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ULTIMA LRM Certificated Training - Watches & Jewelry Level 1

Total questions: 16

Worksheet time: 48mins

Name
Class
Date
1.

Main reasons to collect watches:

a)

Collectability

b)

History & Provenance

c)

Rarity

d)

Trend

e)

All of the above

2.

How to differentiate between Contemporary / Vintage watches?

a)

After 1980 / Before 1979

b)

After 1990 / Before 1989

c)

After 2000 / Before 1999

d)

After 2010 / Before 2009

3.

Which brand is recommended to watch collectors by the specialist? (hint: not all)

a)

Rolex

b)

F.P. Journe

c)

Patek Philppe

d)

All of the above

4.

Patek Philippe vs. Rolex annual production?

a)

6,000 vs. 1,000,000

b)

6,000 vs. 10,000,000

c)

60,000 vs. 1,000,000

d)

None of the above

5.

Hottest Patek Philippe model right now

a)

Aquanaut and Nautilus

b)

Calatrava and Complications

c)

Annual Calendar Chronograph

d)

Complications

6.

Which Patek Philippe model specialist recommended (PP’s strength and still underrated)

a)

Aquanaut and Nautilus

b)

Calatrava and Complications

c)

Annual Calendar Chronograph

d)

Complications

7.

Hottest Rolex model right now according to specialist

a)

Daytona

b)

Submarina/Sea-Dweller

c)

GMT

d)

Explorer

e)

All except Explorer

8.

F.P. Journe’s annual production

a)

8,000

b)

5,000

c)

800

d)

200

9.

What makes F.P. Journe to be the up and rising brand for watch collectors?

a)

Rarity in the market

b)

Tourbilon is made by 18K gold

c)

Principle of Natural Resonance

d)

All of the above

10.

Which F.P. Journe models were introduced by specialist?

a)

Tourbillon souverain

b)

Resonance

c)

Both

d)

None

11.

What is white glove sales?

a)

when every lot in an auction successfully sells

b)

when 80% of the lots are sold in an auction

c)

when 50% of the lots are sold in an auction

d)

when nothing is sold

12.

What are the key evaluation standards for diamond & the terms used during training?

a)

color

b)

IF

c)

Type IIa

d)

All of the above

13.

What is the meaning of IF?

a)

Flawless

b)

Isn't Flawless

c)

Externally flawless

d)

Internally flawless

14.

What is the name of the white diamond standard price report that is used across the world?

a)

Christie’s generates their own report by specialists

b)

GIA Diamond Report

c)

Rapaport Price List with diamond prices based on the size, color and clarity, etc of each diamond

d)

No such report available

15.

What is “No Reserve” for price of the lot item?

a)

Item is not for sale

b)

item for sale will be sold regardless of price

c)

item for sale will be reserved by someone

d)

item for sale cannot be reserved by anyone

16.

Which of the following phrase is correct?

a)

黃金有價玉無價

b)

黃金無價玉有價

c)

黃金玉石皆無價

d)

黃金玉石皆有價