The final cut quiz

1. Tiffany CEO Frederic Cumenal stepped down suddenly in February, hours before what important event?
a. Tiffany announcing its financial results.
b. The launch of its new “everyday items” collection.
c. The appointment of Reed Krakoff as chief artistic officer.
d. The jeweler’s first Super Bowl commercial.

2. Sotheby’s garnered $847,667 for a 26.29-carat polished diamond at a London auction in June. The stone’s nickname came from the price the owner had paid for it in the 1980s. What was it?
a. The Pound.
b. The Tenner.
c. The Fifty-Quid Diamond.
d. The Bitcoin.

3. Which of the following stocks suffered the largest share-price decline, percentage-wise, in 2017?*
a. Alrosa.
b. Gem Diamonds.
c. Mountain Province Diamonds.
d. Signet Jewelers.

4. De Beers will spend $142 million on a new mining ship that will hunt for diamonds off the coast of which African country?
a. Angola.
b. South Africa.
c. Sierra Leone.
d. Namibia.

5. Lucara Diamond Corp. finally found a buyer for the 1,109-carat Lesedi La Rona in September, nearly two years after digging it up. How much did Graff Diamonds pay for the record-breaking rough stone?
a. $51 million.
b. $53 million.
c. $63 million.
d. $71.2 million.

6. Dubai-based Almas Diamond Services will polish the stones that come from the 813-carat Constellation rough diamond at its new factory in the United Arab Emirates. But what reason did it give for the decision to have the diamond sawed in Israel?
a. Its cutting machine had arrived too recently.
b. The project wouldn’t have been profitable.
c. The company was understaffed.
d. Only Israel has the required expertise.

7. Which jeweler’s 18-karat yellow gold and opal earrings was Meghan Markle wearing when she made her first post-engagement appearance with Prince Harry?
a. Birks Group.
b. Harry Winston.
c. Pandora.
d. Chopard.

8. Which two of the following storylines featured in the June 2017 edition of Cartier’s acclaimed “The Proposal” commercials?
a. A young pair meets by chance at a Parisian museum. Two years later, they return there. He sets up a treasure hunt by sending her photos of exhibits on her smartphone. The game ends at a statue, where he proposes.
b. A couple meets when the woman accidentally knocks the man into a pool at a party. The video cuts to two years later, when he jumps into a different pool and proposes to the same woman.
c. A woman complains about the noise her musician neighbor is making. Two years later, they attend his concert together as, we find out, a couple. He sings her a number, and proposes.
d. A couple meets at the top of the Eiffel Tower. The proposal takes place at the same spot two years later.

* Between market opening on January 3, 2017, and closing on December 29.
Answers: 1. d, 2. b, 3. c, 4. d, 5. b, 6. a, 7. a, 8. b and c

Image: Cartier

Article from the Rapaport Magazine - January 2018. To subscribe click here.