) Gemological Institute of America (GIA)

5. What is the main focus of the 4Cs grading system for diamonds?

- A) Color, Cut, Clarity, Carat Weight

- B) Color, Clarity, Carat Weight, Cost

- C) Carat Weight, Cut, Cost, Certification

- D) Clarity, Color, Carat Weight, Certification

6. What type of cut is known for its many facets and maximized brilliance?

- A) Cabochon cut

- B) Emerald cut

- C) Brilliant cut

- D) Step cut

7. What is the main advantage of cabochon cutting for gemstones?

- A) Maximizes sparkle and brilliance

- B) Emphasizes smoothness and color

- C) Enhances internal clarity

- D) Increases the gemstone's weight

8. Which design is characterized by an elongated, pointed end shape?

- A) Round cut

- B) Marquise cut

- C) Cushion cut

- D) Pear cut

9. What is the main purpose of polishing a gemstone?

- A) To add internal color

- B) To create facets

- C) To achieve a smooth, reflective surface

- D) To increase weight

10. Which gemstone is NOT typically suited for a cabochon cut?

- A) Opal

- B) Sapphire

- C) Diamond

- D) Turquoise

11. Which term refers to the art and skill of cutting, shaping, and polishing gemstones?

- A) Gemology

- B) Lapidary

- C) Mineralogy

- D) Gemmology

12. What is a key feature of the emerald cut?

- A) Numerous small facets

- B) Long rectangular facets arranged in steps

- C) Smooth rounded top

- D) Heart-shaped with pointed ends

13. What document provides detailed information about a gemstone's characteristics and value?

- A) Trade Certificate

- B) Appraisal Report

- C) Quality Assurance Certificate

- D) Inspection Report

14. What is a common challenge in the lapidary work of gemstones?

- A) Increasing gemstone color saturation

- B) Maintaining equipment precision

- C) Reducing gemstone size

- D) Adding internal inclusions

15. Which type of gemstone cutting style provides a vintage or antique look?

- A) Round brilliant cut

- B) Princess cut

- C) Cushion cut

- D) Trillion cut

16. What is NOT a common marketing strategy for gemstones?

- A) Target Market Identification

- B) Branding and Positioning

- C) Cost of Production Calculation

- D) Sales Channel Utilization

17. What document is required for exporting gemstones?

- A) Appraisal Report

- B) Export Permit

- C) Quality Assurance Certificate

- D) Certification of Origin

18. Which regulatory body oversees gemstone mining and trading in Sri Lanka?

- A) Department of Mines

- B) National Gem and Jewelry Authority (NGJA)

- C) International Gemological Institute (IGI)

- D) Gemological Institute of America (GIA)

19. What is one of the main challenges in gemstone export procedures?

- A) Increasing gemstone clarity

- B) Complying with international trade regulations

- C) Enhancing gemstone color

- D) Reducing gemstone weight

20. Which grading factor assesses the size of a diamond?

- A) Color

- B) Clarity

- C) Cut

- D) Carat Weight

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