Homeless Man Receives Diamonds with Change

In Pontiac, Michigan, A homeless man in southeast Michigan received not only bits of change but also a gold ring laced with diamonds.  

The homeless man, Michael Secaur, was panhandling at an intersection in Pontiac on Monday when a woman, who pulled up to give him change may have accidentally given him the gold ring.

The homeless man was thinking about pawning the ring but he though he would only receive $20 to $50 for it so he decided that it would be worth more for the woman to have it.

The homeless man states that he will give it back to the woman if he saw her again, but for now he has the ring in a safety deposit box in the shelter he is staying at.

http://www.msnbc.msn.com/id/41783645/ns/us_news-wonderful_world/

The World's Most Expensive Purse

Valued at $3.8 million, the "1001 Nights Diamond Purse" has been officially crowned by the Guinness Book of World Records as the world's most expensive purse.

The bag is encrusted with 4,517 diamonds, comprised of 105 yellow, 56 pink, and 4,365 colorless diamonds. The total carat weight of those diamonds on the heart-shaped bag come out to a grand total of 381.92 carats.

It took 10 artisans 1,100 hours to handcraft and create the purse from 18-carat gold over a period of 4 months

The 1001 Nights Diamond Purse was created by Pascal Mouawad, co-guardian of the House of Mouawad founded in 1890. "The Mouaward 1001 Nights Diamond Purse is designed to mesmerize with its lavish attention to detail and elaborate workmaship incorporating thousands of diamonds," said the Dubai-based designer.

Mouawad and the jewelry design house have created several objects heavily encrusted in diamonds before, including the Very Sexy Fantasy Bra for Victoria's Secret.

The diamond purse sat on display at the Doha Jewellery and Watches Exhibition over the weekend of February 20.

All That Glitters Exhibit at the San Diego Natural History Museum

This exhibit is guaranteed to be exciting and interesting with a stunning selection of spectacular natural mineral crystals, exquisite jewelry, and works of art.

On display are California’s own treasures including: benitoite, gold, kunzite and morganite.

See objects on display for the first time ever and see stunning gems and jewels on loan from major U.S. museums including: The Smithsonian, The American Museum of Natural History, The Newark Museum of Decorating Art, Gemological Institute of America (GIA), and Harvard University Mineralogical Museum

This exhibit is to last from May 15, 2010 through April 8, 2012 but please check with the San Diego Natural History Museum for Admission and Dates

http://www.sdnhm.org/exhibits/allthatglitters/

Demand for Diamonds brings Good News to Petra

Diamond prices have recovered beyond 2008 pre-recession levels thanks to a limited supply, a rebound demand in Western countries, and a zealous market in the growing middle classes of India and China.

Generally speaking, this bit of good news benefits diamond miners; but particularly Petra, the largest pure play listed diamond miner, makes one of the largest gains as a result of rising diamond prices.

Somewhere between 80% - 90% of the world production of diamonds is used for jewelry, as measured by value. Rough diamonds worth around $10 billion per year get turned into reail jewelry sales worth six or seven times as much.

After several acquisitions, Petra now has seven producing mines. Six of those are in South Africa, of which Petra (in cooperation with Black Empowerment partners) owns between 70% - 74% of each mine. Petra has a 75% interest in its seventh mine in Tanzania.

The Cullinan mine brought 80% of the half year's output of 582 thousand carats, dominating in production out of all the mines.

Source: Yahoo!

Argyle Pink Diamonds Debut in Mumbai

The famous argyle pink diamonds debuted at the Nirav Modi salon in Mumbai. The debut featured a signature piece, The Shalimar Ring, which features 4.86 Carats of Argyle pink diamonds with a 1.25 carat pink round diamond centerpiece. The ring is valued at approximately $2 million.

http://www.rapnet.com/News/NewsItem.aspx?ArticleID=34433&ArticleTitle=Argyle+Pink+Diamonds+Debut+at+Nirav+Modi+in+Mumbai 

A New Jewelry Collection That Combines Classic and Modern Design

http://shop.ivankatrumpcollection.com/

A new jewelry collection that combines heirloom and modern design is released in Toronto’s flagship jewelry store, Birk’s on Bloor. This new line of Jewelry labeled, “The Ivanka Trump Collection,” features tassels, Deco-inspired diamonds, black onyx, white agate, mother of pearl and rose gold. This collection is priced to range from $500.00 up to $24,000.00.

http://www.rapnet.com/News/NewsItem.aspx?ArticleID=34294&ArticleTitle=Ivanka+Trump+Jewelry+Now+Available+at+Toronto+Birks