Which term is used for selling rough to pre-approved buyers via sight holders?

• A. Sorting Rough
• B. Long-term contract
• C. Auction/tenders
• D. Short-term contract

Answer: (A)

In this context, the key idea is how rough diamonds are allocated to a select group of buyers through a controlled system. Selling to pre-approved buyers via sight holders is all about organizing and presenting the rough in defined lots that match those buyers’ requirements. This presentation and division of rough into sorted lots is what the term sorting rough captures here, as it describes preparing and distributing the material specifically for the sight-holder program.

The other terms describe different arrangements: long-term contract refers to the duration or nature of an agreement rather than the method of distribution; auction or tenders involve selling to the broader market through competitive bidding; short-term contract denotes a limited time frame rather than the mechanism of allocation to sight holders.