Colored Stones 7 Key Terms PDF

Colored Stones 7 Key Terms Beneficiation—A commitment to reserve a portion of the resources derived from any country for the economic development of that country. High-end market—Market sector where fine-quality, expensive gemstones are used in unique, handcrafted jewelry pieces. Calibrated sizes—Ge...

Colored Stones 7 Key Terms Beneficiation—A commitment to reserve a portion of the resources derived from any country for the economic development of that country. High-end market—Market sector where fine-quality, expensive gemstones are used in unique, handcrafted jewelry pieces. Calibrated sizes—Gemstone sizes cut to fit standard mountings. High grading—In mining terms, theft of a mine’s production by its workers. Commercial market—Market sector where averagequality gemstones are used in mass-market jewelry. Lot price—A discounted price for buying an entire parcel or a substantial part of it. Custom-made jewelry—A unique piece designed and created for a particular customer, often around specially chosen stones. Middle market—Market sector where better-quality gemstones are used in well-finished, moderately priced jewelry pieces. Cut—A gem dealer’s term for a random sample from a parcel of gemstones, often used to assess the parcel’s overall quality. Mine lot (mine run)—A mixture of gem qualities that represents unsorted production from a particular mine. Origin—The geographical location where a gem was mined. Cutter—A manufacturer who produces faceted stones, cabochons, or carvings. Cutting center—A city, region, or country with a large number of gemstone manufacturers. Facet grade—Gemstone rough that’s transparent enough and of high enough quality to produce faceted gems. Padparadscha—A rare pinkish orange sapphire. Parcel—A quantity of stones of similar or mixed qualities, and from a single mine or various sources, that’s offered for sale together. Pick price—A premium price for selecting stones from a parcel. Free-size—Non-standard cutting usually applied to large, important stones for use in expensive jewelry where standard size is not a consideration. Vertical integration—Involvement of a business or industry in all aspects of its product’s market. Grade—A specific rough gemstone quality range, usually determined by color, size, clarity, and price. Wholesaler—A company or individual that supplies gems to jewelry manufacturers and retailers. 58