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 […]
Images courtesy McLaren For four consecutive years Vodafone McLaren Mercedes and Steinmetz Diamonds are team partners for the Monaco Grand Prix. On Sunday 24th May two drivers for the team will be wearing the custom made diamond studded helmets. The two drivers Lewis Hamilton and Heikki Kovalainen are the world No 1 and No 2 […]
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 […]
Mr Joseph Lau Luen-Hung, a Hong Kong based tycoon is the owner of the record breaking US$9.5 million 7.03 carat blue diamond sold on the 12th of May 2009. He is collector and real estate businessman, chairman of Chinese Estates. At the time of the sale he remained anonymous, bidding by telephone.It was a record […]
Photo Credit: David Moore. Golden Eye Diamond.COM A rare yellow diamond is to be auctioned by the United States Government. The diamond known as the Golden Eye Diamond is said to have a history of over 100 years. The Golden Eye Diamond is a 43.51 carat cushion cut, internally flawless , intense fancy yellow diamond […]
A 7.03 carat fancy vivid blue , internally flawless cushion cut diamond was sold for a record breaking price of US$9,488,754- approximately US$9.5 million (6.2 million pounds or 10.5 million Swiss francs) on the 12th of May 2009 at a Sotheby’s auction at Geneva, Switzerland.
This has set a new world record price for any gemstone sold at an auction, ie US$1,349,752 per carat. The previous record