Which term describes a trading event where selected clients buy rough diamonds?

Which term describes a trading event where selected clients buy rough diamonds?

• A. Sight
• B. Digger
• C. London Diamond Syndicate
• D. Diamond pipeline

Answer: (A)

A sight is a scheduled event in which a select group of approved buyers, called Sightholders, view and purchase rough diamonds from a producer. During a sight, the producer presents parcels of rough stones, often organized by size, quality, and price, and the Sightholders choose what they want to buy under established terms. This system helps regulate supply and pricing while ensuring a steady flow of rough into manufacturing pipelines. The other terms don’t describe this market event: a digger refers to someone who searches for rough stones in the field, a London Diamond Syndicate isn’t the standard term for an organized buying event, and a diamond pipeline describes the overall flow from rough to polished rather than a single purchasing session.

A sight is a scheduled event in which a select group of approved buyers, called Sightholders, view and purchase rough diamonds from a producer. During a sight, the producer presents parcels of rough stones, often organized by size, quality, and price, and the Sightholders choose what they want to buy under established terms. This system helps regulate supply and pricing while ensuring a steady flow of rough into manufacturing pipelines. The other terms don’t describe this market event: a digger refers to someone who searches for rough stones in the field, a London Diamond Syndicate isn’t the standard term for an organized buying event, and a diamond pipeline describes the overall flow from rough to polished rather than a single purchasing session.