About a month ago, we posted about the Pink Star diamond, a 59.6-carat diamond that was expected to sell for at least $60 million at a Sotheby’s auction in Genevathis month. The Pink Star was mined in South Africa by De Beers in 1999, where it was originally named the Steinmetz Pink. It is one of […]
China’s Booming Gold Market
Posted on November 12th, 2013 by Joe G
China’s total gold demand is projected to reach 1,000 tons in 2013. In order to support that demand, a gold vault, able to store up to 2,000 metric tons, opened this month in Shanghai. This is the largest vault built for Malca-Amit Global Ltd., a Hong Kong-based company. It could hold bullion worth about $82.5 […]
A Souvenir to Truly Remember
Posted on October 25th, 2013 by Joe G
It’s tradition to bring home a souvenir from vacations, whether it be a magnet, a key chain, or…a 3.85-carat diamond? A 14-year-old girl from Oklahoma was digging with her family at Crater of Diamonds State Park in Oklahoma when she saw something interesting. Upon closer observation, she realized it was a canary diamond about the […]
Christie’s Jewel Auction
Posted on October 17th, 2013 by Joe G
Two colored diamonds raked in $10.3 million at Christie’s New York Magnificent Jewels auction Tuesday. Among the items up for sale? The diamond engagement ring given to Kim Kardashian by ex-husband Kris Humphries. Humphries’ ring (pictured), originally purchased for $2 millions, sold for $749,000 and was the 12th highest result in the sale. The top […]
Gold and Diamonds Make a Nice Addition to Any Wardrobe
Posted on October 16th, 2013 by Joe G
The Aztecs call gold “teocuitlatl” which, when translated, means “excrement of the gods.” Although gold has been used and treasured for centuries, more than 90% of all gold has only been mined since 1848. In that year, prospectors found gold at Sutter’s Mill, California, sparking the most massive gold rush of all time. Nowadays, gold […]