Arkansas Crater of Diamonds State Park is a very popular tourist attraction near Murfeesboro, Arkansas. The crater of diamonds state park is one of its kind, the worlds only public owned diamond prospecting and mining site. Visitors are allowed to search for diamonds and other gems in the 37 and 1/2 acre feild. On Saturday […]
Author Archives: Dr Shihaan Larif
Many people lined up in downtown Tokyo today (Monday) for 5000 free diamonds from the French jeweler Mauboussin . This was part of a publicity campaign and an attention seeking drive for diamonds in Japan.Each of the diamond weighs 0.1 carat (10 points). The present value of each diamond is said to be about US$ […]
Tiffany and Co. said to be the world’s second largest luxury jewelry retailer had a 62% fall in profits in the first-quarter, attributed to the global economic downturn. Their sales in the U.S took the worst hit compared to their sales abroad. U.S consumers have been moving away from purchasing luxury items. The net income […]
FACETS 2009, Sri Lanka’s International Gem and Jewellery Exhibition is to be held from 3rd to 6th September 2009. Held annually in Colombo since 1991 with state and private sector patronage, FACETS Sri Lanka 2009, the 19th International Gem and Jewellery Show will have hundreds of local and foreign exhibitors showcasing their gem and jewellery […]
Borro .COM a leading UK based online pawnshop is trying to cope with increasing cusomer demands by raising 5 million pounds provided by investors. Some of the disclosed investors include Kreos Capital, Eden Ventures and the European Founders Fund. According to the CEO of Borro, Paul Aitken, there has ben a steady increase in demand […]
Due to the economic downturn many rappers have resorted to buying imitation jewelry instead of the original stuff. Rap artists have to live up to expection of their culture of wearing expensive jewelry and accessories which are usually diamond studded. They are also well known for wearing heavy gold and silver chains. According to Jason […]
Rio Tinto, the owner of Argyle diamond mine is to cut 121 jobs at the mine located in the Kimberly region of Western Australia. The 121 workers include 87 company employees and 34 contractors. Mr Kevin McLeish the chief operating officer of the company states that” the new job cuts are to do with their […]
The Indian diamond export industry has been growing at 5 to 6% over the last few years, but has dropped by 8% in 2008/09 when compared to 2007/08 (US$ 13.02 billion to 14.2 billion).This drop has been attributed to the fall in demand in the United States and Europe due to the global economic meltdown.Diamond […]
When completed the tower will look like in the photo above (artistic remake). Photo credit Extell Development Company On Tuesday 19th May, New York Mayor, Michael Bloomberg unveiled a new 32-storied diamond tower and 750,000 sq feet. New York is a one of the leading centers of the gem ,diamond and jewelry trade and it […]
Petra diamonds a London based company has suspended the Kono project in Sierra Leone, due to the fall in diamond prices. The mining region is the Kono district in the Eastern Province of Sierra Leone. The Kono project is a trial mining project, a joint venture with Stellar Diamonds Ltd. Funding for the project is […]