RARE DIAMOND
Are diamonds a good investment option?
Falling prices and an unhealthy secondary market do not make it a good investment.
'Customer' vanishes with rare Rs 4.5 crore diamond after replacing it with lab-grown one
The thief, after checking the diamond, left on the pretext of withdrawing money for the transaction. After he left, the owner's son found out that the thief had replaced the original diamond with a lab-made one.
Your 24 karat gold is of 999 or 995 fineness? Check before buying
999 or 995- which is better gold: Many individuals are not aware that there are two ways to measure purity of gold. While karat is generally used for measuring purity of gold in jewellery, the same cannot be said for coins, bars and bullions. This is because fineness also matters while gold coins, bars and bullions.
Yellow diamond brooch which closely resembles Queen Elizabeth's prized jewellery, may fetch $6 mn at Geneva auction
The "Allnatt" diamond, bearing the name of its first owner, a British sportsman, is a rare stone, fancy vivid yellow in colour and weighing 101.29 carats.
Jewellers forge gems bond as #JamnagarJewels trend
The recent Ambani pre-wedding celebrations have sparked interest in premium handcrafted jewellery. Jewellers have launched new lines of gemstone-studded ornaments, sourced from countries like Sri Lanka, Mozambique, Zambia, and Colombia. The middle class is also showing interest in these jewellery pieces, contributing to rising demand.
Karnataka, Rajasthan begin auction of exploration licences for critical minerals
Karnataka and Rajasthan have initiated the auction of Exploration Licence (EL) for critical and deep-seated minerals. The move, the first of its kind in India, aims to explore difficult-to-mine minerals like Cobalt, Lithium, Nickel, Gold, Silver, and Copper. The Mines and Minerals (Development and Regulation) Act, 1957, was amended in September 2023 to introduce new mineral concessions for 29 critical minerals.
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Lab-grown diamonds put natural gems under pressure
Lab-grown diamonds are reshaping the global diamond jewelry market, with production volumes growing rapidly. They offer lower costs, clean records, and are gaining popularity for engagement rings. The industry has faced challenges, but falling prices have spurred demand, especially in Mumbai.
AFK Arena Codes for January 2024: See how to claim your rewards
Unlock valuable resources in AFK Arena with redeemable codes. This January, 21 codes offer rewards ranging from Diamonds to Hero Scrolls. Follow the simple steps to enhance your game.
A diamond is forever. Even lab-grown diamonds?
As a growing number of consumers choose lab grown diamonds and a growing number of leading jewelers start using lab grown, the question is whether the plunging demand for natural diamonds is a permanent and structural shift. The numbers are suggesting that it is, until 5 years ago LGD were priced about 20% below natural diamonds, the prices have crashed to 80 – 90 % below natural.
Rare Russian books worth millions of Euros get stolen from European libraries
A spate of thefts of rare Russian classics worth millions of euros from libraries across Eastern Europe has left a trail that points all the way to auctions in Russia.
Rare 'Bleu Royal' diamond sets new record at Christie's auction, sells for nearly $44 Mn
In a historic event at Christie's auction in Geneva, the largest internally flawless fancy vivid blue diamond ever put up for auction, known as 'Bleu Royal', was sold for a staggering $43.8 million.
Rare blue diamond fetches $43 mn at Geneva auction
Weighing 17.61 carats, the Bleu Royal is the largest internally flawless fancy vivid blue gem ever to appear for sale in auction history.
Rare blue diamond could fetch Rs 339 cr at Christie's auction
Known as 'Bleu Royal' this vivid blue diamond - which is set in a ring - is among the rarest and biggest ever to be unearthed.
Demand for diamonds hit in key consuming markets but India performing well: De Beers’ Paul Rowley
Lower disposable income is affecting the demand for diamond jewellery in key consumer markets. De Beers expects the situation to improve once the broader macroeconomic environment stabilises.
Rs 5 lakh solitaire diamond available at a discount of Rs 1.5 lakh: Prices drop 35% to 2004 levels
The prices of polished diamonds have significantly dropped, creating favorable circumstances for buyers in India and abroad. This price correction has opened up new opportunities for Indian buyers and businesses to attract buyers from countries like the US, the UK, and China. The current prices now match those of 2004 for specific qualities of one-carat diamonds.
Africa pushes back against China's predatory practices in rare earth mineral sector
Resource rich bigger African states are pushing back against Beijing. In August Nigeria, Africa's biggest economy, suspended some of illegal Chinese mining operations in the country. On August 28, Nigeria terminated the operations of Ruitai Mining Company, a Chinese mining firm, for its involvement in illegal mining of titanium ore.
Seven-year-old girl discovers 2.95-carat golden brown diamond in US
The gem, named the "Aspen Diamond," is undamaged and showcases the park as a destination for diamond hunters. The park has seen a total of 563 registered diamonds in 2023, making dreams of finding genuine diamonds a thrilling possibility.
UK singer-songwriter Faye Fantarow dies at 21 from rare brain tumour
Fantarow’s debut EP ‘AWOL’ was moved up to an earlier date (February 10), due to her diagnosis.
Michael Jackson's son Blanket Jackson makes rare appearance to mark late singer's 65th birthday
Blanket Jackson and Prince Jackson attended the 10th anniversary of 'Michael Jackson ONE by Cirque du Soleil' in Las Vegas.
Thieves hide Rs 15-crore stolen rare diamond in electric switchboard, reveals three decade long legal battle
A legal dispute over a 32-carat Golconda diamond has been settled in a Kolkata court. The case involved a gunpoint theft, police searches and a clever hiding place that was eventually found. The diamond's sequence of recovery bore a striking resemblance to the story of the 'Joy Baba Felunath' cinematic masterpiece by Satyajit Ray.
World's most valuable teapot, made from 18-carat yellow gold with cut diamonds, is worth $3mn
The most expensive teapot in the world has been revealed by the Guinness Book of World Records. The teapot was valued at $3m in 2016 and is made from 18-carat gold, covered in diamonds and features a ruby in the centre. It was made by Italian jeweller, Fulvio Scavia and is owned by the N Sethia Foundation in the UK.
Mining Act tweak planned to push rare, critical mineral exploration
The amendment proposes to insert the provision of an exploration licence in the law which will be granted through auction for undertaking reconnaissance and prospecting operations, according to the official. The licence will also be granted only for deep-seated and critical minerals that will be specified in a new schedule to the Act, said the official.
Shining bright: Why Indian exports of lab grown diamonds have risen six-fold in three years
LGDs have been gaining traction globally because of factors such as price and awareness about conflict diamonds. Being more self-reliant in the trade and investing significantly in R&D can take things up a notch for India.
Rare pink diamond valued at $35 mn to go under the hammer at New York auction
The 10.57-carat stone is being touted as the most valuable pink diamond ever to be auctioned.
Williamson Pink Star: All about the rare pink diamond that sold for nearly $50 million
The pink diamond 'Williamson Pink Star' weighs 11.15-carat and was auctioned by Sotheby’s Hong Kong. It was sold for $49.9 million, which is a world record price
Rare rough ruby, weighing 2.8 kg, makes a debut at Dubai show; expected to fetch $30 mn at auction
The 8,400-carat stone is nicknamed Burj Alhamal.
Rare diamond, emerald spectacles from Mughal India to be auctioned in UK
The diamond pair of glasses, named the Halo of Light, and the emerald pair, named the Gate of Paradise, will go on display at Sotheby's London from October 22 in the lead up to their auction at the Arts of the Islamic World & India sale on October 27.
Rare 14.83-carat pink diamond fetches $27 million at auction
It took just a few minutes for the bids to reach 21 mn Swiss francs after the stone came up in an online auction.
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