8 October 2007

The discovery over a month ago of what was believed the "world's largest diamond" has come to a close. Brett Jolly, a British property developer, has denounced the stone stating that it is simply a piece of plastic.

Jolly believes that his former associates claimed they had discovered the 7,000 carat diamond as a means to persuade Jolly into buying the land located in South Africa's North West where the "diamond" had allegedly been found. Jolly told the Guardian that he believes the fraud allegations were an attempt to make an empty mine appear economically viable.

Eager to know more   "WORLD'S LARGEST DIAMOND" TURNS OUT TO BE PLASTIC

The Princess Diana's wedding gown, embellished with gold thread , goes on display at Powerhouse Museum in Australia. The first glimpse of Gold-threaded Princess Diana wedding dress was a magical moment 

The dress is composed of hundreds of metres of the finest, handwoven ivory silk taffeta and tulle, antique lace stitched with pure gold thread, embroidery garnished with more than 10,000 pearls and mother-of-pearl sequins. The gown also features a diamond-studded 18-carat gold horseshoe to hold the princess's "something blue" in place – a tiny blue bow.

Diana's gold, suede and lace shoes, as well as her wedding veil, will also be included in the display, which marks the first time that the Althorp Estate exhibition has travelled to Australia.

None of the wedding garments have been worn since July 29, 1981, the date of the famed royal wedding

Eager to know more Princess Diana News  Diana's fairytale dress

World Gold Council and AngloGold Ashanti in association with Tanishq and Rand Refinery today announced the launch of their unique initiative ‘AuDITIONS’. Hailed as the Oscars of Gold Jewellery Designing worldwide, AuDITIONS is India’s first and only Gold Jewellery Design Competition.

AuDITIONS is the world’s largest gold jewellery design competition held across Brazil, South Africa, China and the Middle East. Positioned as the global benchmark of cutting edge gold jewellery design, the competition confirms that gold is going through a major metamorphosis.

Diamond producers' shares have trailed mining companies since early 2006 as an abundance of gemstones weighed on prices. Now the outlook is brighter, says Evy Hambro, who runs the world's No. 1 metals fund.

Stockpiles have tumbled 75 percent since 2000, Canada's National Bank Financial said in a July report. No new mines are scheduled to start production in the next three to five years, according to RBC Capital Markets. At the same time, annual incomes in India and China, the two fastest-growing diamond markets, are rising as much as 18 percent.

"The supply and demand fundamentals are very supportive for prices," said Hambro, the London-based managing director of BlackRock's World Mining Fund, which has $10.2 billion in mining assets. "We see dwindling stocks and a shortage of new mine development."

Aber, Gem Diamonds and Shore Gold, the world's three biggest diamond mining companies by value, have trailed the Bloomberg World Mining Index's 39 percent gain this year

Demand for polished diamonds "will increasingly be driven by the faster-growing countries," he said.

India processes 11 out of every 12 of the world's diamonds, accounting for 80 percent in terms of volume.

Read more at    Demand for diamonds growing in China and India

Gold eyewear will be among the items available to buy at a private sale to be held by Paul Yaxley Luxury Eyewear in September.

The event, on September 5th, will be at London's Royal Exchange in Threadneedle Street. White, yellow and rose gold frames will be up for sale, the Harley Street-based company has announced.

"Spectacles are jewellery for the face and our private sale gives discerning individuals an unparalleled chance to obtain high quality gold eyewear, with some rare and unusual pieces that will enhance their personal style," qualified optician Paul Yaxley said.

Porsche Design, Gold and Wood, Lotos Gold and Lindberg Precious are among the European designers whose glasses the company has said feature among the collection that is up for sale.

Prices of the spectacles begin at around £1,000 and go up to £10,000, while Mr Yaxley will be on hand to advise potential purchasers about their acquisitions.

Know more at  Gold eyewear on sale in London