Archive for August, 2007
Fancy a diamond-encrusted cellphone for $3.5 million, or a gold-plated, musical Swiss watch costing more than $2 million? The Chinese do, they have advanced so much economicly that they now hold a Luxury Items fair.
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Hundreds of wealthy Chinese — many of them dressed casually in sportswear or slippers, and indistinguishable from pedestrians on the streets outside — crowded the exhibition hall, looking for ways to spend their money.
“The rich people here are still learning about global brands. We’re helping them to understand the lifestyle and how to live it,” said David Zhong, one of the organizers of the exhibition.”
To Read More about this phenonemon you can find the full story HERE.Â
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The first thing you need is $300 Million. For Alan Bond it wasn’t too difficult. For those of you who don’t know who he is here are some facts.
Alan Bond (born in 1938) is an Australian businessman famous for high-profile business ventures, including what was at the time the biggest corporate collapse in Australian history, and for which he was convicted of fraud and sent to jail. Bond was born in the Hammersmith district of London, England, and emigrated to Australia with his parents and sister Geraldine in 1950. Beginning his career as a signwriter he formed what was to be Bond Corporation in 1959. He became a public hero in his adopted country after bankrolling challenges for the yachting trophy the America’s Cup, which resulted in his selection as Australian of the Year in 1978. He finally won the trophy (which had been held by the USA since 1851) in 1983.
His recent purchase of a diamond mine has sent waves around the investment community in Australia. Read the full story at http://www.news.com.au/couriermail/story/0,,21836418-5007190,00.html
A diamond ring is an investment and it should be protected properly. Diamonds are small items that can easily be lost or stolen so when purchasing insurance for a diarmon or ring make sure that it covers as many eventualities as possible.
Here is a great How To Guide for purching Diamond and Jewlery Inssurance
http://www.missiontimescourier.com/article.cfm?articleID=1960
If you are a reader of this blog than you know that people are nuts about diamonds and especially nuts about covering things with diamonds. The artist Damien Hirst has covered an actual human skull completely with daimonds and his fan are going crazy for it. People have already bid up to $50 million dollars U.S. to own the unusual piece of art/jewelry.
