Sight is:

Sight is:

• A. Trading event where selected clients buy rough diamonds
• B. A retail sale of polished diamonds to consumers
• C. An internal price list for dealers
• D. A security program for stores

Answer: (A)

Sight is a scheduled trading event where selected clients, known as sightholders, purchase rough diamonds directly from the producer. This is how rough diamonds are allocated into the manufacturing pipeline: the producer presents a batch of rough goods to approved buyers, who then decide what to take. It is not a retail sale to consumers, not an internal price list for dealers, and not a security program for stores. The essence is the controlled, select sale of rough diamonds to approved buyers at a sight.

Sight is a scheduled trading event where selected clients, known as sightholders, purchase rough diamonds directly from the producer. This is how rough diamonds are allocated into the manufacturing pipeline: the producer presents a batch of rough goods to approved buyers, who then decide what to take. It is not a retail sale to consumers, not an internal price list for dealers, and not a security program for stores. The essence is the controlled, select sale of rough diamonds to approved buyers at a sight.