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 exports account for over 75% of the total income from the gem and… Continue reading
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 respectively. Lewis Hamilton is the 2008 world champion.
This… Continue reading
Photo above: Hasitha Tillekeratne, Chairman of the National Gem and Jewellery Authority (right) handing over a cheque for Rs 92.49 million to Sheriff Rahuman (left) Director Lanka Gemmological Laboratory Private Limited.
Sri Lanka is set to start a fully equipped state of the art gemmological laboratory in accordance with international standards. The laboratory is to be formed jointly with the state and private sector.The initial funding… Continue reading
Photo above is a snapshot of the recently introduced News Section of Internet Stones.COM. It is hosted on a sub-domain of our main website. news.internetstones.com
Internet Stones.COM is the leading organization in Sri Lanka dedicated to the development of the gem and jewellery industry in Sri Lanka and worldwide. We provide up to date news from the gem and jewellery industry in Sri Lanka… Continue reading
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 is thought that the tower will keep it competitive in… Continue reading
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 solely by Stellar Diamonds Ltd.
“This decision will be… Continue reading
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 breaking sale because it fetched the highest price per… Continue reading
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 (Canary yellow).
Natural fancy intense yellow diamonds… Continue reading
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 Continue reading