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June 14th, 2009 From admin
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In the USA, the government has auctioned over 600 diamonds with a crime history. It’s not as easy as it used to be to buy what the government sells, especially during economic downtime’s when the treasury looks to fund its extravagant stimulus packages. Which is why when it comes to the government selling tangible goods, the news is good since the value is easier to judge.
Lat month, 605 loose diamonds were auctioned off under the stunning crystal chandeliers of the Grand Ballroom in the New Yorker Hotel. The diamonds have a checkered history, some have always been loose, whilst others spent time set as diamond hoop earrings and diamond necklaces.
The 605 diamonds that were divided into more than 100 lots, had once belonged to Roman and Eduard Nektalov, a father-and-son business which bought and sold diamonds in Manhattan. In 2002 they were were targets of the infamous Operation Meltdown, an FBI investigation into the laundering of drug money. In 2003, the two men, members of a prominent family of Bukharian residents, were arrested after trading the diamonds, unbnkown to them to a undercover FBI agent. It’s beleived the deal would have been worth over $500,000 cash had it been legitimate.
By the end of the day, the auction brought in nearly $750,000.
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June 9th, 2009 From admin
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Police in Paris and international investigators hope that the recent arrest of two ‘Pink Panther’ diamond thiefs may shed some much anticipated light on a number of heists over recent years.
In Paris, the posters for one of the thieves still wanted “Zoran Kostic” show images of a fugitive who investigators believe may hold the key to breaking and uncovering a huge international network of globe-hopping jewel thieves with a taste for jewels including chunky diamonds, diamond stud earrings and diamond necklaces. Zoran Kostic is believed to be the main ring leader and tops the list of Pink Panther theives still at large.
The Interpol poster shows his eye color as green. Mr. Kostic’s photos veer from dark mediteranean skin tone with messy hair. In Germany a reward has been posted offering 5,000 euros which shows the same thief with a softer complection. The man is understood to be posing as a wealthy banker.
So far, even with these two recent arrests, investigators have been unable to uncover what happened the huge heists of stolen diamonds from a number of thefts believed to be connected. Authorities in Paris say the Pink Panthers have stolen diamonds worth over $130 million in operations spreading the globe from Dubai to Geneva, Tokyo, Paris and France.
Their nickname ‘Pink Panther’ was coined by English investigators when one suspect there hid a diamond worth over $650,000 in a pot of cream. A similar rue seen in the famous movies “Pink Panther” starring the now deceased Peter Sellers.
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June 5th, 2009 From admin
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Work Resumes on the new International Gem Tower in the Diamond District of New York. The city of lights had originally approved the project back in 2006 but was delayed for a number of reasons including design disputes, planning and budget.
Demolition of a six towers and building in and around the current diamond district begun during 2007. Construction company workers then continued to excavate the building site in 2008 by pouring the first concrete for the foundation walls during a public relations ceremony.
The building will house hundreds of wholesalers, importers and retailers specializing in all kinds of precious gems including engagement rings, settings and rare gems from around the world. The center aims to be a mecca for the diamond industry.
The official Diamond Gem Tower developer, Gary Barnett, was not able to use the term “ground breaking” last week though he did describe this “first-phase” of building the 34-floor International Gem Tower, on the south side of 47th Street between Fifth Avenue and Avenue of the Americas. In front of national and international television crews and reporters a crowd of thousands of spectators including diamond dealers and tourists witnessed what turned out to be a great marketing and photo opportunity for Barnett and current New York Mayor Michael R. Bloomberg.
The building is planned to be open by 2012 though no firm and fixed date has yet been set.
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March 30th, 2009 From admin
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Working with Insurance companies can become very tricky when it comes to replacement of lost or stolen
jewelry. We hope the following tips will help you make the right decision on why, what, how and how much to insure your diamonds for.
After you’ve chosen a beautiful piece of jewelry, your next decision should be how to protect it. The standard homeowners policy provides only limited coverage for jewelry, often excluding breakage or loss. With specific jewelery insurance you’re completely covered. What diamond jewelry insurance generaly covers; loss, theft, mysterious disappearance and damage.
We suggest periodic inspections of your insured items. Why, you ask? There are two major reasons.
1. While insurance does not cover normal wear and tear of your jewelry, you’ll have peace of mind knowing that during inspections, your jeweler can identify small problems - such as loose stones, worn prongs, and faulty clasps - before they become bigger ones.
2. Most jewelry values increase over time, so routine inspections are important for maintaining current values and adequate insurance limits. (Inspections also are a great opportunity to have your jewelry cleaned)
The cost of insurance is based on the jewelry’s retail replacement value and the state and county where theperson who wears the jewelry lives. We advice that if you’ve not already got your bling covered, that you start shopping around for prices today! Better to be safe than sorry, better to spend a little in protection than face a huge bill for replacement.
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March 22nd, 2009 From admin
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Main Diamond is 0.22 carat G VS1, the remaining diamonds are 91 diamonds 0.50 carat F VS1.
Appraised Price: $3,000 / UK£2,097
Our Price: $1,800 / UK£1,258
You save: $1,200 / UK£839
Diamonds-USA.com Offers:
- Safe & Secure Shopping - we’ve been online since 1997!
- Thousands of Exclusive Designs
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- Pay Only After You Receive the Jewel.
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February 23rd, 2009 From admin
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The world of Jewelry Manufacturing is right now entering a phase of evolution, the old arts of sketching, modeling, reviewing and restarting that long time consuming process until satisfaction are disappearing.
For years already the designers of most of our jewelry have called upon the power of CAD based computer systems to quickly sketch 3d models of new classic and modern designs. This takes place before the time and budget consuming process of 3d modeling to see how it would look in reality. At that point an approval can be secured and the item can go into full jewelry production.
Today the world of technology has taken strides in the development of 3D Printing for Jewelry Manufacturing. Companies such as Object Geometries have produced a desktop 3D printer solution that offers an exclusive combination of high-quality, finely detailed models in a compact, office friendly system.
Based on proven technologies and compounds, the PolyJet™ Photopolymer Jetting technology, creates true-to life parts of any kind with extreme accuracy in a matter of minutes. No need to send CAD sketches away and wait weeks for a 3d model to be returned (at great expense). Now 3d Print Modeling is as easy as paper printing!
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December 11th, 2008 From admin
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If your wives are anything like mine, then you’ll not get away with a box of chocolates or pair of pink fluffy slippers for Christmas. Whilst my wife does not have expensive or lavish demands, she has an unmistakable glow when I splash out to buy her something really special. Whilst gifts do not maketh the marriage, there’s nothing like a little materialism to fast track some joy and glee around this time of year.
My favorite gift to buy her is earrings, for her it’s not shoes to collect (which is fortunate because we just don’t have the space for them) she loves earrings, drawers full of them. In every color, design shape and size. In one particular drawer she keeps her ‘special’ earrings, all bought by my and all sporting a sparkling diamond.
This are the diamond earrings I picked out for her for her last Christmas present, this year it may be something similar.
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November 29th, 2008 From admin
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Luckily my dear wife is not a blogger or a blog follower, so she’s unlikely to read this, so I’m counting you to not let the cat out of the bag. I spend late last night browsing though the web history on our home pc to see what diamond items she’d looked at the most. It didn’t take long to see which item she seemed to prize the most.
For the Christmas, I’ve bought her this
Please keep this to yourself, I’m only really sharing it here so you can get some tips on how to buy your wife the perfect gift without her knowing, the gift she chooses for herself.
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November 23rd, 2008 From John
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We blogged earlier in the month that diamonds are one of the safest investments during this time of crisis, whilst we still back this claim in the long run, we felt we should give you this update:
This week, according to PolishedPrices.com, the price of diamonds has in fact fallen b 10% since august. At the rough diamond end of the market, in which miners sell to diamondaires, industry-watchers are talking about even greater falls as people pay less for jewelry and diamondaires find it harder to borrow cash to buy gems.
So, perhaps even more so, we’re now entering a buyers market for diamonds. As we approach Christmas and Thanksgiving we should take a moment to be thankful for the beauty that is diamonds, and what better way than an end of year investment in the sparkling gem.
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November 17th, 2008 From admin
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In this time of corporate consolidation there is always those who are brave enough to grow and develop, strengthening their position rather than cutting back and becoming more vulnerable to market forces. Graff, one o f the leading diamond dealers in the UK this week made a significant investment (4.5%) in Gem Mining. The following story was reported in MiningWeekly
Graff bought 2,824,744 shares in Gem Diamonds as an investment and confirmed that he did not intend to make a formal offer for the company, the report said.
“Graff intends to be a long-term investor,” Gem Diamonds said in a statement distributed by London’s Regulatory News Service.
In 2006, Graff acquired the 603 carat Lesotho Promise, which is the world’s fifteenth-largest diamond ever found; and in 2007, he bought the 493 carat Letseng Legacy, the world’s eighteenth-largest diamond ever mined. Both diamonds came from Gem Diamonds’ Letseng mine, in Lesotho.
“Gem Diamonds is an excellent company that produces some of the finest diamonds in the world today. Our investment in the company reflects our confidence in its fundamental value and in the management’s ability to realize this value for shareholders from its asset base. We are also very much looking forward to talking with the management of Gem Diamonds to explore ways of working together fruitfully,” said Graff
