Which term describes a diamond manufacturer or dealer invited by De Beers to buy rough diamonds?

Prepare for the Diamond and Diamond Grading Exam. Use flashcards and multiple-choice questions, each with detailed explanations and hints. Enhance your understanding and get ready to ace your exam!

Multiple Choice

Which term describes a diamond manufacturer or dealer invited by De Beers to buy rough diamonds?

Explanation:
The concept here is that De Beers manages a controlled supply of rough diamonds through regular viewing sessions called sights, and the buyers invited to participate are known as sightholders. A sightholder is a diamond manufacturer or dealer who has been approved by De Beers to attend these sights and buy rough diamonds under the company’s terms. The event itself is the sight, the opportunity to view and purchase, while the buyer who attends is the sightholder. That makes sightholder the correct term for an invited buyer. The other options don’t fit because sight describes the invitation/event, not the buyer; special isn’t a standard industry term for De Beers customers; and digger is not a formal designation in this context.

The concept here is that De Beers manages a controlled supply of rough diamonds through regular viewing sessions called sights, and the buyers invited to participate are known as sightholders. A sightholder is a diamond manufacturer or dealer who has been approved by De Beers to attend these sights and buy rough diamonds under the company’s terms. The event itself is the sight, the opportunity to view and purchase, while the buyer who attends is the sightholder. That makes sightholder the correct term for an invited buyer. The other options don’t fit because sight describes the invitation/event, not the buyer; special isn’t a standard industry term for De Beers customers; and digger is not a formal designation in this context.

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