Gold along with Silver and Platinum are trading multiyear lows while we are writing this article. And we always see this as an opportunity for our customers to come by our stores and buy what they have either been planning or have desired to have.
Gold hit its lowest level since February 2010, after a low of $1088 an ounce yellow metal recovered a bit and was trading at $1105 an ounce.
Platinum was even worst hit and sunk below $1000, its lowest in the last six years. Reason sited for this is a perception that supply was increasing while demand was low. At day’s end it was traded at $980.
Silver was trading at $14.83 which is the lowest price for silver in the last six years. Silver seems to have been affected in general by the weakness of precious metal and commodities.
We are looking forward to seeing you at our store. We have a huge selection of bridal rings, engagement rings, earrings, pendants etc.
A Russian laboratory-grown diamond manufacturer, New Diamond Technology, is claiming it has produced a 5.11-ct diamond, the largest man-made, polished, near-colorless stone ever produced.
This process is called Microwave Plasma Chemical Vapor Deposition, where carbon atoms are layered on top of an initial diamond ‘seed,’ fast-tracking a natural process lasting many millennia to a matter of months. And because these stones are lab-made, they’re good for the environment and are free of the ‘blood diamonds’ stigma that’s so tainted their traditionally-mined counterparts.
Diamond Experts familiar with diamond growing, say that it is an impressive achievement, but wondered whether it could be repeatable and also questioned what the stone would fetch commercially.
New Diamond Technology says it has a “new approach” that allows it to produce lab-grown gems with higher colors and clarity from its factories in Russia and Hong Kong. It said that it can produce gems ranging from 4 to 11 carats.
Company President Tamazi Khikhinashvili says that their diamonds are “more affordable” as compared to natural diamonds. He says the company has sold lab-grown gems to customers in Europe, Asia, and the United States.
It’s hard to argue when Sotheby calls it Ultimate Emerald Cut Diamond with size of 100.2 ct. color D and internally flawless. Sotheby will auction Ultimate Emerald Cut on April 21st at Magnificent Jewels Sale in New York City; not very often we see a diamond of this size being auctioned.
Gary Schuler, head of the Sotheby’s jewelry department in New York said in a statement “The color is whiter than white, it is free of any internal imperfections, and so transparent that I can only compare it to a pool of icy water”. He describes this 100.2 ct. diamond as “the definition of perfection”
Lisa Hubbard, chairman of North & South America for Sotheby’s International Jewelry Division, said in a statement “It has everything you could ever want from a diamond. The classic shape begs to be worn, while the quality puts it in an asset class of its own”.
Originally mined by DeBeers in Southern Africa, when found it weighed more than 200 ct. in the rough. It took over one year for current owner to study, cut and polish it. Less than one percent of the world’s diamonds are Type IIa, and they are the most valuable of all diamonds.
Ultimate Emerald Cut is expected to fetch between $19 million and $25 million. The diamond will be exhibited in Dubai, Los Angeles, Hong Kong, London and Doha, before returning to New York for exhibition in April.
Crater of Diamond State Park is 911 acre Arkansas State Park in Pike County, Arkansas. Out of this 37.5 acre which is world’s only diamond bearing site open to public. More than 75,000 diamonds have been discovered in the field since 1906 which includes worlds only perfect diamond discovered, the Strawn-Wagner Diamond.
It was a lucky day for Mr. Dean Filppula, an offshore steward from Shreveport, LA who visited the park during vacation after a rainstorm. He found “wedge-shaped light yellow stone about the size of an English pea” in the West Drain area of the park. He is calling this 2.01 Ct diamond after his mother’s initials as “Merf Diamond”.
Park interpreter Wayman Cox says Mr. Filppula was at right place at right time. It rained heavily before his visit, which washed loose soil from surface uncovering the large yellow gem. His store is very familiar to many visitors in past who have found diamonds.
Mr. Filppula found his 20th diamond, but it is largest one found so far in 2015. He is planning to sell the diamond.