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Mar 12

3238724320_644cd213a6Diamonds are one of the most sought after gemstones available for jewelry and larger gems fetch thousands of dollars. They are unearthed from mines and often found in riverbeds after being washed up out of the earth. Their beauty is unparalleled and their prices reflect this beauty with many clear, large diamonds selling for tens of thousands of dollars, used for rings, necklaces and other fine jewelry. These loose stones can be purchased online or at jewelry stores in town and all diamonds are certified to assure that you are getting what you pay for in the retail market.

Many years ago, the diamond trade was a source of funding for violent activity in Africa. The government had been seeking a way to reduce the finding of violent activities against its citizens by monitoring the diamond trade to dissuade other countries from buying diamonds that were linked to violent rebel groups. In the late-1990’s it all came to  ahead and leaders began devising a way to certify that the diamonds that were being exported were not related to these groups and that countries would be reprimanded for buying diamonds from these groups. They assumed that if they were able to dissuade others from buying these diamonds, the groups would not have the money or wherewithal to continue fighting and killing innocent people.

Many of the diamonds found and used in jewelry are found in Africa, but many people have used these diamonds to fund uprisings against the countries governments. The Kimberley process was instituted in 2002, and conceived in Kimberley, South Africa in the year 2000. As of 2008, there were 49 members representing 75 countries who were part of this legislation put in place to prevent diamonds from funding violence. The board is governed in a rotating basis and all members must certify that the diamonds they buy and sell are “conflict-free”. Many have scrutinized and criticized the effectiveness of the Kimberley Process which has led some to resign. Recently, Zimbabwe has been at the forefront of this criticism.
Originally, the Kimberley process representatives met to discuss expelling

Zimbabwe due to the overt violence that is reported at the mines in the eastern part of the country, but the motion was dismissed and a monitor was chosen to oversee the export of the diamonds from those mines. This representative was rejected and the government finally settled on a South African to helm the monitoring.

Unfortunately, this monitor will have no real power to stop abuses taking place at the mine as he is only there to make sure that the diamonds exported have the correct certifications, which is one area in which the Zimbabwe mines have no issues. So, the Kimberley Process is being monitored in this area, but the real atrocities will continue as the monitor has no way of stopping such activities until the board figures a way to change their power tactics.

Diamond mining in these poor countries is essential to their economy and there are two companies who claim to own the mines in the region, so there is a power struggle that has resulted in an African court ruling that states that all diamonds found in the mines must be held in a neutral manner until the rightful owner is awarded custody. Later, in a more concentrated effort, the court rules that no mining should take place in eastern Zimbabwe but there have been reports of continued work in that area. Due to the many problems and issues that have arisen, it is possible that Zimbabwe will be expelled from the Kimberley Process, but have vowed to continue to sell diamonds to whomever is willing to buy from them.

Feb 22

208386_mias_ring-2Many a thief has tried to smuggle jewels out by swallowing them. Unfortunately, for a thief in Joplin, Missouri, he didn’t seem to have the stomach for it and wound up generating more attention than he wanted. A diamond ring worth 20,000, weighing 2 carats in total, was stolen from a woman’s purse in Joplin, Missouri, where police sent out pictures of the pricey jewel to the local jewelry stores. A local jeweler who saw the photos recognized it as a piece being offered for sale at his shop, and decided to stall the thief and his accomplice. When police arrived, the man sought a time-tested way to get rid of the evidence; swallowing the ring.

It might have worked too, except that upon questioning, the thief began to cough uncontrollably, upon being questioned, bringing new meaning to the phrase: “cough up the evidence.” It may seem like a smart thing to do, but the body knows when a foreign element is introduced and will do everything it can to eliminate the offensive object one way or another. In fact, swallowing diamond jewelry, or any other kind of jewelry, is not without some risk. It’s not as safe as may be perceived. The ring can get caught up in the intestines and require surgery to remove. It may be painful to the person who swallowed it too. If jewelry that is swallowed has sharp points or sharp diamonds it can even puncture the intestine. Sometimes the jewelry can pass through the entire digestive system and be eliminated the next time the person goes to the bathroom. However, that’s not a sure thing, and swallowing jewelry is never a good idea. The thief may not be happy having been caught, but it’s probably good for his health that he managed to cough it up before it did any long-term physical damage.

Nov 25

In a time where it seems it is hard to find people who want to go for a run, you need look no further than Berwick, PA in the month of November to find a group of people willing to prove you wrong. Every Thanksgiving, the town of Berwick hosts the annual Run for the Diamonds: a unique and historic race in which the top finishers in 40-49, 50-59, and 60 over age groups as well as the top seven males and females to finish overall are rewarded with diamonds. Men are awarded diamond rings while the females are awarded diamond pendants. Awards for achievements within age divisions also include diamond trophies. Continue reading »

Nov 10

It was a top sale for Christie’s that managed to auction off a stunning diamond ring, with a diamond stone weighing a little over 32 carats, in October 2009. The price totaled 7.7 million dollars, approximately $240,000 per carat for this beautiful stone. What made it this ring so special? The diamond set within the ring is considered flawless. The design of the ring itself is created by David Webb, a very well known and respected Manhattan jeweler. Finally, it comes from an impeccable family name, from which the diamond was named the Anneberg Diamond. This, and the final price tag, is going to lead it to instant fame as one of the most impressive, famous, diamond rings to hit Christie’s in a while. Continue reading »

Nov 09

Companies are always looking for investments to increase their shareholder’s wealth and when they have extra capital to expand, they use it judiciously to better position them in the business world. OmniReliant Holdings, Inc., a world leader in innovation through direct marketing, recently acquired Abazias, one of the most well-known online jewelry companies in a buyout of 100% of issued and outstanding shares of the company. Continue reading »

Oct 14

The Cullinan mine in South Africa definitely knows how to make miners stand up and take notice.  On September 24, 2009, a 507 carat white stone was discovered in the already famous mine and according to the mining company Petra Diamond, this stone will turn out to be one of the twenty largest rough diamonds ever discovered in the world.  This area of South Africa, 25 miles outside of Pretoria, is known to be a very mineral rich area. Continue reading »

Oct 08

It sounds like something straight out of a Hollywood action film, and in many cases, it has been; but it is also true. New scientific evidence is lending a great deal of credence to the long standing theory that over thirteen thousand years ago, a comet hit North America. Some sixty five million years after the collision that wiped out all of the world’s dinosaurs, a much smaller comet struck North America. Continue reading »

Sep 30

Colored diamonds have been steadily growing in popularity for the last ten years. Demand for the rarest colors continues to rise, as the general public seeks some remnant of the fancy stones. When auctioneers in New York held the Magnificent Jewels Auction, the highest bid of the evening was received for a flawless yellow diamond ring.The 36.99 carat yellow diamond of oval shape was featured on the cover of the program for the famous auction. Celebrities and international royalty attended the event to bid on several impressive jewels available. Continue reading »

Sep 09

untitled-21.jpgIn light of the economic downturn, many jewelry auctions have seen less-than-expected results at many sales. However, ultra-luxe items like high-dollar diamonds are still fetching stellar prices, as those with the funds are looking to invest their money in a sure thing.The value of diamonds almost always stays relatively stable, but commercial diamonds will fluctuate slightly with market downturns. It is widely accepted that the value of these jewels has stabilized, but large, rare and historic diamonds always continue to hold their value.

Continue reading »

Sep 02

There are people who can afford the very “best of the best” and frequently purchase the best cars, food, vacations, homes and many other goods or services. Outside of this is everyone else, right? Actually, that’s wrong. There are those who live even a step above the best and lead a life beyond just simple luxury. For these folks there can often appear to be no limits, and nowhere is that more clear than when they purchase diamonds. Continue reading »