Gitanjali in race to buy US jewel major Whitehall for about Rs 400 cr

Gitanjali Gems, a leading jewellery retailer, is understood to be in the race to buy the US-based jewellery retail chain Whitehall Jewellers
Holdings, which filed for bankruptcy recently. The deal, if concluded, will be in the range of Rs 350 crore to Rs 400 crore, sources said.

Gitanjali’s bid for Whitehall is part of company’s move to strengthen its foothold in the US—the world’s biggest organised jewellery market. US diamond jewellery sales account for about 50% of the global diamond jewellery sales. Diamond jewellery sales comprise 55% of total jewellery sales in the US.

Gitanjali executive director GK Nair declined to comment specifically on the deal, but he reiterated the company’s strategy of growing through the acquisition route. “We have great interest in the US market and are looking to expand our operation in the US through the M&A route. We have enough cash on the balance sheet, which no other company in the industry in India has. We can leverage our balance sheet for any possible acquisitions,” he said.

In 2006, the Rs 2,600-crore company had acquired US-based Samuels Jewellers, which was one of the first acquisitions by an Indian firm in the global jewellery retail space.

Whitehall, controlled by private equity firm Prentice Capital Management, is the latest retailer to seek court protection from a US bankruptcy court, as the sagging US economy restricts consumers’ discretionary spending. A court filing says that the company wants to sell itself by July 18.

The US player operates 373 retail stores in 39 US states under the Whitehall and Lundstrom brand names, and employs 2,852 people. Many US-based large retailers have experienced significant losses and decreased sales following the general economic downturn there and tightening of the credit markets, among other factors.

Chicago-based Whitehall said it had lost money and suffered significant negative operating cash flow in each of the last three fiscal years. As part of a turnaround effort, the company had restructured some debt and closed 89 underperforming stores since 2005.

Gold futures to test support levels

Gold futures ended sharply lower on Friday as the dollar rebounded and oil futures declined as global recession curbed demand decreasing the precious metal’s allure as a hedge against inflation. The recessionary fears are yet to show any signs of abatement and, therefore, the dollar should be under pressure. Moreover, the monetary easing underway could lead to serious inflationary pressures going forward which increases the metal’s appeal as an inflationary hed ge. However, near-term deflationary concerns will continue to hamper the demand and gold would tend to move closely with dollar, inversely.

Comex December gold futures moved perfectly in line with our expectations. As expected, we saw a rise above $875, but prices could not sustain at those levels leading to a sharp fall subsequently. As the year comes to a close, we can expect a thin market going forward and along with some exaggerated moves on both sides. Very important support is at $809 now and as long as this level remains undisturbed, there are good chances of this bullishness to remain and probe the higher side.

Unexpected fall below $807/09 could trigger weakness and such a fall could take prices lower again towards $750 levels, which we do not favour. We believe that the third wave could have ended at $1,033 and the fourth wave that we have been tracking could still be in formation and not ended as expected in the earlier updates. The RSI is in the neutral zone, indicating that it is neither overbought nor oversold. The averages in MACD are above the zero line of the indicator again, suggesting a possible bullish reversal. Only a cross-over below the zero line of the indicator could signal bearishness. Therefore, expect gold futures to test the support levels.

Supports are at $824, 810 & 789. Resistances are at $845, 854 & 865

Gold’s fate linked to dollar movement

Even 2008 draws to a close, it is becoming increasingly clear that all commodities market participants - traders, investors and others – will remember the year for the extraordinary price performance, gyrations and volatility. Commodity prices - be they of energy, metals or agriculture - not only hit multi-year record highs at one time, but they also plunged to great depths in a matter of weeks, if not days, precipitating a crisis.

Quite contrary to the first two quarters, in the last quarter, producers, consumers, traders and investors faced daunting challenges in the wake of sharply declining demand, rising inventory and collapsing prices.

Speculators exited the market in a hurry, removing a considerable amount of speculative froth that had developed in many commodities during the bull-run.

What started as global slowdown degenerated into a recession, at least in industrial economies such as the US and the Eurozone. Financial and economic conditions have turned grim. Currency fluctuations, especially that of the dollar, impacted market prices.

There is a widespread expectation that notwithstanding continuing recessionary conditions, commodity prices may largely be bottoming out. From the current levels, further downside risk to prices - crude, base metals, agriculture - seems to be limited. The crisis of confidence continues and may stay for some time.

However, when the process of economic recovery begins, hopefully in the third quarter of 2009 as a result of a series of bailout and stimulus packages, investor confidence may return to the market. Until then of course one must reckon with volatility.

There is also the strong possibility that sizeable output cuts that have been made in crude, steel, copper, aluminium and others will store problems for the future and begin to create a supply bottleneck when demand returns.

However, for the time being cash is still king and poor demand outlook remains the top of market concerns.

With the dollar rapidly weakening against the euro last week, gold prices got a boost and decisively moved above $800 an ounce. Physical demand at lower levels amid less volatile conditions generated support.

On Friday, in the London spot market gold PM Fix was at $835.75/oz, down from the previous days $855.25/oz. Silver declined too to $10.61/oz (AM Fix) from $11.29/oz the previous days.

Going forward, the yellow metal will be clearly influenced by the strength or weakness of the greenback. If the dollar should weaken further, it should provide a strong base for the metal to move higher. However, foreign exchange experts are of the opinion that currency movements in the next few weeks may cushion gold’s upside.

Interestingly, as the prices ruled above $800/oz, many investors exited their long positions on the Comex. No wonder, net fund length is near the lows of June 2007.

According to technical analysts, gold’s uptrend is erratic. It may be tough for the metal to breach $880 levels. The market is holding above short-term support of $829. Below $829 would warn of a deeper pullback towards $782, though even in this scenario the choppy uptrend from October lows is likely to remain dominant force. The medium term view is largely neutral within $700-930.
Base metals

After sliding to fresh lows, base metals prices rallied on news that the US government will give an emergency loan of $17 billion to the US car manufacturers. Other wise, it was terrible week for base metals, with the exception of aluminium and zinc which ended the week higher. Lead prices fell by over 16 per cent week-on-week and tin fell by over 10 per cent.

Outlook for the base metals complex over 2-3 quarters into next year is grim with recessionary conditions and lack of demand growth the main theme. Construction sector and automobile sector, two important metals consuming sectors are facing serious downturn in demand. Inventories are rising. Many producers have responded quickly with output cuts.

Copper is the metal with the largest downside potential from current levels. Copper prices are is still above production costs and miners are still making money. So, there could be further cost-related cutbacks, experts assert.

On the other hand, aluminium, nickel and zinc prices have all fallen very close to weighted average production costs, experts point out, adding copper could dip near to this level at $2,100 a tonne.

Notwithstanding short-term weakness, the longer term outlook for base metals appears positive. This is because not only is output being cut, new investments are being put on hold. This will squeeze supplies when demand returns to the market. There will be supply constraints with concomitant impact on market prices.

Despite announcement of OPEC production cut and drastic decisions in the US monetary policy, crude prices dipped below the psychological $40 a barrel. Demand side concerns have been top of the markets mind. There are as yet no signs of demand revival. The financial crisis and growth concerns may continue for longer time than imagined earlier.

Experts, however, believe, from the current levels, the downside risk to crude prices is limited. Indeed, they are talking about the possibility of over-tightening of the market in the medium term. The supply performance of non-OPEC sources is being closely watched.

Jewellery loses its shine this Christmas


THE country’s gems and jewellery exports are facing the heat of economic meltdown in the US and Europe, as the Christmas orders are down by 15-25% this year, industry leaders said.
“Christmas sales are down 15 to 25% as the major market, the US, is reeling under the financial crisis,” Gitanjali group chairman and managing director Mehul Choksi said, adding that this trend is likely to continue for the next full year.
In the last eight months, there has been a decline in orders as also more of cancellations. The declining trend had begun well before the christmas season.
“There was an average reduction of over 20% in orders for the period April-October 2008,” the gems and jewellery export promotion council said, adding that from November onward, the situation became worse as shipments for November were down 34.25%.
At the manufacturing level, exports of cut and polished diamonds are down 20.18% compared to the same period last year. “The industry has already cut back production by over 25%,” gems & jewellery export promotion council chairman Vasant Mehta said.
The industry is largely dependent upon the US economy and Europe, besides Hong Kong, UAE and Belgium.

Ross-Simons Jewellers

Since 1952, Ross-Simons has made wearing fabulous jewelry an affordable affair. Their fine collection, glinting with diamonds and gemstones, always reflects the latest trends in a colorful, playful way

Ross-Simons History

-1952 Ross-Simons opens its first retail store in Providence, Rhode Island.
-First of its kind to offer consumers quality jewelry and luxury items at affordable prices.
-Company expands with second and third stores in 1975.
-In 1981, the first Ross-Simons catalog hits America's doorstep.


Tips to follow to spot fake bullion

1 - When it comes to gold, ALWAYS buy from a trusted seller. Its just not worth the 10$ you would save if were to receive a fake 900$ coin from a relatively shaddy seller.. Ive been lurking on eBay for several years now and I have never seen a fake or fraudulent account with more than 10 positive feedback, (usualy from accounts with random characters, so obviously fake themselves) . Stick to purchasing your gold from people with over 50 feedback and is 100% positive. This GREATLY reduces your chances of getting a fake gold coin or bar.

2 - Now lets say you just received your coin or bar or nugget. Weight it. Buy a digital scale if you need to and weight the coin, it will be worth it in the long run, these types of scales have multiple uses. (As a reference - [1] ounce of gold, silver, platinum, palladium, etc.. weights 31.1 grams.). After weighting the item, measure it. Google the particular item along with the "dimensions" and measure you item to make sure its EXACTLY the same size. Gold is unique in the way that it is very heavy for its size. A gold coin in noticeably heavy when its laying in the palm of your hand, something that is impossible to immitate if the size is exactly the same.

3 - As a last resort, if you are still anxious about your purchase, you can bring it to a coin shop or a trusted jeweler and have the owner appraise its value.

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Actress Shreya JEWEL AD PICS

Silver Utensils Maintanance

Ever Cared to retain shine of your silver wares? please take these steps to retain the SHINE for Long time

silver will oxidize. Properly maintained silver actually improves with age. It develops a lush patina when treated well.

1. Simply clean with a mild soap and water solution. Pat dry with a soft cloth. If dirt is more stubborn a silver cleaner is appropriate. But don't rub silver with anything other than a polishing cloth or fine piece of felt. Tissue paper or paper towels will cause scratches.

2. Like other jewellery, avoid wearing silver in chlorinated water as this will discolour it.

3. Store your silver jewellery in a cool, dry, dark place. A tarnish preventative bag is a good idea, or wrapped individually in a soft piece of felt or cloth.

4. As air and light cause silver to tarnish, the less of them the better when stored.

Gemstone Care & Maintanance

Retaining the finish and value of your gemstone jewellery is quite easy. It's simply a matter of knowing what and what not to do.

1. The best single piece of advise is to wipe your precious stone jewellery with a clean, soft damp cloth after wearing. This little habit will ensure that your jewellery is always looking its best.

2. When your gemstone jewellery is not being worn, storage in a soft pouch is recommended.

3. There are some things to avoid.
- Salt water and harsh chemicals such as chlorine bleach or detergents can cause damage. The chemicals erode the finish and polish of the gems leaving them dull.Hairspray, perfume and perspiration can also cause dullness if not regularly cleaned off.

4. Because gemstones differ so much, so do their cleaning procedures. It really is best to have your Showcase jeweller advise you on them individually. We can also check its condition and advise you of any repairs that may be necessary to restore its full beauty and value.

Retain DIAMOND's Brilliance (Diamond's Care)

Caring for diamonds is best not left to trial and error. Knowing what and what not to do ensures the lasting brilliance of your diamond jewellery.

1. Because diamonds can easily scratch other jewellery, even other diamonds, the best single piece of advice is to keep your diamond jewellery in a fabric lined jewellery case with dividers.

2. It's not wise to wear a diamond ring when doing rough work. It's hard but it can be chipped.

3. Chlorine bleach can pit and discolour the mounting. Lotions, powders, soaps and even your natural skin oils can put a film on diamonds that cut down their brilliance. But this can be easily rectified. It's simply a matter of cleaning your diamonds fairly regularly.

4. There are commercial jewellery cleaners and ultrasonic ones that clean with a high frequency turbulence.

5. It's smart to have jeweller check wear and tear on the mounting at least once a year.

Source - Popular Websites

Kundan Jewelry

The jewelry of India knows no bounds in its offerings to the modern world. This is because India must be one of the most prolific countries when it comes to making jewelry, whether it be the simple enjoyable ones or the highly delicate ones that are intricate in its designs. There are just many types of Indian jewelry that even the young could find what they want among its offering of beads and shells in interwoven colorful threads. One of the most highly regarded Indian jewelry nowadays is the kundan jewelry.

Kundan jewelry is made of gold that is highly refined and is known as kundan in India. Indian jewelers also have another meaning of the word. For them, kundan is not only the gold that is made into a jewel but also the type of setting on which they set the precious stones. Kundan jewelry is not made of real solid gold. Its center part is made of lac or a natural resin made from hardened tree sap. The jewelry pieces that makes the whole kundan jewelry, which are usually justified into hollow separate halves, are usually handled by separate jewelers or assistant jewelers for its shaping before they are fitted together through soldering. Holes are then bored into the separate halves of the kundan jewelry, once they are fitted together to make the pattern designed by the jeweler. These holes are where the stones are set. Any engraving is done before the hollows of the kundan jewelry are then inserted with lac. Because the lac could still be seen through the holes in front, the highly refined kundan gold is poured on the setting to cover the lac and only then is the stone pushed right into the still pliable kundan.

Kundan jewelry is also one of the old types of jewelry in India because the style on which it was made was used only way back when claw settings were still yet unknown in the country. Then, kundan jewelry had its precious stones were only set in gold and it wasn't only until the nineteenth century that claw settings were introduced and used by the jewelers in India. This was during the Rajastahan empire when kings paid their jewelers handsomely for the exquisite kundan jewelry that they made that called for excellent craftsmanship.

There are now a lot of kundan jewelry available in the market and they could even be bought online. There are spectacularly designed kundan jewelry necklace sets that come with earrings. The most common are those that have uncut diamonds and other precious stones set in gold. Among the commonly used gems in kundan jewelry are emeralds, rubies and sapphires. This kundan jewelry, though, is often just a replica of the original one made in the eighteenth or seventeenth or nineteenth centuries. The original pieces could sell for as much as $200,000 or more per set.

Buying kundan jewelry nowadays may have been made more attainable for those who have deeper pockets as compared to the olden times when only kings and queens could afford them. Having kundan jewelry replicated and sold at lower prices is a welcome alternative for those who could not afford to buy the original antique pieces.

Source -

2nd way to clean costume jewelry

Wondering how to keep your fragile or fine costume jewelry clean? There are plenty of products specifically geared for cleaning costume jewelry. You need to make sure that the cleaner doesn’t contain ammonia, vinegar, or any other acids or alcohols. Read the label and make sure you are using a cleaner safe for whatever material your costume jewelry is made from (silver, gold, brass, bronze, copper, chrome, stainless steel, aluminum, pearls, opals, marble and any gems.)
Don’t use soap and water, because most soaps will leave a residue on the metal and make the stones look dull. Windex can damage delicate stones and finishes. Vinegar is also harmful to the gemstones.
To simply get the dust and dirt off of your costume jewelry, use the softest toothbrush that you can find. Or use a very soft cloth to clean the surface of stones and gold or silver. You’ll want that costume jewelry shining to the best of its ability!
You must thoroughly dry all of your jewelry adornments after cleaning! Keep moisture away from stored jewelry also, because dampness is a culprit that encourages verdigris, rust, pitting of plated metals, and other damaging conditions.
When researching how to clean costume jewelry, it’s also important to find out how often you should clean your jewelry. If you wear it daily or pretty often, then clean your jewelry weekly. For items that you pull out of the jewelry box and wear it only once for special occasions, clean them after you’ve worn them or just before you put them back into storage. To avoid scratching your costume jewelry and other jewelry items, keep them separated from each other in a box, pouch, or cloth.

Courtesy -

How to Clean Costume Jewelry

Keeping costume jewelry in excellent shape takes only a little bit of time and effort. If the jewelry is worn everyday, then cleaning must take place often. If jewelry is only worn once in a while, then preserving during periods of nonuse is the key. Costume jewelry, especially vintage or family heirlooms, take particular care.

Things You’ll Need:
• Cotton swabs
• Baby toothbrush
• Wooden toothpick
• Cleaning solution

Choose a good cleaning solution. Avoid alcohols and acids like ammonia and vinegar. Read the label of the cleaning solution to make sure it can be used with the metal being cleaned.
Use the solution to clean smudges from gemstones and glass. Dab a minimal amount of solution onto a cotton swab, and gently buff the dirty spot. Never soak jewelry in the solution, because moisture breaks down glue, welding and other adhesives bonding jewelry together.
Use a baby toothbrush to gently brush off the jewelry to prevent scratching. The toothbrush will buff and dust the metal parts of the jewelry.
Pick residue out of encrusted areas with a toothpick. Wooden toothpicks are best, since they are gentle and will not scratch the jewelry.
Dry quickly to avoid rusting. Dab the jewelry with a towel. For extra care, blow dry with a hair dryer on a cool air setting

American Indian Jewelry

Jewelry styles were different in every American Indian tribe, but the differences were less marked than with other arts and crafts, because jewelry and the materials used for making it (beads, shells, copper and silver, ivory, amber, turquoise and other stones) were major trade items long before European arrival in America. After colonization, Native American jewelry-making traditions remained strong, incorporating, rather than being replaced by, new materials and techniques such as glass beads and more advanced metalworking techniques. There are two very general categories of Native American jewelry: metalwork, and beadwork. Before Europeans came native metalwork was fairly simple, consisting primarily of hammering and etching copper into pendants or earrings and fashioning copper and silver into beads. After Navajo, Hopi and Pueblo artists learned silversmithing from the Spanish in the 1800's, metal jewelry arts blossomed in the Southwest, and distinctive native jewelry like the squash blossom necklace, Hopi silver overlay bracelets, and Navajo turquoise inlay rings developed from the fusion of the new techniques with traditional designs. Native beadwork, on the other hand, was already extremely advanced in pre-Columbian times, including the fine grinding of turquoise, coral, and shell beads into smooth heishi necklaces, the delicate carving of individual wood and bone beads, the soaking and piecing of porcupine quills, and the intricate stitching of thousands of beads together. Porcupine quillwork has nearly died out (though some young artists are taking a renewed interest in it) but all of these other forms of beadwork are still going strong, though imported Czech seed beads have been the favored medium among many Indian artists for centuries now.

Indian Jewelry

The industry of fashion & costume jewelry has been growing since past few years & is totally in style now. It includes a wide range of products & you can to choose from rings, bracelets, necklaces, pendants and earrings. There are impressive combinations found in fashion jewelry which are simply incredible to look at. You can find lots of imitated fashion accessory stores which are there online.

The only point to keep in mind while purchasing online jewelry is that you must ensure that you're buying from a trustworthy seller. You should find good reputable sellers, having good reputation & who are providing good quality jewelry at best reasonable prices also providing a good reliability without cheating the customers. Sometimes, you can also find good suppliers who are also manufactures who also make custom jewelry designs in fashion jewelry.

Fashion jewelry can be used as a means of expression of some special emotions & is a perfect way to reward yourself for all the hard work you done and to feel proud about your accomplishments in life.
The industry of wholesale Indian imitation jewelry has traveled a long way since past few years and today it can offer some incredible works of art to many customers. No doubt, the fashion world is driven by constant changes and that same thing happens in the jewelry business also.

You can find new trends and designs which appear every day and designers have to be really creative with their ideas. The beauty of fashion & costume jewelry is now preferred by a lot of women. Imitation Jewelry have become extremely popular over these years in fashion world of the women, stylish designs in jewelry making them look sexy.

Women desire to own a collection of designs in fashion jewelry, hence its demand have never decreased but has been increasing since the time being. People with unique personality are the lovers of imitation jewelry as it compliments their personality in a distinct way.

Jewelry being the most lovable among all accessories is one of the best accessories that one can wear with any outfit. If a person wearing a dull outfit, wears a good matching jewelry to it, it can make the person look as the best dressed in the whole party. Jewelry is universal and is very popular among all cultures. There is a wide variety of imitation jewelry found in the market today, with various designs & color stone used.

There are different types of jewelry such as the bead, glass, Korean, Victorian, fashion-imitation, handmade, silver, and gold, diamonds, gemstone, CZ, ethnic jewelry and much more. Buying jewelry can be fun, exciting yet confusing. You can buy jewelry at affordable prices by the wholesaler who supply them.

There are many ways how you can maximize your jewelry without spending much on it, by resizing your ring, whether it is in gold silver or even metal, bracelets can be versatile, if you have a longer necklace, you may be able to use it as a delicate belt to adorn your favorite little black dress, use your bracelet as an extender, make the most of your charms, if you have matching charms, consider adding them to your hoop earrings for an instant dangle. If you have a creative person inside you who can act as a designer, anything creative can be possible !!

Wholesale Jewel
Courtesy - popular blogs,sites

How to clean pearl jewelry

Back when I worked at a jewelry store, a panicked bride came running to me, sobbing. Her mother had given her a set of pearls to wear on her wedding day that had been handed down through generations of women in her family, all of whom wore these special pearls at their weddings. Since the necklace was many decades old, the bride decided to give the pearls a bath -- following the instructions on her jewelry cleaner, she proceeded to ruin her wedding necklace.

Pearls are one of the most fragile gemstones out there. Real pearls are especially delicate, but even simulated ones won't always hold up to standard cleaning methods, as cleansers can cause the dye to flake off or discolor. Whether your pearls are natural or faux, you need to be careful when you clean them, just as you are careful when you wear and store them.

To clean pearls, do not use standard ammonia-based cleansers. Instead, fix a bowl of warm, soapy water, and get an old, soft toothbrush to very gently scrub the pearls. Pat them dry with a soft cloth or towel when you are finished, and they're ready to go. If this doesn't do the trick, take them to a jeweler for a better wash.

If you do accidentally wash the dye right off your faux pearls, it's not easy to re-dye them, because most paints won't stick to the surface of the beads. The one thing that we've learned actually works is shoe dye -- but please don't try this on natural pearls!

Courtesy - wal-land

Jewellery Designs

Source - Popular Jewel Sites, Mail Forwards

Pearl Jewellery

Source - US JEwellery Sites

Crystal Cleansing

When you buy a new crystal, it is recommended that you do crystal cleansing to neutralize the vibrations left by other people. After restoring the crystal to it's original clarity, you can then impress your own pure intentions upon it. Do crystal cleansing periodically especially if your crystals are used for healing to clear away all negativity.

Crystal Cleansing Tips

Sea Salt: Bury your crystal in dry sea salt in a small container for between 7 - 24 hours. Dont's use salt water because it can discolouring the crystal.

Sun & Water: Put the crystal in running water for a few minutes and then place in the sun to dry. Only recommended for crystals not susceptible to fading.

Music: The vibrations of a pure sound can energetically cleanse a crystal and remove the feeling of unpleasantness.

Crystals: Crystal clusters can be used to cleanse crystals. Place your crystals in the center of your cluster for hours and they will be completely cleansed.

Source : Crystalpalace

Crystal Cleaning

Wash crystal gently in water with a little salt. After that rinse them in clean water, and dry. Polishing it with a jewellers cloth if you like your crystals super shiny.

Bonding and Programming Your Crystal

Find a quite place and hold the crystal in both hands, try to feel it with your mind, concentrate on what you want to program into the crystal. This process takes a few minutes.

You can assign your crystals any purpose or desire that you have. The vibration is stored there until you replace it with a new intention.

Source - CrystalPalace

Care For Your Jewellery

1. Always remove jewelry before showering or bathing and never swim with jewelry (chlorine is damaging) If exposed to water, make sure you dry it immediately.

2. Swarovski Crystals and Pearls may be damaged by direct contact with sprays such as hairsprays, perfumes, deodorants or detergents and salt water. Do keep your jewelry away from dust and dirt.

3. Store jewelry in soft cloth or soft pouches separately. Moisture, especially in an enclosed storage space, will tarnish sterling silver, loosen jeweler cement (used for stone setting) and weaken springs and clasps. Anti-tarnish paper is ideal to store with your jewelry.

4. Never use toothpaste or baking soda to clean your costume jewelry... This is too abrasive!

5. To clean jewelry use warm water and a PH balanced soap. Dry thoroughly.

6. If you purchase a commercial cleaning agent, make sure the label states it is safe for gemstones. If you are ever in question about how to clean a certain piece of jewelry, see a reputable jeweler.

7. Do not wash simulated pearls. They should be buffed with a soft cloth.

8. Precious and semi-precious gem stones and beads are porous. The natural minerals these gem stones are made of can chip or crack. Be careful not to hit them on hard surfaces when storing or wearing your gem stone jewelry. Do not expose this jewelry to high temperatures like saunas.

9. Do not use sonic cleaners, boiling water or ammonia cleaners.

10. Enjoy your jewelry, but care for each piece like an old friend.

Source - Web

Gold prices may scale new high in early 2009

New Delhi, April 10 The ongoing secular bull market for gold would sustain itself for at least three more years and the yellow metal would probably make a new high as one enters 2009, according to Mr Joseph M Foster, Portfolio Manager, Van Eck International, New York.

Stating that financial uncertainty and stressed credit markets were driving gold prices, Mr Foster, who manages AIG PB Equity Fund Gold and other gold funds, told Business Line here that the gold market was currently going through a consolidation phase. Gold price hit a high of $1,030 an ounce in mid-March this year.

“Once this phase of consolidation runs its course, more investors will come back to gold and will see it move higher as we approach the year-end and probably make a new high as we move into 2009. In the longer term, all the fundamentals are in place for this bull market to sustain itself for at least another three years in my view. You look at the stress in the credit markets, supply demand picture for gold, it is all very positive for the gold environment,” he said.

Mr Foster was here on the occasion of the launch of AIG’s World Gold Fund, which is an open ended fund of a funds scheme that would invest predominantly invest in units of AIG PB Equity Fund Gold.

The AIG PB Equity Fund Gold invests worldwide in stocks issued by companies engaged primarily in the extraction, processing and marketing of gold.

Meanwhile, on whether he expects the International Monetary Fund’s plan to sell 400 tonnes of gold to affect the market, Mr Foster said that any such move would not have much impact at all.

“First of all we are not sure they (IMF) are going to make the sale, as it has to be approved by the US Congress. In the past every time IMF has proposed to make the sale, Congress has voted it down. That remains to be seen. If they do make the sale, that would be done under the auspices of central bank gold agreement. The UMF is part of the agreement.

European central banks are selling gold under this agreement. The members to the agreement (including IMF) cannot cumulatively sell more than 500 tonnes a year. “So IMF’s plan is already pretty much priced in the market. It would not have much impact at all,” he said.

He also highlighted that the easy monetary policy stance adopted by most central banks, including the US Federal Reserve, was a positive move for gold as more liquidity is pumped into the financial system.

K.R. Srivats

India may soon fix gold prices for global market

Mumbai, April 21 (IANS) India, one of the leading gold consumers in the world, may soon manage to move from being a mere “price taker” to a “price maker” in the world of royal metal. Tired of the wild fluctuations of gold price in the London Bullion Market and its impact on Indian market, Bombay Bullion Association (BBA), in collaboration with Bombay Stock Exchange (BSE), National Multi-Commodity Exchange (NMCE), IT People (India) Ltd and Reliance Money Ltd, has decided to set up its own trading platform for gold.

Though the representatives of the respective partners of the proposed joint venture (JV) denied that the decision had, “anything to do with the recent pole-vaulting of gold price”, they agreed with the the fact that “it’s time we moved from price taker to price maker”.

Asked whether the yet-to-be formed limited company has obtained the requisite permission from the authorities including the Reserve Bank of India (RBI), director and CEO of Reliance Money Sudip Bandyopadhyay said here Monday: “We have not approached them so far but we will be intimating the authorities for necessary clearances. After all, we want to launch it in a month’s time.”

Talking about the trading platform, Bandyopadhyay said the Bullion Spot Market (BSM) will be an over the counter bullion trading platform which would “help jewelers not only in monitoring the international bullion price fluctuations on real time basis, but will also facilitate retail investors in the purchase of gold coins and bars”.

The price fluctuation was a thorny issue for the gold traders. Though India was a leading consumer of gold, a “total helplessness” has gripped the traders in controlling the prices, he added.

Suresh Hundia, president of BBA, said: “That is one of the reasons why because we are launching such a platform. In the proposed platform, we will focus on setting up the gold in line with the blobal market cues.”

“Moreover, it is not just the trading platform which we plan to launch. We also want to set up a hallmarking centre so that it would help us in determining the prices of both gold and silver, the way it is being done in the AM/PM system in London,” he added.

Talking about the functioning of the trading platform, Bandyopadhyay said: “The company itself will not deal with trading but it will just provide a platform, whereby the gold could be purchased and sold off via online and be handled by the IT People, while BSE along with NMCE would look into the global variations and provide the link-up required with the commodities market.”

Talking about the physical distribution, Bandyopadhyay said it would be done through various centres. “As far as we are concerned, we will contribute through our strong retail presence with over 10,000 plus outlets spread across 5,000 towns. In nutshell, we would help retail investors in purchasing gold from IT People providing technical knowledge for the exercise,” he said.

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Cleaning Gold Coins

                            General advice is do not clean coins. The main reason many coins have been ruined by poor or aggressive cleaning If you have found a gold coin you are thinking of selling, definitely do not clean it, leave it to the buyer. the buyer, whether a dealer or collector may prefer to buy an uncleaned coin in which case he may pay more for it. If he prefers it cleaned, he will probably know how do it. Why do extra work and risk getting a lower price?

Avoid Abrasives & Rubbing
One of the worst things you can do to most coins including gold ones is to use an abrasive. Most metal polishes, such as Brasso, contain abrasives. these put tiny scratches on the surface on the coin, most collectors and dealers dislike scratched coins, or ones which look polished.
One other source of abrasion is rubbing or wiping coins dry after cleaning them. It is very easy to put scratches on your coin by any form of rubbing. If any grit is present, it will make scratches. Even an apparently soft cloth can leave tiny scratches on the surface of coins. Because gold is quite soft it is easily scratched. If you need to dry a coin after cleaning, make sure you dab it dry. If you have a steam cleaner or some other air blower such as a hair dryer, this may help, although it is still possible to leave patchy drying marks on the surface of a coin.

Best Way to Clean Gold Coins

If you have a gold coin which is dirty, it can be safely cleaned using soap, or detergent, and water. Sometimes when we get a particularly grubby batch of gold sovereigns, we put them in a pan of water, give them a squirt of "Fairy Liquid", and leave them boiling gently for as long as it takes. Don't allow the pan to boil dry or you may find all the coins have turned black, and have burnt-on soap residue on them. Dry them gently as described above.
If you have an ultrasonic tank, you can use this. Ultrasonic tanks work by gently vibrating the coins in soapy water, often a proprietary cleaning solution. Because the action is gentle, it should not harm your coins. It is very similar to boiling in soapy water but the sound waves provide the agitation to loosen any dirt instead of the boiling action.

Removing Stains
Stains can be removed. How depends on what has caused the stain. Solvents such as acetone or nail varnish remover will work well for removing many stains. This will also remove adhesive tape residues, it is surprising how many people use Sellotape to stick coins to a piece of paper or card either for storage or to send through the post. Obviously it is best to avoid sticking anything to your coins, as it will often leave a mark which may disfigure the coin.

Rust Stains and Red Spots
We sometimes see gold coins which have rust stains on them. Mention this to most people and their jaw drops open, because they are about to say that gold doesn't go rusty. Of course not, but it sometimes gets stored in steel boxes in safes or deposit boxes. If these are then stored in damp or humid conditions, the box may rust, and this can stain the coins if it comes into contact with them. The rust stain can be dissolved using almost any acid, even quite weak one such as lemon juice, vinegar, or the carbonic acid present in fizzy drinks. Obviously these may leave the surface of the coin sticky, but this can be rinsed off. If rust stains are persistent, you could try using a stronger or more concentrated acid (strength and concentration are not the same thing), such as we describe in our page about red spot.

Proof Coins
Because proof coins have a very highly polished surface, it is easy to spoil this finish by careless cleaning, in fact almost any contact can detract from the near perfection of a proof coin. Our comments about drying carefully and avoiding rubbing are particularly important for proof coins. As you will know, even touching the surface of proof coins, will usually leave a greasy fingerprint. If you are trying to remove fingerprints, a solvent such as acetone should work. Obviously it is better to avoid fingerprints in the first place, and if in any doubt, its probably best to avoid trying to clean proof gold coins.

If using solvents, do be careful to work in a well ventilated space.

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How to Clean Gold Jewelry

                    Gold doesn't tarnish, but it can be dirtied or dulled by the oil in your skin, body lotion, makeup or other substances. There are lots of products out there that promise to clean gold, but you can do it easily with mild detergent and a soft cloth.

Things You’ll Need:
-Soft Toothbrush
-mild dish detergent
-soft polishing cloth

Step 1:
Mix a squeeze of mild dish detergent with warm water in a bowl.

Step 2:
Put the gold item into the soap mixture and let sit for a few minutes.

Step 3:
Use a soft toothbrush to gently scrub the jewelry.

Step 4:
Remove item from soapy water, rinse it and dry thoroughly with a soft polishing cloth.

Tips & Warnings
It is wise to check clasps, mountings, prongs and posts for damage before washing the jewelry. If you find a problem, take the item to a jeweler for repair.
Always be sure gold jewelry is completely dry before storing it.
Never use a harsh or abrasive cleaner, a stiff brush or a scouring pad on gold.

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General Safeguards

While your jewellery is not being worn, it is best stored in a lined box or soft pouch, similar too, if not the one you had, when the item was purchased. Necklaces shouldn't be allowed to become tangled and metal or diamonds can easily scratch other metals or plate, just by being next to each other.

This can ruin or dull a polished surface very quickly, with the obvious disappointment and loss in value that will be the result.

Dont wear jewels while gardening, doing housework, or playing any kind of sport, in particular swimming. Jewellery is particularly susceptible to damage from the effects of chemicals present in perfume, hairspray, nail polish remover and deodorant.

If a lost ring or earring is trodden into the lawn, it can be a hundred years before it's found. Likewise, rings can all too easily slip off soapy or sweaty hands and be lost forever.

Your local swimming baths are especially destructive to expensive jewellery as the chlorine found in the water can cause surface damage. Gold and silver hate chlorine which was an active ingredient introduced during the refining process to separate the base metals in the melting crucible.

Courtesy - popular sites

Gems Cleaning

Ultrasound:                            never.
Steam:                                    never.
Warm water and
           neutral soap:


Reaction to heat: sharp changes in temperature can lead to breaking, cracking, or fracturing of                                the opal, excessive heating can change a white opal to brown and remove the                                 colour effect.
Stability with light: relatively stable.
Reaction to chemical
agents:                   affected by hydrofluoric acid and corrosive alkalis.

How Pure Is Your Gold Jewelry?

Chances are the ring on your finger is marked 18K, 14K, or 10K, with the K standing for karat, the system used to describe the percentage of pure gold an item contains. The higher the karat number, the higher the percentage of gold in your gold jewelry.

24K gold is pure gold.

18K gold contains 18 parts gold and 6 parts of one or more additional metals, making it 75% gold.

14K gold contains 14 parts gold and 10 parts of one or more additional metals, making it 58.3% gold.

12K gold contains 12 parts gold and 12 parts of one or more additional metals, making it 50% gold.

10K gold contains 10 parts gold and 14 parts of one or more additional metals, making it 41.7% gold. 10K gold is the minimum karat that can be called "gold" in the United States.

Tips & Warnings

Anything less than 10 karat gold cannot be legally marketed as gold in the U.S.
24K gold is pure gold, which is generally not practical for wearing, as it is too soft; 18K gold is 75 percent gold; 12K gold is 50 percent gold; 10K gold is 41.7 percent gold. Most gold items are marked with a karat mark, even though it is not required by law.
European quality marks are numbers that indicate the purity of the item. 999 means the gold is 99.9 percent (or 24K) gold; 750 means it is 75 percent (or 18K) gold; 585 means it is 58.5 percent (or 14K) gold.
The different colors of gold (white gold, rose gold, etc.) have to do with the metals with which the pure gold is combined.
If you are looking for gold jewelry on eBay, ask lots of questions. Inquire about the karat mark that is stamped on the piece, the manufacturer's trademark and the measurements--especially the thickness of the ring band.

Gold jewelry never goes out of style, and for good reason, because gold is as wearer-friendly as it is beautiful. Pure gold doesn't react with other elements to create tarnish, the residue that accumulates on some metals before transferring to your skin as a stain. Sometimes people have allergy or staining problems with metals that are combined with gold, but the gold itself is rarely a problem.

Gold can be worked into nearly any shape, including tiny strands that do not break easily. One ounce of gold can even be hammered into an ultra thin sheet that's ten feet square. Gold can be manipulated nearly any way the artisan desires.

How to Buy Gold Jewelry

Whether you're looking for traditional wedding bands, a chain, a pair of stunning earrings or a striking broach, you can't go wrong with gold. Here are some things to look for to be sure you're getting your money's worth.


Step 1:
Choose a reputable jeweler. Select one that has membership in Jewelers of America if possible.

Step 2:
Familiarize yourself with karat quality marks. Since gold is a soft metal, it is mixed with other metals to make it more durable. The karat mark will tell you what percentage of the metal is actually gold. (See Tips for more information on karats.)

Step 3:
Look for a trademark on the item you wish to purchase. This identifies the manufacturer of the jewelry. If you have trouble figuring out what the trademark means, ask the jeweler. All gold jewelry with a karat mark must also have a trademark.

Step 4:
Be sure that any diamonds or gemstones that appear in the item you are considering are also real. (See Related eHows for tips on choosing diamonds and gemstones.)

Step 5:
Bear in mind that the price will include the amount of gold in the piece, as well as the design and the craftsmanship.

Step 6:
Make sure your sales receipt lists the karat quality of the item purchased.

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Jodha akbar jewelry

In the film Jodha akbar, the awesome chunky jewelry worn by Aishwarya is already making waves. Tanishq, the leading jewellery brand made all the jewellery worn by Aishwarya Bachchan and Hrithik Roshan in the historical epic.
The movie has been shot using real gold and diamond jewelry. According to sources, the jewelry used is exquisite even by standards reserved for the royalty. The collection was designed by a team of 80 stylists using real emeralds, rubies and pearls.
It is all set to fuel a trend for heavy, stone studded queen necklaces and chunky earring extending from the top of the ear till shoulder line.
Aishwarya’s apparel in the movie includes heavy zardosi saris as well as other costumes which boast of intricate embroidery work.
CarmaWorld, a key Indian shopping portal that stays in sync with latest fashion trends, is soon going to introduce an imitation jewelry line inspired by the film online. This collection of stone studded bridal sets, will comprise a neck hugging choker, a queen’s necklaces, long chunky danglers with jhumka, a nose ring, a bracelet and hand adornments called ‘haath panja’.

The film's jewellery is an endeavour by the filmmaker and the Tanishq brand to transport the viewer to the grand and majestic medieval period and bring alive the romance and marriage between the Mughal Emperor and the Rajput Princess, Tanishq CEO C K Venkataraman said today.
Rubies, emeralds and uncut diamonds will imbue colour and dazzle to the historic epic visualised and directed by Ashutosh Gowarikar.
''Great detail has been paid to the jewellery of the the two dynasties with the beauty of the era coming alive in the ornaments,'' he said at a function here to showcase the collection.
It is also an attempt to revive the great legacy of Indian crafts which had got lost in the sands of time.
''The collection symbolises the passionate two-year-long journey by Tanishq to revive and recreate some heritage pieces which had been lost or forgotten. Intensive research was carried out and miniature paintings and even architecture of the period studied to ensure the ornaments were an authentic representation,'' he said.
In a recorded message, Ashutosh Gowarikar said the jewellery played a significant role in the movie and was an eloquent testimony to the beauty and richness of the majestic 16th century.
''One aspect of the script kept emerging and evolving over time-the jewellery and we wanted it to not only add to the visual splendour of the movie but also convey a myriad of emotions, symbolic of the historic union of Akbar and Jodha.'' Tanishq Marketing head Alpana Parida said it was more challenging to come up with the collection for the movie as it entailed not just making pretty pieces but designing and creating authentic ornaments of the period.
She said Tanishq had earlier created the jewellery for the Shahrukh Khan starrer 'Paheli'.
''Bollywood is a powerful medium of reaching across continents to NRIs who form an estimated 10-15 per cent of our clientele,'' she added. However, most of the ornaments would remain collector's pieces as they were not wearable or affordable.
''We have a pret line in our showrooms which has been inspired by the 'Jodha Akbar' collection and is wearable and the prices are also within reach,'' she said.

Courtesy - Popular Websites