Press Trust of India / New Delhi February 17, 2009, 11:06 IST
Gold futures hit a new high of Rs 15,050 per 10 gram in early deals today, taking cues from the firm trend in other Asian markets, as investors bought the metal as an alternative to slumping equities.
On the Multi Commodity Exchange, gold for August-month contract shot up by 2.31 per cent to Rs 15,050 per 10 gram. The contract clocked business turnover of five lots.
The precious metal shot up by 1.55 per cent to $956.20 an ounce in Asia -- the highest in seven months -- on rising concerns of recession and deepening financial crisis.
Meanwhile, on the MCX counter, far-month June contract moved up by 2.10 per cent to Rs 15,039 per 10 gram, with a turnover of 370 lots, while its April contract gained 2.11 per cent at Rs 15,029 per 10 gram in a turnover of 6,221 lots.
4 World Famous Diamond
Darya-I-Nur
Darya-I-Nur diamond is believed to be the largest pink diamond in the world. The stone is estimated to weigh somewhere between 175 and 195 carats, and it is a light pink color. Its exact weight isn't known because its been mounted in its brooch setting for over 130 years. This stone is one of the most celebrated diamonds in the Iranian Crown Jewels and it is also one of the oldest stones known to man.
De Beers Diamond
The De Beers weights 234.65 carats and is the seventh largest faceted diamond in the world. It was found in the De Beers Consolidated Mine in March 1888. Prior to being cut the diamond weighed 428.50 carats. It was centerpiece of a ceremonial necklace known as the Patiala Necklace in 1928. In 1973 the necklace disappeared and then the remnants was discovered in a jewelry shop in London in 1998 with most of the large stone missing. The De Beers Diamond was sold in 1982 for $3,160,000.
De Young Red Diamond
The De Young Red is a 5.03 carat red diamond and is considered as the third largest in the world. This diamond is not really pure red. This stone has a slightly brown hue which makes it look like a fine garnet that ruby-like. Since this diamond has very unique color, this was once sold at an estate sale as a red garnet. Luckily, this fine piece of precious stone was later on recovered and identified to be a very rare red diamond. At present, the De Young Red is under the custody of the Smithsonian Museum in Washington, DC and often figured in exhibits in that museum.
Unlike the Type I diamonds that derived their color from impurities imbedded in the diamond, Red diamonds are considered a Type II and get their color from a process known as Plastic Deformation. They get their coloration due to structural anomalies caused by Plastic Deformation during the crystal growth. The intense pressure changes the lattice structure of diamonds and has led to the formation of Pink, Red, and Brown colored diamonds.
Dresden Diamond
The largest natural green diamond in the world is The Dresden Green. It is classified as an "apple-green" color and weighs in at 40.70 carats. The Gemmological Institute of America examined the stone in 1988. The Dresden Green Diamond was proved to be not only of extraordinary quality, but also a rare type IIa diamond and is consider the largest and finest natural green diamond ever found. The Dresden Green gets its name from the capitol of Saxony where it has been on display for more than 200 years. The earliest known reference to its existence occurs in The Post Boy, a London new-sheet of the 1700's. The diamond was sold in Switzerland in 1997 for $715,320.
Darya-I-Nur diamond is believed to be the largest pink diamond in the world. The stone is estimated to weigh somewhere between 175 and 195 carats, and it is a light pink color. Its exact weight isn't known because its been mounted in its brooch setting for over 130 years. This stone is one of the most celebrated diamonds in the Iranian Crown Jewels and it is also one of the oldest stones known to man.
De Beers Diamond
The De Beers weights 234.65 carats and is the seventh largest faceted diamond in the world. It was found in the De Beers Consolidated Mine in March 1888. Prior to being cut the diamond weighed 428.50 carats. It was centerpiece of a ceremonial necklace known as the Patiala Necklace in 1928. In 1973 the necklace disappeared and then the remnants was discovered in a jewelry shop in London in 1998 with most of the large stone missing. The De Beers Diamond was sold in 1982 for $3,160,000.
De Young Red Diamond
The De Young Red is a 5.03 carat red diamond and is considered as the third largest in the world. This diamond is not really pure red. This stone has a slightly brown hue which makes it look like a fine garnet that ruby-like. Since this diamond has very unique color, this was once sold at an estate sale as a red garnet. Luckily, this fine piece of precious stone was later on recovered and identified to be a very rare red diamond. At present, the De Young Red is under the custody of the Smithsonian Museum in Washington, DC and often figured in exhibits in that museum.
Unlike the Type I diamonds that derived their color from impurities imbedded in the diamond, Red diamonds are considered a Type II and get their color from a process known as Plastic Deformation. They get their coloration due to structural anomalies caused by Plastic Deformation during the crystal growth. The intense pressure changes the lattice structure of diamonds and has led to the formation of Pink, Red, and Brown colored diamonds.
Dresden Diamond
The largest natural green diamond in the world is The Dresden Green. It is classified as an "apple-green" color and weighs in at 40.70 carats. The Gemmological Institute of America examined the stone in 1988. The Dresden Green Diamond was proved to be not only of extraordinary quality, but also a rare type IIa diamond and is consider the largest and finest natural green diamond ever found. The Dresden Green gets its name from the capitol of Saxony where it has been on display for more than 200 years. The earliest known reference to its existence occurs in The Post Boy, a London new-sheet of the 1700's. The diamond was sold in Switzerland in 1997 for $715,320.
Diamond Rings
Whether as heirlooms or simply as gifts, diamond rings have always been among the most preferred classes of jewellery among people of most countries and cultures. Many reasons can be cited to explain why diamond rings have always been so popular as pieces of jewellery in the human society. However, one is always led back to the more obvious reason that diamond rings, like all pieces of diamond jewellery, have an essence of timeless beauty and a charm unparalleled in rings bearing other kinds of precious stones.
Diamond rings are appropriate for the masculine as well as the feminine gender. Combining the universal appeal of the diamond with the ring - a piece of jewellery that can be worn by individuals irrespective of the gender, diamond rings have become considered as possibly the most universally appreciated kind of jewellery worn by all of the human society, considering neither the age nor the gender. This universal popularity has resulted in diamond rings being used as symbol of different kinds of statuses ranging from marital to socio-economic ones.
A huge majority of people even in the twenty-first century still prefer the use of diamond rings as tokens of exchange symbolizing engagements or weddings. The fact that it always up to the groom to select such rings does not in any way indicate that it is only men who perpetuate the legacy of diamond rings. In fact, as the saying goes - diamonds are a girl's best friend!
Owing to the huge diversity in the kinds of materials used in designing diamond rings, the question naturally rises as to which metal would be the best option to use with diamonds. This overwhelming question can only be answered by the ones planning to buy diamond rings. While some of them prefer more conservative choices like yellow gold rings, others can certainly opt for alternatives including platinum or white gold. Diamond rings made using a fusion of yellow and white gold have become the favourites of designers as well as buyers of late.
While platinum and colourless diamonds can constitute a visual essence close to perfection, diamond rings made using yellow gold have hardly lost any popularity in the market. On the other hand, this contrast between white and yellow can result in a two-fold contrast with the dazzle of colourless diamonds in fusion gold diamond rings. No matter which kind of material is used, diamond rings are always marked by a combination of artistic aesthetics with an unexplainable charm having universal appeal.
Diamond rings using natural diamonds can turn out to be quite expensive in any market. Therefore, it is always advisable that one should try to have a look at as many designs as possible before and cross-check the selections for any possible manufacturing flaws before making the final purchase. One should always look out for diamond rings that have warranties covering the quality of the materials as well as the craftsmanship. After all, one should never settle for anything less than the best while buying anything, not just diamond rings!
Diamond rings are appropriate for the masculine as well as the feminine gender. Combining the universal appeal of the diamond with the ring - a piece of jewellery that can be worn by individuals irrespective of the gender, diamond rings have become considered as possibly the most universally appreciated kind of jewellery worn by all of the human society, considering neither the age nor the gender. This universal popularity has resulted in diamond rings being used as symbol of different kinds of statuses ranging from marital to socio-economic ones.
A huge majority of people even in the twenty-first century still prefer the use of diamond rings as tokens of exchange symbolizing engagements or weddings. The fact that it always up to the groom to select such rings does not in any way indicate that it is only men who perpetuate the legacy of diamond rings. In fact, as the saying goes - diamonds are a girl's best friend!
Owing to the huge diversity in the kinds of materials used in designing diamond rings, the question naturally rises as to which metal would be the best option to use with diamonds. This overwhelming question can only be answered by the ones planning to buy diamond rings. While some of them prefer more conservative choices like yellow gold rings, others can certainly opt for alternatives including platinum or white gold. Diamond rings made using a fusion of yellow and white gold have become the favourites of designers as well as buyers of late.
While platinum and colourless diamonds can constitute a visual essence close to perfection, diamond rings made using yellow gold have hardly lost any popularity in the market. On the other hand, this contrast between white and yellow can result in a two-fold contrast with the dazzle of colourless diamonds in fusion gold diamond rings. No matter which kind of material is used, diamond rings are always marked by a combination of artistic aesthetics with an unexplainable charm having universal appeal.
Diamond rings using natural diamonds can turn out to be quite expensive in any market. Therefore, it is always advisable that one should try to have a look at as many designs as possible before and cross-check the selections for any possible manufacturing flaws before making the final purchase. One should always look out for diamond rings that have warranties covering the quality of the materials as well as the craftsmanship. After all, one should never settle for anything less than the best while buying anything, not just diamond rings!
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