SOC sightholders had to demonstrate the ability to do what with diamonds?

SOC sightholders had to demonstrate the ability to do what with diamonds?

• A. Sell diamonds and to add value to those diamonds in some way
• B. Mine diamonds and process them themselves
• C. Market diamond jewelry to consumers
• D. Diversify into other minerals

Answer: (A)

This question tests how sightholders fit into the diamond supply chain. Sightholders are buyers of rough diamonds who must show they can move diamonds through to the market and create value beyond the raw stone. That means they not only sell diamonds but also add value via downstream activities—such as sorting, planning, cutting and polishing, or distributing to manufacturers and retailers in a way that increases what the diamonds are worth. The other ideas—mining and processing the diamonds themselves, marketing finished jewelry to consumers, or diversifying into other minerals—do not describe the required capability to sell and actively enhance the value of diamonds within the supply chain. So the best choice is the option that emphasizes both selling diamonds and adding value to them.

This question tests how sightholders fit into the diamond supply chain. Sightholders are buyers of rough diamonds who must show they can move diamonds through to the market and create value beyond the raw stone. That means they not only sell diamonds but also add value via downstream activities—such as sorting, planning, cutting and polishing, or distributing to manufacturers and retailers in a way that increases what the diamonds are worth. The other ideas—mining and processing the diamonds themselves, marketing finished jewelry to consumers, or diversifying into other minerals—do not describe the required capability to sell and actively enhance the value of diamonds within the supply chain. So the best choice is the option that emphasizes both selling diamonds and adding value to them.