SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Evaluate diamond gemstones against recognised price lists 
SAQA US ID UNIT STANDARD TITLE
259757  Evaluate diamond gemstones against recognised price lists 
ORIGINATOR
SGB Mining and Minerals 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 06 - Manufacturing, Engineering and Technology Fabrication and Extraction 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is useful for people who are required to estimate the value of the resultant polished diamond gemstones from rough diamonds.

Learners credited with this unit standard are able to:
  • Identify the recognised price lists applicable in the industry and describe their application and currency.
  • Explain how the different characteristics of diamond gemstones influences value.
  • Evaluate different processing options for rough diamonds in terms of optimal value of different potential processing outcomes.
  • Determine the value of various outcomes if sold into different markets.

    The skills, knowledge and understanding demonstrated within this unit standard are essential for social and economic transformation and contribute to the upliftment and economic growth of the mining and minerals sector, particularly in the aspect of beneficiation.

    This unit standard is intended to promote general skills, knowledge and understanding of processing of diamond gemstones in the mining and minerals sector in order to ensure knowledgeable and informed workers. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are already competent in:
  • History, structure and operations of the diamond processing industry.
  • Requirements for security of diamonds.
  • Mathematics for currency conversion and proportional values. 

  • UNIT STANDARD RANGE 
    The scope and context applies to the conversion of rough diamond gemstones into cut and polished diamond gemstones for sale into local and international markets. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify the recognised price lists applicable in the industry and describe their application and currency. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The recognised price lists for valuing diamond gemstones are listed and their application and interpretation explained in terms of international practice and acceptability. 

    ASSESSMENT CRITERION 2 
    The relative importance and location of the price lists are explained in terms of industry practice, and demand for different types of polished goods. 

    ASSESSMENT CRITERION 3 
    The circumstances under which pricing from the different price lists would be applied are explained in terms of make, shape and size of diamond. 

    ASSESSMENT CRITERION 4 
    The importance of reflecting the value of diamonds in the appropriate currency is explained with reference to exchange control regulations and fluctuating foreign exchange rates. 

    ASSESSMENT CRITERION 5 
    The impact of timing differences between evaluating rough diamonds and delivering polished diamond gemstones is explained in relation to potential currency movements. Actions that can be taken to minimise adverse currency movements are outlined. 

    ASSESSMENT CRITERION 6 
    Actions that can be taken to manage the effects of exchange rate fluctuations are explained in terms of protecting the value of diamonds during processing and trading. 

    SPECIFIC OUTCOME 2 
    Explain how the different characteristics of diamond gemstones influences value. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different characteristics of diamond gemstones that can affect valuation and profitability are explained in terms of their relative importance. 
    ASSESSMENT CRITERION RANGE 
    The different characteristics must include:
  • Weight.
  • Colour.
  • Clarity.
  • Make/finish.
  • Cost of rough.
  • Cost of processing.
     

  • ASSESSMENT CRITERION 2 
    The impact of each of the different characteristics of diamond gemstones are explained in terms of how they affect value. 

    ASSESSMENT CRITERION 3 
    The permissible remediation to improve the characteristics of polished diamond gemstones is explained in terms of the potential to increase value. 

    ASSESSMENT CRITERION 4 
    The factors associated with processing decisions in terms of achieving optimum value of polished diamond gemstones is explained in terms of the risk attached to such factors. 
    ASSESSMENT CRITERION RANGE 
    Factors must include:
  • Weight loss.
  • Colour change.
  • Damage or breakage.
  • Finish.
  • Shape.
  • Stress.
     

  • SPECIFIC OUTCOME 3 
    Evaluate different processing options for rough diamonds in terms of optimal value of different potential processing outcomes. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different processing options for given diamond gemstones are identified from previous examinations. 

    ASSESSMENT CRITERION 2 
    Each option is evaluated in terms of potential outcomes based on information supplied from examinations of rough, semi processed and polished diamond gemstones. 

    ASSESSMENT CRITERION 3 
    Evaluations are set out in terms of the options, using the recommended price list for each of the potential outcomes. 

    ASSESSMENT CRITERION 4 
    The risks associated with each option are identified and explained in terms of sensitivity of the optimal valuation. 
    ASSESSMENT CRITERION RANGE 
    Risks must include:
  • Processing accuracy/success in removing impurities.
  • Weight outcomes.
  • Colour outcomes.
  • Shape outcomes.
  • Market movement or trends.
  • Currency fluctuations.
     

  • ASSESSMENT CRITERION 5 
    The recommended processing option is made with the estimated value, based on the evaluation and risk assessment and communicated in accordance with workplace specific practices. 

    SPECIFIC OUTCOME 4 
    Determine the value of various outcomes if sold into different markets. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The outcomes of the different options are evaluated against different markets, using appropriate price lists. 

    ASSESSMENT CRITERION 2 
    The relative outcomes are compared using the risk assessment of achieving the most desirable outcome. 

    ASSESSMENT CRITERION 3 
    The recommended processing option and market is made with the associated estimated value and relative risks. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this unit standard must be registered as an assessor with the relevant Education, Training, Quality, Assurance (ETQA) Body, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable the achievement of this unit standard must be accredited as a provider with the relevant Education, Training, Quality, Assurance (ETQA) Body, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant Education, Training, Quality, Assurance (ETQA) Body, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA, according to the ETQA's policies and guidelines for assessment and moderation.
  • Moderation must include both internal and external moderation of assessments, unless ETQA policies specify otherwise.
  • Anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The following embedded knowledge is addressed in an integrated way in the unit standard.

    Knowledge relating to the application of price lists:
  • Process to identify characteristics and apply them to the price lists.
  • Reason for selecting particular markets to maximise value.
  • Identification of different processing activities and risks.
  • Relevant process to improve impurities.
  • Implications of not reaching optimal processing standards.

    Skill in interpreting variable outcomes:
  • The ability to predict outcomes from information supplied.
  • Ability to assess risk and relate this to potential outcomes.
  • Ability to evaluate different resultant gemstone options from the rough.

    Communication:
  • Reporting valuations, options, risk and motivations.
  • Indicating alternative options.
  • Liaison with associated operations and personnel. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems and make decisions using critical and creative thinking.

    Note: The ability of the learner to evaluate different options for evaluation of the outcomes of processing rough diamonds requires critical and creative thinking to solve problems. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as members of a team, group, organisation or community.

    Note: The ability of the learner to use different sources of information and communicate and motivate recommendations indicates the ability to work effectively as a team member. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage themselves and their activities responsibly and effectively.

    Note: The systematic process of evaluation of different options requires the learner to organise and manage activities in the work environment. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information.

    Note: The ability of the learner to interpret the supplied information into practical implications for processing indicates the learner's ability to analyse, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively, using visual, mathematical and/or language skills in the modes of oral and/or written presentations.

    Note: The ability to explain the recommendations of the evaluation and associated risks indicates the learner's ability to communicate effectively through visual and language skills. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically showing responsibility towards the environment and health of others.

    Note: The assessment of risk in processing activities to motivate the recommendation demonstrates the use of science and technology in the processing of information. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation.

    Note: The assessment of providing outcomes into different markets indicates the ability of the learner to understand the importance of considering all markets that are interrelated to the industry. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Terminology:

    Specified Requirements:

    Specified requirements include legal and site-specific requirements and are contained in one or more of the following documents:

    Legal:
  • The Bargaining Council for the Diamond Cutting Industry Main Agreement.
  • Regulations of the Diamonds Act, No 56 of 1986, as amended.
  • The Occupational Health and Safety Act, No 85 of 1993.
  • SABS and other accredited standards and quality assurance measures.
  • The glossary of terms about the terminology of the industry issued by the Bargaining Council for the Diamond Cutting Industry.

    Site-Specific:
  • Workplace rules and procedures regarding the issue and custody of diamonds and equipment.
  • Occupational Health and Safety risk management programme.
  • Managerial Instructions.
  • User manuals supplied by equipment manufacturers.
  • Working Guides, tariff agreements, policies and procedures.
  • Equipment and materials specifications. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  64249   Further Education and Training Certificate: Diamond Design and Evaluation  Level 4  NQF Level 04  Reregistered  2023-06-30  MQA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.