Archive for June, 2009
Ever wondered where the gems that make up your stunning diamond hinged earrings came from? and I don’t mean which store they were bought from. I often wonder how old the diamonds are, where and how they were formed and indeed how many civilizations have come and gone in the time my rocks have been in existence.
Why do I think this, well, I’m not just sentimental, nor a science geek. Being in the industry the natural value and charm of a diamond is always on my mind. Recently scientists have come a little closer to understanding the origins of our sparkle and bling.
At least once in Earth’s history, global warming ended quickly, and scientists have long wondered why. Now researchers are reporting that the abrupt cooling — which took place about 12,900 years ago, just as the planet was emerging from an ice age — may have been caused by one or more meteors that slammed into North America.
The hypothesis has been regarded skeptically, but its advocates now report perhaps more convincing residue of impact: a thin layer of microscopic diamonds found in rocks across America and in Europe. At each of the 30 sites the scientists looked at, the diamond layer in the rocks correlates to the date of the hypothesized impact. Within the layer, the scientists report finding a multitude of diamond particles, all encased within carbon spheres. “We’ve yet to find a single diamond above it,” Dr. West said. “We’ve yet to find a single diamond below it.”
Tennis star Andy Roddick married his swimsuit model sweetheart Brooklyn Decker in a twilight ceremony at his luxury home in Austin. Roddick and Decker began dating in 2007 after Roddick saw her a model shoot in a well known magazine. “I think they knew that from the moment they met that they were perfect for each other,” a friend said. After their first date, he bought her a stunning pair of diamond stud earings and they never looked back.
The famous sporting couple originaly met back in 2007 after the tennis champion saw images of Brooklyn in leading magazine Sports Illustrated. The Swimsuit edition famed for its star making of models included a feature on his soon to be bride. A source said that Roddick demanded his agent find her phone number. After a short intense relationship they announced their engagement in March 2008.
In the USA, the government has auctioned over 600 diamonds with a crime history. It’s not as easy as it used to be to buy what the government sells, especially during economic downtime’s when the treasury looks to fund its extravagant stimulus packages. Which is why when it comes to the government selling tangible goods, the news is good since the value is easier to judge.
Lat month, 605 loose diamonds were auctioned off under the stunning crystal chandeliers of the Grand Ballroom in the New Yorker Hotel. The diamonds have a checkered history, some have always been loose, whilst others spent time set as diamond hoop earrings and diamond necklaces.
The 605 diamonds that were divided into more than 100 lots, had once belonged to Roman and Eduard Nektalov, a father-and-son business which bought and sold diamonds in Manhattan. In 2002 they were were targets of the infamous Operation Meltdown, an FBI investigation into the laundering of drug money. In 2003, the two men, members of a prominent family of Bukharian residents, were arrested after trading the diamonds, unbnkown to them to a undercover FBI agent. It’s beleived the deal would have been worth over $500,000 cash had it been legitimate.
By the end of the day, the auction brought in nearly $750,000.
Police in Paris and international investigators hope that the recent arrest of two ‘Pink Panther’ diamond thiefs may shed some much anticipated light on a number of heists over recent years.
In Paris, the posters for one of the thieves still wanted “Zoran Kostic” show images of a fugitive who investigators believe may hold the key to breaking and uncovering a huge international network of globe-hopping jewel thieves with a taste for jewels including chunky diamonds, diamond stud earrings and diamond necklaces. Zoran Kostic is believed to be the main ring leader and tops the list of Pink Panther theives still at large.
The Interpol poster shows his eye color as green. Mr. Kostic’s photos veer from dark mediteranean skin tone with messy hair. In Germany a reward has been posted offering 5,000 euros which shows the same thief with a softer complection. The man is understood to be posing as a wealthy banker.
So far, even with these two recent arrests, investigators have been unable to uncover what happened the huge heists of stolen diamonds from a number of thefts believed to be connected. Authorities in Paris say the Pink Panthers have stolen diamonds worth over $130 million in operations spreading the globe from Dubai to Geneva, Tokyo, Paris and France.
Their nickname ‘Pink Panther’ was coined by English investigators when one suspect there hid a diamond worth over $650,000 in a pot of cream. A similar rue seen in the famous movies “Pink Panther” starring the now deceased Peter Sellers.
Work Resumes on the new International Gem Tower in the Diamond District of New York. The city of lights had originally approved the project back in 2006 but was delayed for a number of reasons including design disputes, planning and budget.
Demolition of a six towers and building in and around the current diamond district begun during 2007. Construction company workers then continued to excavate the building site in 2008 by pouring the first concrete for the foundation walls during a public relations ceremony.
The building will house hundreds of wholesalers, importers and retailers specializing in all kinds of precious gems including engagement rings, settings and rare gems from around the world. The center aims to be a mecca for the diamond industry.
The official Diamond Gem Tower developer, Gary Barnett, was not able to use the term “ground breaking” last week though he did describe this “first-phase” of building the 34-floor International Gem Tower, on the south side of 47th Street between Fifth Avenue and Avenue of the Americas. In front of national and international television crews and reporters a crowd of thousands of spectators including diamond dealers and tourists witnessed what turned out to be a great marketing and photo opportunity for Barnett and current New York Mayor Michael R. Bloomberg.
The building is planned to be open by 2012 though no firm and fixed date has yet been set.