Jewelry

Saturday, August 27, 2011

Diamond

The name diamond is derived from the ancient Greek αδάμας (adámas), "proper", "unalterable", "unbreakable", "untamed", from ἀ- (a-), "un-" + δαμάω (damáō), "I overpower", "I tame".[3] Diamonds are thought to have been first recognized and mined in India, where significant alluvial deposits of the stone could be found many centuries ago along the rivers Penner, Krishna and Godavari. Diamonds have been known in India for at least 3,000 years but most likely 6,000 years.[4]
Diamonds have been treasured as gemstones since their use as religious icons in ancient India. Their usage in engraving tools also dates to early human history.[5][6] The popularity of diamonds has risen since the 19th century because of increased supply, improved cutting and polishing techniques, growth in the world economy, and innovative and successful advertising campaigns.[7]
In 1772, Antoine Lavoisier used a lens to concentrate the rays of the sun on a diamond in an atmosphere of oxygen, and showed that the only product of the combustion was carbon dioxide, proving that diamond is composed of carbon. Later in 1797, Smithson Tennant repeated and expanded that experiment. By demonstrating that burning diamond and graphite releases the same amount of gas he established the chemical equivalence of these substances.[8]
The most familiar use of diamonds today is as gemstones used for adornment, a use which dates back into antiquity. The dispersion of white light into spectral colors is the primary gemological characteristic of gem diamonds. In the 20th century, experts in gemology have developed methods of grading diamonds and other gemstones based on the characteristics most important to their value as a gem. Four characteristics, known informally as the four Cs, are now commonly used as the basic descriptors of diamonds: these are carat, cut, color, and clarity.[9] A large, flawless diamond is known as a paragon.



A diamond is a transparent crystal of tetrahedrally bonded carbon atoms (sp3) that crystallizes into the diamond lattice which is a variation of the face centered cubic structure. Diamonds have been adapted for many uses because of the material's exceptional physical characteristics. Most notable are its extreme hardness and thermal conductivity (900–2,320 W·m−1·K−1),[10] as well as wide bandgap and high optical dispersion.[11] Above 1,700 °C (1,973 K / 3,583 °F) in vacuum or oxygen-free atmosphere, diamond converts to graphite; in air, transformation starts at ~700 °C.[12] Diamond's ignition point is 720 - 800 °C in oxygen and 850 - 1,000 °C in air.[13] Naturally occurring diamonds have a density ranging from 3.15–3.53 g/cm3, with pure diamond close to 3.52 g/cm3.[1] The chemical bonds that hold the carbon atoms in diamonds together are weaker than those in graphite. In diamonds, the bonds form an inflexible three-dimensional lattice, whereas in graphite, the atoms are tightly bonded into sheets, which can slide easily over one another, making the overall structure weaker.[14]

Hardness

The Darya-I-Nur Diamond
Diamond is the hardest natural material known, where hardness is defined as resistance to scratching and is graded between 1 (softest) and 10 (hardest) using the Mohs scale of mineral hardness. Diamond has a hardness of 10 (hardest) on this scale.[15] Diamond's hardness has been known since antiquity, and is the source of its name.
Diamond hardness depends on its purity, crystalline perfection and orientation: hardness is higher for flawless, pure crystals oriented to the <111> direction (along the longest diagonal of the cubic diamond lattice).[16] Therefore, whereas it might be possible to scratch some diamonds with other materials, such as boron nitride, the hardest diamonds can only be scratched by other diamonds and nanocrystalline diamond aggregates.
The hardness of diamond contributes to its suitability as a gemstone. Because it can only be scratched by other diamonds, it maintains its polish extremely well. Unlike many other gems, it is well-suited to daily wear because of its resistance to scratching—perhaps contributing to its popularity as the preferred gem in engagement or wedding rings, which are often worn every day.
The hardest natural diamonds mostly originate from the Copeton and Bingara fields located in the New England area in New South Wales, Australia. These diamonds are generally small, perfect to semiperfect octahedra, and are used to polish other diamonds. Their hardness is associated with the crystal growth form, which is single-stage crystal growth. Most other diamonds show more evidence of multiple growth stages, which produce inclusions, flaws, and defect planes in the crystal lattice, all of which affect their hardness. It is possible to treat regular diamonds under a combination of high pressure and high temperature to produce diamonds that are harder than the diamonds used in hardness gauges.[17]
Somewhat related to hardness is another mechanical property toughness, which is a material's ability to resist breakage from forceful impact. The toughness of natural diamond has been measured as 7.5–10 MPa·m1/2.[18][19] This value is good compared to other gemstones, but poor compared to most engineering materials. As with any material, the macroscopic geometry of a diamond contributes to its resistance to breakage. Diamond has a cleavage plane and is therefore more fragile in some orientations than others. Diamond cutters use this attribute to cleave some stones, prior to faceting.[20] "Impact toughness" is one of the main indexes to measure the quality of synthetic industrial diamonds.[13]

Electrical conductivity

Other specialized applications also exist or are being developed, including use as semiconductors: some blue diamonds are natural semiconductors, in contrast to most diamonds, which are excellent electrical insulators.[21] The conductivity and blue color originate from boron impurity. Boron substitutes for carbon atoms in the diamond lattice, donating a hole into the valence band.[21]
Substantial conductivity is commonly observed in nominally undoped diamond grown by chemical vapor deposition. This conductivity is associated with hydrogen-related species adsorbed at the surface, and it can be removed by annealing or other surface treatments.[22][23]

Surface property

Diamonds are lipophilic and hydrophobic, which means the diamonds' surface cannot be wet by water but can be easily wet and stuck by oil. This property can be utilized to extract diamonds using oil when making synthetic diamonds.[13]

Chemical stability

Diamonds' chemical property is very stable. Under room temperature diamonds do not react with any chemical reagents including various kinds of acid and alkali. Diamonds' surface can only be oxidized a little by just a few oxidants under high temperature (below 1,000 °C). So acid and alkali can be used to refine synthetic diamonds.[13]

Color

Diamond has a wide bandgap of 5.5 eV corresponding to the deep ultraviolet wavelength of 225 nanometers. This means pure diamond should transmit visible light and appear as a clear colorless crystal. Colors in diamond originate from lattice defects and impurities. The diamond crystal lattice is exceptionally strong and only atoms of nitrogen, boron and hydrogen can be introduced into diamond during the growth at significant concentrations (up to atomic percents). Transition metals Ni and Co, which are commonly used for growth of synthetic diamond by high-pressure high-temperature techniques, have been detected in diamond as individual atoms; the maximum concentration is 0.01% for Ni[24] and even much less for Co. Virtually any element can be introduced to diamond by ion implantation.[25]
Nitrogen is by far the most common impurity found in gem diamonds and is responsible for the yellow and brown color in diamonds. Boron is responsible for the blue color.[11] Color in diamond has two additional sources: irradiation (usually by alpha particles), that causes the color in green diamonds; and plastic deformation of the diamond crystal lattice. Plastic deformation is the cause of color in some brown[26] and perhaps pink and red diamonds.[27] In order of rarity, yellow diamond is followed by brown, colorless, then by blue, green, black, pink, orange, purple, and red.[20] "Black", or Carbonado, diamonds are not truly black, but rather contain numerous dark inclusions that give the gems their dark appearance. Colored diamonds contain impurities or structural defects that cause the coloration, while pure or nearly pure diamonds are transparent and colorless. Most diamond impurities replace a carbon atom in the crystal lattice, known as a carbon flaw. The most common impurity, nitrogen, causes a slight to intense yellow coloration depending upon the type and concentration of nitrogen present.[20] The Gemological Institute of America (GIA) classifies low saturation yellow and brown diamonds as diamonds in the normal color range, and applies a grading scale from "D" (colorless) to "Z" (light yellow). Diamonds of a different color, such as blue, are called fancy colored diamonds, and fall under a different grading scale.[20]
In 2008, the Wittelsbach Diamond, a 35.56-carat (7.11 g) blue diamond once belonging to the King of Spain, fetched over US$24 million at a Christie's auction.[28] In May 2009, a 7.03-carat (1.41 g) blue diamond fetched the highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (6.97 million euro or US$9.5 million at the time).[29] That record was however beaten the same year: a 5-carat (1.0 g) vivid pink diamond was sold for $10.8 million in Hong Kong on December 1, 2009.[30]

Identification

Diamonds can be identified by their high thermal conductivity. Their high refractive index is also indicative, but other materials have similar refractivity. Diamonds cut glass, but this does not positively identify a diamond because other materials, such as quartz, also lie above glass on the Mohs scale and can also cut it. Diamonds can scratch other diamonds, but this can result in damage to one or both stones. Hardness tests are infrequently used in practical gemology because of their potentially destructive nature.[15] The extreme hardness and high value of diamond means that gems are typically polished slowly using painstaking traditional techniques and greater attention to detail than is the case with most other gemstones;[8] these tend to result in extremely flat, highly polished facets with exceptionally sharp facet edges. Diamonds also possess an extremely high refractive index and fairly high dispersion. Taken together, these factors affect the overall appearance of a polished diamond and most diamantaires still rely upon skilled use of a loupe (magnifying glass) to identify diamonds 'by eye'.[31]

Natural history

The formation of natural diamond requires very specific conditions—exposure of carbon-bearing materials to high pressure, ranging approximately between 45 and 60 kilobars (4.5 and 6 GPa), but at a comparatively low temperature range between approximately 900–1300 °C. These conditions are met in two places on Earth; in the lithospheric mantle below relatively stable continental plates, and at the site of a meteorite strike.[32]

Formation in cratons

The conditions for diamond formation to happen in the lithospheric mantle occur at considerable depth corresponding to the requirements of temperature and pressure. These depths are estimated between 140 and 190 km though occasionally diamonds have crystallized at depths about 300 km as well.[33] The rate at which temperature changes with increasing depth into the Earth varies greatly in different parts of the Earth. In particular, under oceanic plates the temperature rises more quickly with depth, beyond the range required for diamond formation at the depth required. The correct combination of temperature and pressure is only found in the thick, ancient, and stable parts of continental plates where regions of lithosphere known as cratons exist. Long residence in the cratonic lithosphere allows diamond crystals to grow larger.[33]
Through studies of carbon isotope ratios (similar to the methodology used in carbon dating, except with the stable isotopes C-12 and C-13), it has been shown that the carbon found in diamonds comes from both inorganic and organic sources. Some diamonds, known as harzburgitic, are formed from inorganic carbon originally found deep in the Earth's mantle. In contrast, eclogitic diamonds contain organic carbon from organic detritus that has been pushed down from the surface of the Earth's crust through subduction (see plate tectonics) before transforming into diamond. These two different source of carbon have measurably different 13C:12C ratios. Diamonds that have come to the Earth's surface are generally quite old, ranging from under 1 billion to 3.3 billion years old. This is 22% to 73% of the age of the Earth.[33]
Diamonds occur most often as euhedral or rounded octahedra and twinned octahedra known as macles. As diamond's crystal structure has a cubic arrangement of the atoms, they have many facets that belong to a cube, octahedron, rhombicosidodecahedron, tetrakis hexahedron or disdyakis dodecahedron. The crystals can have rounded off and unexpressive edges and can be elongated. Sometimes they are found grown together or form double "twinned" crystals at the surfaces of the octahedron. These different shapes and habits of some diamonds result from differing external circumstances. Diamonds (especially those with rounded crystal faces) are commonly found coated in nyf, an opaque gum-like skin.[34]

Space diamonds

Not all diamonds found on Earth originated here. A type of diamond called carbonado that is found in South America and Africa may have been deposited there via an asteroid impact (not formed from the impact) about 3 billion years ago. These diamonds may have formed in the intrastellar environment, but as of 2008, there was no scientific consensus on how carbonado diamonds originated.[35][36]
Diamonds can also form under other naturally occurring high-pressure conditions. Very small diamonds of micrometer and nanometer sizes, known as microdiamonds or nanodiamonds respectively, have been found in meteorite impact craters. Such impact events create shock zones of high pressure and temperature suitable for diamond formation. Impact-type microdiamonds can be used as an indicator of ancient impact craters.[32]
Scientific evidence indicates that white dwarf stars have a core of crystallized carbon and oxygen nuclei. The largest of these found in the universe so far, BPM 37093, is located 50 light-years (4.7×1014 km) away in the constellation Centaurus. A news release from the Harvard-Smithsonian Center for Astrophysics described the 2,500-mile (4,000 km)-wide stellar core as a diamond.[37] It was referred to as Lucy, after the Beatles' song "Lucy in the Sky With Diamonds".[17][38]

Transport from mantle

Diamond-bearing rock is carried from the mantle to the Earth's surface by deep-origin volcanic eruptions. The magma for such a volcano must originate at a depth where diamonds can be formed[33]—150 km (93 mi) or more (three times or more the depth of source magma for most volcanoes). This is a relatively rare occurrence. These typically small surface volcanic craters extend downward in formations known as volcanic pipes.[33] The pipes contain material that was transported toward the surface by volcanic action, but was not ejected before the volcanic activity ceased. During eruption these pipes are open to the surface, resulting in open circulation; many xenoliths of surface rock and even wood and fossils are found in volcanic pipes. Diamond-bearing volcanic pipes are closely related to the oldest, coolest regions of continental crust (cratons). This is because cratons are very thick, and their lithospheric mantle extends to great enough depth that diamonds are stable. Not all pipes contain diamonds, and even fewer contain enough diamonds to make mining economically viable.[33]
The magma in volcanic pipes is usually one of two characteristic types, which cool into igneous rock known as either kimberlite or lamproite.[33] The magma itself does not contain diamond; instead, it acts as an elevator that carries deep-formed rocks (xenoliths), minerals (xenocrysts), and fluids upward. These rocks are characteristically rich in magnesium-bearing olivine, pyroxene, and amphibole minerals[33] which are often altered to serpentine by heat and fluids during and after eruption. Certain indicator minerals typically occur within diamantiferous kimberlites and are used as mineralogical tracers by prospectors, who follow the indicator trail back to the volcanic pipe which may contain diamonds. These minerals are rich in chromium (Cr) or titanium (Ti), elements which impart bright colors to the minerals. The most common indicator minerals are chromium garnets (usually bright red chromium-pyrope, and occasionally green ugrandite-series garnets), eclogitic garnets, orange titanium-pyrope, red high-chromium spinels, dark chromite, bright green chromium-diopside, glassy green olivine, black picroilmenite, and magnetite. Kimberlite deposits are known as blue ground for the deeper serpentinized part of the deposits, or as yellow ground for the near surface smectite clay and carbonate weathered and oxidized portion.[33]
Once diamonds have been transported to the surface by magma in a volcanic pipe, they may erode out and be distributed over a large area. A volcanic pipe containing diamonds is known as a primary source of diamonds. Secondary sources of diamonds include all areas where a significant number of diamonds have been eroded out of their kimberlite or lamproite matrix, and accumulated because of water or wind action. These include alluvial deposits and deposits along existing and ancient shorelines, where loose diamonds tend to accumulate because of their size and density. Diamonds have also rarely been found in deposits left behind by glaciers (notably in Wisconsin and Indiana); in contrast to alluvial deposits, glacial deposits are minor and are therefore not viable commercial sources of diamond.[33]

Production

Approximately 130,000,000 carats (26,000 kg) of diamonds are mined annually, with a total value of nearly US$9 billion, and about 100,000 kg (220,000 lb) are synthesized annually.[39]
Roughly 49% of diamonds originate from Central and Southern Africa, although significant sources of the mineral have been discovered in Canada, India, Russia, Brazil, and Australia.[40] They are mined from kimberlite and lamproite volcanic pipes, which can bring diamond crystals, originating from deep within the Earth where high pressures and temperatures enable them to form, to the surface. The mining and distribution of natural diamonds are subjects of frequent controversy such as concerns over the sale of blood diamonds or conflict diamonds by African paramilitary groups.[41] The diamond supply chain is controlled by a limited number of powerful businesses, and is also highly concentrated in a small number of locations around the world.
Only a very small fraction of the diamond ore consists of actual diamonds. The ore is crushed, during which care is required not to destroy larger diamonds, and then sorted by density. Today, diamonds are located in the diamond-rich density fraction with the help of X-ray fluorescence, after which the final sorting steps are done by hand. Before the use of X-rays became commonplace,[42] the separation was done with grease belts; diamonds have a stronger tendency to stick to grease than the other minerals in the ore.[20]
Historically, diamonds were found only in alluvial deposits in Guntur and Krishna district of the Krishna River delta in Southern India.[43] India led the world in diamond production from the time of their discovery in approximately the 9th century BC[4][44] to the mid-18th century AD, but the commercial potential of these sources had been exhausted by the late 18th century and at that time India was eclipsed by Brazil where the first non-Indian diamonds were found in 1725.[4] Currently, one of the most prominent Indian mines is located at Panna.[45]
Diamond extraction from primary deposits (kimberlites and lamproites) started in the 1870s after the discovery of the Diamond Fields in South Africa.[46] Production has increased over time and now an accumulated total of 4,500,000,000 carats (900,000 kg) have been mined since that date.[47] Twenty percent of that amount has been mined in the last five years, and during the last 10 years, nine new mines have started production; four more are waiting to be opened soon. Most of these mines are located in Canada, Zimbabwe, Angola, and one in Russia.[47]
In the U.S., diamonds have been found in Arkansas, Colorado, and Montana.[48][49] In 2004, the discovery of a microscopic diamond in the U.S. led to the January 2008 bulk-sampling of kimberlite pipes in a remote part of Montana.[49]
Today, most commercially viable diamond deposits are in Russia (mostly in Sakha Republic, for example Mir pipe and Udachnaya pipe), Botswana, Australia (Northern and Western Australia) and the Democratic Republic of Congo.[50] In 2005, Russia produced almost one-fifth of the global diamond output, reports the British Geological Survey. Australia boasts the richest diamantiferous pipe, with production from the Argyle diamond mine reaching peak levels of 42 metric tons per year in the 1990s.[48][51] There are also commercial deposits being actively mined in the Northwest Territories of Canada and Brazil.[40] Diamond prospectors continue to search the globe for diamond-bearing kimberlite and lamproite pipes.

Controversial sources

In some of the more politically unstable central African and west African countries, revolutionary groups have taken control of diamond mines, using proceeds from diamond sales to finance their operations. Diamonds sold through this process are known as conflict diamonds or blood diamonds.[41] Major diamond trading corporations continue to fund and fuel these conflicts by doing business with armed groups. In response to public concerns that their diamond purchases were contributing to war and human rights abuses in central and western Africa, the United Nations, the diamond industry and diamond-trading nations introduced the Kimberley Process in 2002.[52] The Kimberley Process aims to ensure that conflict diamonds do not become intermixed with the diamonds not controlled by such rebel groups. This is done by requiring diamond-producing countries to provide proof that the money they make from selling the diamonds is not used to fund criminal or revolutionary activities. Although the Kimberley Process has been moderately successful in limiting the number of conflict diamonds entering the market, some still find their way in. Conflict diamonds constitute 2–3% of all diamonds traded.[53] Two major flaws still hinder the effectiveness of the Kimberley Process: (1) the relative ease of smuggling diamonds across African borders, and (2) the violent nature of diamond mining in nations that are not in a technical state of war and whose diamonds are therefore considered "clean".[52]
The Canadian Government has set up a body known as Canadian Diamond Code of Conduct[54] to help authenticate Canadian diamonds. This is a stringent tracking system of diamonds and helps protect the "conflict free" label of Canadian diamonds.[55]

Commercial markets

A round brilliant cut diamond set in a ring
The diamond industry can be separated into two distinct categories: one dealing with gem-grade diamonds and another for industrial-grade diamonds. While a large trade in both types of diamonds exists, the two markets act in dramatically different ways.

Gemstones and their distribution

A large trade in gem-grade diamonds exists. Unlike other commodities, such as most precious metals, there is a substantial mark-up in the retail sale of gem diamonds.[56] There is a well-established market for resale of polished diamonds (e.g. pawnbroking, auctions, second-hand jewelry stores, diamantaires, bourses, etc.). One hallmark of the trade in gem-quality diamonds is its remarkable concentration: wholesale trade and diamond cutting is limited to just a few locations; In 2003, 92% of the world's diamonds were cut and polished in Surat, India.[57] Other important centers of diamond cutting and trading are the Antwerp diamond district in Belgium, where the International Gemological Institute is based, London, the Diamond District in New York City, Tel Aviv, and Amsterdam. A single company—De Beers—controls a significant proportion of the trade in diamonds.[58] They are based in Johannesburg, South Africa and London, England. One contributory factor is the geological nature of diamond deposits: several large primary kimberlite-pipe mines each account for significant portions of market share (such as the Jwaneng mine in Botswana, which is a single large pit operated by De Beers that can produce between 12,500,000 carats (2,500 kg) to 15,000,000 carats (3,000 kg) of diamonds per year,[59]) whereas secondary alluvial diamond deposits tend to be fragmented amongst many different operators because they can be dispersed over many hundreds of square kilometers (e.g., alluvial deposits in Brazil).

The production and distribution of diamonds is largely consolidated in the hands of a few key players, and concentrated in traditional diamond trading centers, the most important being Antwerp, where 80% of all rough diamonds, 50% of all cut diamonds and more than 50% of all rough, cut and industrial diamonds combined are handled.[60] This makes Antwerp a de facto "world diamond capital".[61] Another important diamond center is New York City, where almost 80% of the world's diamonds are sold, including auction sales.[60] The DeBeers company, as the world's largest diamond miner holds a dominant position in the industry, and has done so since soon after its founding in 1888 by the British imperialist Cecil Rhodes. De Beers owns or controls a significant portion of the world's rough diamond production facilities (mines) and distribution channels for gem-quality diamonds. The Diamond Trading Company (DTC) is a subsidiary of De Beers and markets rough diamonds from De Beers-operated mines. De Beers and its subsidiaries own mines that produce some 40% of annual world diamond production. For most of the 20th century over 80% of the world's rough diamonds passed through De Beers,[62] but in the period 2001–2009 the figure has decreased to around 45%.[63] De Beers sold off the vast majority of its diamond stockpile in the late 1990s – early 2000s[64] and the remainder largely represents working stock (diamonds that are being sorted before sale).[65] This was well documented in the press[66] but remains little known to the general public.

As a part of reducing its influence, De Beers withdrew from purchasing diamonds on the open market in 1999 and ceased, at the end of 2008, purchasing Russian diamonds mined by the largest Russian diamond company Alrosa.[67] As at January 2011, De Beers states that it only sells diamonds from the following four countries: Botswana, Namibia, South Africa and Canada.[68] Alrosa had to suspend their sales in October 2008 due to the global energy crisis,[69] but the company reported that it had resumed selling rough diamonds on the open market by October 2009.[70] Apart from Alrosa, other important diamond mining companies include BHP Billiton, which is the world's largest mining company;[71] Rio Tinto Group, the owner of Argyle (100%), Diavik (60%), and Murowa (78%) diamond mines;[72] and Petra Diamonds, the owner of several major diamond mines in Africa.

Further down the supply chain, members of The World Federation of Diamond Bourses (WFDB) act as a medium for wholesale diamond exchange, trading both polished and rough diamonds. The WFDB consists of independent diamond bourses in major cutting centers such as Tel Aviv, Antwerp, Johannesburg and other cities across the USA, Europe and Asia.[20] In 2000, the WFDB and The International Diamond Manufacturers Association established the World Diamond Council to prevent the trading of diamonds used to fund war and inhumane acts. WFDB's additional activities include sponsoring the World Diamond Congress every two years, as well as the establishment of the International Diamond Council (IDC) to oversee diamond grading.

Once purchased by Sightholders (which is a trademark term referring to the companies that have a three-year supply contract with DTC), diamonds are cut and polished in preparation for sale as gemstones ('industrial' stones are regarded as a by-product of the gemstone market; they are used for abrasives).[73] The cutting and polishing of rough diamonds is a specialized skill that is concentrated in a limited number of locations worldwide.[73] Traditional diamond cutting centers are Antwerp, Amsterdam, Johannesburg, New York City, and Tel Aviv. Recently, diamond cutting centers have been established in China, India, Thailand, Namibia and Botswana.[73] Cutting centers with lower cost of labor, notably Surat in Gujarat, India, handle a larger number of smaller carat diamonds, while smaller quantities of larger or more valuable diamonds are more likely to be handled in Europe or North America. The recent expansion of this industry in India, employing low cost labor, has allowed smaller diamonds to be prepared as gems in greater quantities than was previously economically feasible.[60]

Diamonds which have been prepared as gemstones are sold on diamond exchanges called bourses. There are 26 registered diamond bourses in the world.[74] Bourses are the final tightly controlled step in the diamond supply chain; wholesalers and even retailers are able to buy relatively small lots of diamonds at the bourses, after which they are prepared for final sale to the consumer. Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto Group, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales.[75]

Marketing

The image of diamond as a valuable commodity has been preserved through clever marketing campaigns (as, indeed, is the case with many other luxury products). In particular, the De Beers diamond advertising campaign is acknowledged as one of the most successful campaigns in history.[citation needed] N. W. Ayer & Son, the advertising firm retained by De Beers in the mid-20th century, succeeded in reviving the American diamond market and opened up new markets, even in countries where no diamond tradition had existed before. N. W. Ayer's multifaceted marketing campaign included product placement, advertising the diamond itself rather than the De Beers brand, and building associations with celebrities and royalty. It was a "generic" advertising campaign that tended to focus upon promoting diamonds in general, or particular types of diamond jewellery, rather than specific brands. This meant that, as De Beers' market share declined, it was increasingly advertising its competitors' products as well as its own[76] (De Beers' market share dipped temporarily to 2nd place in the global market below Alrosa in the aftermath of the global economic crisis of 2008, down to less than 29% in terms of carats mined, rather than sold[77]). The campaign lasted for decades but was effectively discontinued by early 2011. De Beers still advertises diamonds, but the advertising now mostly promotes its own brands, or licensed product lines, rather than completely "generic" diamond products.[77] The campaign was perhaps best captured by the slogan "a diamond is forever".[7] This slogan is now being used by De Beers Diamond Jewelers,[78] a jewelry firm which is a 50%/50% joint venture between the De Beers mining company and LVMH, the luxury goods conglomerate.
Another example of successful diamond marketing is brown Australian diamonds. Brown-colored diamonds have always constituted a significant part of the diamond production, but were considered worthless for jewelry; they were not even assessed on the diamond color scale, and were predominantly used for industrial purposes. The attitude has changed drastically after the development of Argyle diamond mine in Australia in 1986. As a result of an aggressive marketing campaign, brown diamonds have become acceptable gems.[79][80] The change was mostly due to the numbers: the Argyle mine, with its 35,000,000 carats (7,000 kg) of diamonds per year, makes about one-third of global production of natural diamonds;[81] 80% of Argyle diamonds are brown.[82]

Cutting

The mined rough diamonds are converted into gems through a multi-step process called "cutting". Diamonds are extremely hard, but also brittle and can be split up by a single blow. Therefore, diamond cutting is traditionally considered as a delicate procedure requiring skills, scientific knowledge, tools and experience. Its final goal is to produce a faceted jewel where the specific angles between the facets would optimize the diamond luster, that is dispersion of white light, whereas the number and area of facets would determine the weight of the final product. The weight reduction upon cutting is significant and can be of the order of 50%.[42] Several possible shapes are considered, but the final decision is often determined not only by scientific, but also practical considerations. For example the diamond might be intended for display or for wear, in a ring or a necklace, singled or surrounded by other gems of certain color and shape.[83]
The most time-consuming part of the cutting is the preliminary analysis of the rough stone. It needs to address a large number of issues, bears much responsibility, and therefore can last years in case of unique diamonds. The following issues are considered:
  • The hardness of diamond and its ability to cleave strongly depend on the crystal orientation. Therefore, the crystallographic structure of the diamond to be cut is analyzed using X-ray diffraction to choose the optimal cutting directions.
  • Most diamonds contain visible non-diamond inclusions and crystal flaws. The cutter has to decide which flaws are to be removed by the cutting and which could be kept.
  • The diamond can be split by a single, well calculated blow of a hammer to a pointed tool, which is quick, but risky. Alternatively, it can be cut with a diamond saw, which is a more reliable but tedious procedure.[83][84]
After initial cutting, the diamond is shaped in numerous stages of polishing. Unlike cutting, which is a responsible but quick operation, polishing removes material by gradual erosion and is extremely time consuming. The associated technique is well developed; it is considered as a routine and can be performed by technicians.[85] After polishing, the diamond is reexamined for possible flaws, either remaining or induced by the process. Those flaws are concealed through various diamond enhancement techniques, such as repolishing, crack filling, or clever arrangement of the stone in the jewelry. Remaining non-diamond inclusions are removed through laser drilling and filling of the voids produced.[15]

Industrial uses

Close-up photograph of an angle grinder blade with tiny diamonds shown embedded in the metal
The market for industrial-grade diamonds operates much differently from its gem-grade counterpart. Industrial diamonds are valued mostly for their hardness and thermal conductivity, making many of the gemological characteristics of diamonds, such as clarity and color, irrelevant for most applications. This helps explain why 80% of mined diamonds (equal to about 135,000,000 carats (27,000 kg) annually), unsuitable for use as gemstones, are destined for industrial use. In addition to mined diamonds, synthetic diamonds found industrial applications almost immediately after their invention in the 1950s; another 570,000,000 carats (110,000 kg) of synthetic diamond is produced annually for industrial use. Approximately 90% of diamond grinding grit is currently of synthetic origin.[40]
The boundary between gem-quality diamonds and industrial diamonds is poorly defined and partly depends on market conditions (for example, if demand for polished diamonds is high, some suitable stones will be polished into low-quality or small gemstones rather than being sold for industrial use). Within the category of industrial diamonds, there is a sub-category comprising the lowest-quality, mostly opaque stones, which are known as bort.[86]
Industrial use of diamonds has historically been associated with their hardness; this property makes diamond the ideal material for cutting and grinding tools. As the hardest known naturally occurring material, diamond can be used to polish, cut, or wear away any material, including other diamonds. Common industrial adaptations of this ability include diamond-tipped drill bits and saws, and the use of diamond powder as an abrasive. Less expensive industrial-grade diamonds, known as bort, with more flaws and poorer color than gems, are used for such purposes.[87] Diamond is not suitable for machining ferrous alloys at high speeds, as carbon is soluble in iron at the high temperatures created by high-speed machining, leading to greatly increased wear on diamond tools compared to alternatives.[88]
Specialized applications include use in laboratories as containment for high pressure experiments (see diamond anvil cell), high-performance bearings, and limited use in specialized windows.[86] With the continuing advances being made in the production of synthetic diamonds, future applications are becoming feasible. Garnering much excitement is the possible use of diamond as a semiconductor suitable to build microchips, or the use of diamond as a heat sink[89] in electronics.

Synthetics, simulants, and enhancements

Synthetics

Synthetic diamonds are diamonds manufactured in a laboratory, as opposed to diamonds mined from the Earth. The gemological and industrial uses of diamond have created a large demand for rough stones. This demand has been satisfied in large part by synthetic diamonds, which have been manufactured by various processes for more than half a century. However, in recent years it has become possible to produce gem-quality synthetic diamonds of significant size.[33]
The majority of commercially available synthetic diamonds are yellow and are produced by so called High Pressure High Temperature (HPHT) processes.[90] The yellow color is caused by nitrogen impurities. Other colors may also be reproduced such as blue, green or pink, which are a result of the addition of boron or from irradiation after synthesis.[91]
A round, clear gemstone with many facets, the main face being hexagonal, surrounded by many smaller facets.
Synthetic Diamond

Another popular method of growing synthetic diamond is chemical vapor deposition (CVD). The growth occurs under low pressure (below atmospheric pressure). It involves feeding a mixture of gases (typically 1 to 99 methane to hydrogen) into a chamber and splitting them to chemically active radicals in a plasma ignited by microwaves, hot filament, arc discharge, welding torch or laser.[92] This method is mostly used for coatings, but can also produce single crystals several millimeters in size (see picture).[39]
At present, the annual production of gem quality synthetic diamonds is only a few thousand carats, whereas the total production of natural diamonds is around 120,000,000 carats (24,000 kg). Despite this fact, a purchaser is more likely to encounter a synthetic when looking for a fancy-colored diamond because nearly all synthetic diamonds are fancy-colored, while only 0.01% of natural diamonds are.[93]

Simulants

A round sparkling, clear gemstone with many facets.
Gem-cut synthetic slicon arbide set in a ring

A diamond simulant is defined as a non-diamond material that is used to simulate the appearance of a diamond. Diamond-simulant gems are often referred to as diamante. The most familiar diamond simulant to most consumers is cubic zirconia. The popular gemstone moissanite (silicon carbide) is often treated as a diamond simulant, although it is a gemstone in its own right. While moissanite looks similar to diamond, its main disadvantage as a diamond simulant is that cubic zirconia is far cheaper and arguably equally convincing. Both cubic zirconia and moissanite are produced synthetically.[94]

Enhancements

Diamond enhancements are specific treatments performed on natural or synthetic diamonds (usually those already cut and polished into a gem), which are designed to better the gemological characteristics of the stone in one or more ways. These include laser drilling to remove inclusions, application of sealants to fill cracks, treatments to improve a white diamond's color grade, and treatments to give fancy color to a white diamond.[95]
Coatings are increasingly used to give a diamond simulant such as cubic zirconia a more "diamond-like" appearance. One such substance is diamond-like carbon—an amorphous carbonaceous material that has some physical properties similar to those of the diamond. Advertising suggests that such a coating would transfer some of these diamond-like properties to the coated stone, hence enhancing the diamond simulant. Techniques such as Raman spectroscopy should easily identify such a treatment.[96]

Identification

Early diamond identification tests included a scratch test relying on the superior hardness of diamond. This test is destructive, as a diamond can scratch diamond, and is rarely used nowadays. Instead, diamond identification relies on its superior thermal conductivity. Electronic thermal probes are widely used in the gemological centers to separate diamonds from their imitations. These probes consist of a pair of battery-powered thermistors mounted in a fine copper tip. One thermistor functions as a heating device while the other measures the temperature of the copper tip: if the stone being tested is a diamond, it will conduct the tip's thermal energy rapidly enough to produce a measurable temperature drop. This test takes about 2–3 seconds.[97]
Whereas the thermal probe can separate diamonds from most of their simulants, distinguishing between various types of diamond, for example synthetic or natural, irradiated or non-irradiated, etc., requires more advanced, optical techniques. Those techniques are also used for some diamonds simulants, such as silicon carbide, which pass the thermal conductivity test. Optical techniques can distinguish between natural diamonds and synthetic diamonds. They can also identify the vast majority of treated natural diamonds.[98] "Perfect" crystals (at the atomic lattice level) have never been found, so both natural and synthetic diamonds always possess characteristic imperfections, arising from the circumstances of their crystal growth, that allow them to be distinguished from each other.[99]
Laboratories use techniques such as spectroscopy, microscopy and luminescence under shortwave ultraviolet light to determine a diamond's origin.[98] They also use specially made instruments to aid them in the identification process. Two screening instruments are the DiamondSure and the DiamondView, both produced by the DTC and marketed by the GIA.[100]
Several methods for identifying synthetic diamonds can be performed, depending on the method of production and the color of the diamond. CVD diamonds can usually be identified by an orange fluorescence. D-J colored diamonds can be screened through the Swiss Gemmological Institute's[101] Diamond Spotter. Stones in the D-Z color range can be examined through the DiamondSure UV/visible spectrometer, a tool developed by De Beers.[99] Similarly, natural diamonds usually have minor imperfections and flaws, such as inclusions of foreign material, that are not seen in synthetic diamonds.
(materials and sources: www.wikipedia.org)



Sunday, May 29, 2011

The most expensive diamond and the models

The De Beers’ Marie-Antionette Necklace – $3.7 million
From the De Beers High-Jewellery collection, this luxurious necklace features over 181 carats of mixed cut diamonds. Beneath the deep pink diamond (1.84 carats) on the first string are two yellow diamonds (5.24 and 7.06) along the second and third strings. The 8.05 carat pear-shaped white diamond hanging from the fourth string, though, is the showstopper on this beautiful piece of jewelry.




 
Garrard’s Heart of the Kingdom Ruby – $14 million
The most expensive necklace in the world features a 40.63-carat, heart-shaped Burmese ruby surrounded by 155 carats of diamonds. Burmese ruby is one of the most sought after varieties of ruby due to its blood-red hue. This gem is particularly valuable due to its extraordinary size—Burmese rubies rarely exceed a few carats!




The Most expensive bikini
Molly Sims didn’t leave much to the imagination when she wore this diamond-studded swimwear for Sports Illustrated’s infamous Swimsuit Edition in 2006. Of course, what the bikini doesn’t actually cover is obscured by misdirection as the swimsuit, the most expensive bikini in the world, is as eye-catching as the woman modeling it.
World's most expensive bikini
Designed by Susan Rosen with Steinmetz Diamonds, the bikini is made up of 150 carats of flawless diamonds—including a pair of fifteen carat, round-cut diamonds; a thirty carat, emerald-cut diamond and a pear-shaped, fifty-one carat diamond. Rather than using cloth to make the expensive swimsuit, Ms. Rosen opted to make it out of platinum.
Including the top, bottom and necklace, the world’s most expensive bikini is valued at $30 million. Considering its value, it’s questionable whether or not it can actually be called “swimwear.” After all, who knows what a dip in the ocean could do to all those precious gems?



Most Expensive Bra and Panties Set

In 2002, Victoria’s Secret out-did their $10 million “Star of Victoria Fantasy Bra” and created a $15 million bra and underwear titled “Red Hot Fantasy.” The most expensive bra is made of red satin and 1,300 gemstones, including rubies and diamonds and is listed in the Guinness Book of World Records as the “most extravagant and expensive items of underwear ever created”.
The appearance of the most expensive bra was kept secret until it was revealed at the grand opening of Manhattan’s new Victoria’s Secret store on Broadway and 67th Street. It was then worn by spokes-model Gisele Bundchen underneath a see-through cover up. The one-of-a kind item was featured in Victoria’s Secret holiday catalog and is actually for sale.
So, if you are able to treat your lady (or yourself) to multi million-dollar lingerie, then the “Red Hot Fantasy” bra and panty set is for you. At whopping $15 million, how could you not feel good about your body after putting it on?
most expensive bra and panties
The most expensive bra
To this day, no one has purchased the most expensive bra in the world even after several serious inquiries. Victoria’s Secret even offers to deliver the bra to your doorstep in an armored car, which will probably be needed to cart away that $15 million you just dropped on it.
Several other bras come close to the “Red Hot Fantasy Bra”. Others include the “Very Sexy Bra” ($11 million), the “Star of Victoria Fantasy Bra” ($10 million), and the “Heavenly Star Bra” ($12.5 million).






Most Expensive Women’s Shoes

by jeremy on July 8, 2008 · Comments (21)
We may be calling this article “Most Expensive Women’s Shoes” to complement our previous article on men’s shoes, but make no mistake—these four pairs of high-heeled slippers, three of them by Stuart Weitzman, are also the most expensive shoes in the world.
Most expensive women's shoes - Stuart Weitzman's Ruby Slippers
Stuart Weitzman’s Ruby Slippers
$1.2 million

Based on their namesake footwear from The Wizard of Oz, these extravagant slippers were designed for the 2003 Oscars. Unfortunately, they were never worn due to the solemn mood of the times. They are studded with 642 Burma rubies weighing in at 123.33 carats. The settings are made of half a pound of platinum. These shoes were made with the help of Oscar Heyman Bros.


Most expensive women's shoes - Stuart Weitzman's Cinderella Slippers
Stuart Weitzman’s Cinderella Slippers
$2 million

Worn by singer Alison Krauss at the 2004 Academy Awards, these shoes were Weitzman’s next pair of fantasy-themed slippers. They are studded with 565 Kwiat diamonds—55 carats of clear diamonds and a single 5-carat gem. Unfortunately, they’re probably not made of glass. They are currently on display in Beverly Hills, California.



Most expensive women's shoes - Stuart Weitzman and Le Vian evening shoes
Stuart Weitzman and Le Vian evening shoes
$2 million

Made in conjunction between Stuart Weitzman and the 500-year-old tradition of the Le Vian name, these stunning slippers are made of silver leather set with over 200 carats of precious stones. There are over 185 carats of museum-quality tanzanite gemstones along the ankle bracelets, including the two 16-carat gems hanging from each. Additionally, there are 28 carats of diamonds along the front straps.



Most expensive women's shoes - Harry Winston's Ruby Slippers
Harry Winston’s Ruby Slippers
$3 million

While the original ruby slippers worn by Judy Garland were made with sequins, these spectacular slippers designed by Ronald Winston of the House of Harry Winston to mark the classic movie’s fiftieth anniversary used real rubies. The slippers include 4,600 rubies totaling 1,350 carats (as well as 50 carats of diamonds) which took craftsman Javiar Barerra two months to set. Made in 1989, the world’s most expensive shoes were still on sale in 2000.
(source: Most expensive journal)


Friday, March 25, 2011

Top 6 Most Expensive Engagement Rings In The World















1. De Beers Platinum: $1.83 million
Diamond in this ring is very luxurious and has a perfect sparkle. A diamond stone weighing 9 carats make this ring the most expensive engagement ring in the world. With the perfection of this ring. It’s worth if sold at fantastic prices $ 1.83 million.




2. Tiffany Oval Diamond: $ 1.46 million and $800.000
Are you the people who love royal and glamorous things?? If Yes, then the Tiffany diamond is very suitable for you. Mounted on the left things is 14.79 carats of oval diamonds for $1.46 million and the ring on the right is 12.3 carats of shaped pillows diamond for $800,000.




3. Internally Flawless: $1.3 million
This Platinum diamond type ring is a collection of Elizabeth Taylor Jewelry House, Los Angeles. In the middle of this ring is 5.98 carats of oval diamond and surrounded by ten 3.96 carat of round diamond, forming a flower. Prepare fund of $ 1.3 million to bring this ring home.






4. Secret Kiss of the Rose: $525,000
Soccer star David Beckham put a diamond ring to Victoria Beckham in their wedding. Look at this ring, in the middle of the ring, there’s a 0.8 carat pink diamond surrounded by 4.15 carat of white diamonds that makes it very luxurious. This beautiful ring can be redeemed with a $525,000.





5. Asscher Cut Diamond: $520.000
The ring was first developed in 1902, but the design was not perfect. Oscar winner Reese Witherspoon use this ring when married to actor Ryan Phillipe. The beauty of this ring is completed with 10.19 carats of diamonds. This ring is sold for $520,000.






6. Yellow Diamond : $400,000
This ring with Yellow diamond is a very melancholy collection. Baseball star Johnny Damon, actor Charlie Sheen and Eddie Murphy wearing this ring in their engagement day. Equipped with a 5.11 carats of diamond, this ring worth $ 400,000.




 

Friday, March 4, 2011

Top 10 Most Expensive Diamonds in the world

















1. Kohinoor : Unestimated
Kohinoor which means “Mountain of Light” from the Persian, also spelled Koh-e Noor or Koh-i-Nur is 105 carats (21.6 g) diamond that was once the largest known diamond in the world. The Kohinoor originated at Golconda in the state of Andhra Pradesh in India. It is owned by various Sikh, Mughal and Persian rulers who fought bitterly over it at various points in history and win the war damage time and again. After completely ignoring the Maharaja Ranjit Singh’s will was eventually confiscated by the East India Company and became part of the British Crown Jewels when British Prime Minister Benjamin Disraeli declared Empress of India Queen Victoria in 1877. This is the legend that anyone who has a Koh-i-Noor ruled the world. Possible condemnation associated with ownership of the diamond dates back to the Hindu texts relating to the first confirmed appearance of the diamond in 1306.

2. The Sancy Diamond : Unestimated
The Sancy, a pale yellow diamond of 55.23 carat (11.05 g), once belonged to famous ancient Great Mogul, but more likely from India who was cut because of the unusual with Western standards.
Shield shaped stone consists of two back-to-back crowns (the typical upper stone) but does not have any resemblance to a pavilion (the bottom of the stone, under the belt or the middle of the body).


3. The Cullinan : $ 400 Millions
The Cullinan diamond is the largest rough gem quality diamond ever found, at 3,106.75 carat (621.35 g). Largest polished stone named Cullinan I or the First Star of Africa, and the 530.2 carats (106.0 g) is the largest diamond in the world until the year 1985 the discovery of the Golden Jubilee Diamond, 545.67 carat (109.13 g), also from the Premier Mine. Cullinan I is now mounted on the head with a stick Cross. The second largest gem from the Cullinan stone, Cullinan II or the Little Star of Africa, at 317.4 carats (63.5 g), is the fourth largest diamond in the world. The second jewel in the Crown Jewels of the British Empire.

4. The Hope Diamond : $350 Millions
Hope Diamond is a large, 45.52 carat (9.10 g), housed in the Smithsonian Museum of Natural History in Washington. Hope Diamond exhibits DC-blue to the naked eye due to a trace amount of boron in the crystal structure, but exhibits a red phosphor under ultraviolet light. It is classified as Type IIb diamonds, and is famous for being a curse.



5. De Beers Centenary Diamond: $ 100 Millions
De Beers Centenary Diamond has 273. 85 carat (54. 77 g) weight. It’s the third largest diamond has been produced in the Premier Mine. The Centenary Diamond is rated as a level D color by Gemological Institute of America, which is the highest grade diamond is colorless and internally and externally flawless. Centenary Diamond was named as shown in the rough for Centennial.The Centenary Diamond was introduced formally in May 1991.




6. The Steinmetz Pink : $ 25 Millions
The Steinmetz Pink is the diamond weighing 59.60 carat (11.92 grams), the color defined as Fancy Vivid Pink by the Gemological Institute of America. The Steinmetz Pink is the largest known diamond has been given Vivid Pink. As a result of the scarcity of this extraordinary diamonds, the Steinmetz Group took careful 20 months to cut the Pink. It was introduced in Monaco on May 29, 2003, in a public ceremony.


7. Wittelsbach Diamond : $ 16.4 Millions
Wittelsbach Diamond is also known as Der Blaue Wittelsbacher is 35.56 carat (7.11 g) blue diamond with VS 2 clarity. It has been appreciated by European aristocracy for centuries. It has become part of both Austria and Bavaria, the Crown jewels.
Color and clarity have been compared with the Hope Diamond. Diamond size 24.40 mm in diameter and 8.29 mm in depth. Facet 82 has been arranged in an atypical pattern. Stars in terms of crown divided vertically and the pavilion has sixteen needle-like facets, arranged in pairs, pointing outward from the culet terms.

8. The Heart of Eternity : $16 Millions
The Heart of Eternity is a diamond measuring 27.64 carats (5.528 g). The color assessed as “Fancy Vivid Blue” by the Gemological Institute of America. The Heart of Eternity was cut by the Steinmetz Group, who has a diamond before selling to the De Beers Group.
The Heart of Eternity is a member of very rare colored diamonds. Found in the Premier Diamond Mine in South Africa. Blue (Type IIb) diamonds is less than 0.1% of the output from the Premier mine, which is the only mine in the world produce this blue diamond. From the ten colored diamonds that attract the highest bids, six out of ten were blue diamond, rating values as high as $ 550,000 to $ 580,000 per carat ($ 2750-2900 / mg).

9. The Moussaieff Red Diamond : $ 7 Millions
The Moussaieff Red is displayed as part of the Smithsonian’s “The Splendor of Diamonds” exhibition, in addition to the De Beers Millennium Star and The Heart of Eternity.
Moussaieff Red is reported to have been discovered by a Brazilian farmer in Abaetezinho river in 1990, in an area known as Alto Paranaiba who had a reputation as a great source of beautiful and colorful diamond.Roughly, it was believed to be 13. 9 carats (2. 78 g).
Diamond was purchased and cut by the William Goldberg Diamond Corp.and named the Red Shield. It is currently owned by Moussaieff Jewelers Ltd. Rated in color as Fancy Red by the Gemological Institute of America (GIA). Moussaieff Red Diamond is a diamond the size of 5. 11 carat (1. 022 g) by cutting a triangular brilliant (sometimes called trilliant trillion or cut), given a color as Fancy Red by the Gemological Institute of America. Although this may seem relatively small when compared to other famous diamonds, the Moussaieff Red is, in fact, the largest Fancy Red the GIA reports having value.

10. The Allnatt Diamond : $ 3 Millions
The Allnatt Diamond is a diamond with the size of 101.29 carat (20.258 g) with a cushion cut. Rated in color as Fancy Vivid Yellow by the Gemological Institute of America.This diamond is named after one of the holders, Major Alfred Ernest Allnatt, a soldier, sportsman, art patron and supporter. Although not known exactly where Allnatt get this diamond, but many experts believe that it may be found in what is now known as the De Beers Premier Diamond Mine.
Allnatt origins are not known before the purchase of diamonds by Major Allnatt in early 1950s. After buying this diamond, he commissioned Cartier to make arrangements for the final setting to form a platinum flower with five petals, two stems and leaves, all arranged by diamond. The Allnatt is resold at auction in May 1996 by Christie’s in Geneva for $ 3,043,496 U.S. At the time of sale in Allnatt is 102.07 carat (20.41 g). and assessed Fancy Intense Yellow. After the sale to Siba Corporation, a diamond is cut into the heavy again today and the intensity increased as a result.















Thursday, November 18, 2010

How to get the best diamond and prices

Diamonds are comprised of unmodified carbon, and they are the hardest objects known to man. They are formed due to extremely high temperatures and high pressure far beneath the surface of the earth’s crust. Volcanic eruptions bring these one to three billion year old gems to the surface, where they are mined from rivers by means of dredging and sifting. Only one carat of usable diamond is found for every 250 tons of earth processed. Only 20% of diamonds found are even worthy of being used for jewelry. This is why diamonds are very expensive. They are rare and precious gems of incomparable beauty.
Diamonds are a symbol of love because of their indestructible composition. Since diamonds last forever, the commitment of love associated with marriage makes them the perfect token of devotion and adoration. A diamond ring is a sign of commitment to the person you intend on spending the rest of your life with, so choosing a diamond is a momentous occasion. Knowing what to look for in a diamond is beneficial when making this important decision.
Diamonds are graded according to cut, color, and clarity. They are graded by diamond grading laboratories that use a special scale to determine these attributes. The most recognized independent diamond grading labs are The European Gemological Laboratory, The International Gemmological Institute, and The Gemological Institute of America. You will often see the initials of these leading laboratories on diamond appraisals.
Diamonds are graded on color from “D” to “Z”. You will pay a premium price for colorless diamonds in the D, E, and F range. Brilliantly colored diamonds are the most expensive of all because they are quite rare. The most common diamond color is yellow or cognac. There are also varying shades of champagne. Blue and red diamonds exist, but are even rarer.
The clarity of a diamond is determined by flaws and inclusions within the diamond and how easy they are to see. Flawless, internally flawless, and diamonds listed under VVS and VS on the clarity chart are higher in price. Near colorless diamonds that are considered “SI” (slightly included) are the best value.
The cut of a diamond will also determine the cost. You will pay more for an “ideal cut” diamond. Diamonds considered slightly less than ideal will cost less but still offer a brilliant look.
Diamond jewelry having a serial number engraved on the side for security purposes will cost you more. If you’re on a budget, this option may be one you can do without.

Avoid mall stores when shopping for your diamond jewelry. These stores typically have higher overhead costs. Shop for your diamond jewelry in stores that offer diamond guarantees that are free of charge. Should you lose or break a diamond under normal conditions, they will repair or replace the diamond at no cost to you. Most jewelers offer this service, but most are not free
.
Avoid jewelry stores that have set prices on diamonds. They guarantee low prices, but they’re not necessarily the lowest. Keep in mind, there is a HUGE mark-up on most diamond merchandise. Don’t be afraid to ask for a lower price on a diamond. Some jewelry stores will accept a lower price if you’re paying with cash rather than putting the item on layaway or paying with a credit card. Asking if the item is the best possible price could save you hundreds or even thousands of dollars.

Use these tips and suggestions to get the diamond jewelry you want at a price you can afford. Keep in mind that love is priceless, and you shouldn’t have to pay a fortune to get the diamond jewelry you desire.

A Barbie doll that will be looked at but never played with is being auctioned at Christie’s auction house on the 20th of October in New York.
The big difference with this barbie doll is the pink diamond necklace that adorns her plastic neck. Designed and arranged by Jeweler Stefano Canturi, the one carat pink diamond surrounded by smaller white diamonds is expected to bring between 300 and 500 thousand dollars, making this the most expensive barbie in the world according to Christie’s.
Combined there are a total of three carats of diamonds arranged in the necklace. As well as the necklace, Canturi designed the Barbie dolls clothes and accessories as well.
Although bidding is expected
This maybe the most expensive barbie doll ever sold. The previous most expensive barbie up for sale by auction fetched just over 17 thousand dollars.
Just show you what a good quality necklace can do? 

Bulgari Diamond: A two-stone ring with a rare triangular blue diamond the size of a quarter on a gold band with baguette-cut diamonds could bring at least $15 million when it is offered at auction in New York next month.
At 10.95 carats, the stone is the largest triangular-shaped fancy vivid blue diamond ever to come to auction, Christie’s told The Associated Press in advance of the Oct. 20 sale. It is paired with a 9.87-carat white diamond cut in the same shape.
“Vivid blue is the strongest and purest saturation in any colored diamond,” said Rahul Kadakia, Christie’s jewelry expert. “As a vivid, this is as good as it gets.”
The two diamonds were cut to be together.
“They are perfectly matched in size and shape. They may be different in terms of weight, but the measurements are perfect. These two stones are made for each other,” Kadakia said.
The Gemological Institute of America said the blue stone in Christie’s sale is the largest triangular-shaped fancy vivid blue diamond they’ve ever graded, Kadakia said.
It is being sold by an anonymous European businessman. Kadakia described him as “someone with a very, very keen eye” who purchased the ring for $1 million from Italian luxury jeweler Bulgari in Rome in 1972 — a gift to his wife for the birth of their son. The couple went on to have three more children, celebrating each birth with an important gift.
Bulgari’s distinctive geometric forms, classic Greek and Roman influences and unusual combinations of colored and colorless diamonds have long adorned celebrities and movie stars, including Grace Kelly, Audrey Hepburn and Elizabeth Taylor.
Last year, a 7.03-carat cushion-cut blue diamond sold at Sotheby’s for $9.5 million, or $1.3 million per carat — setting the highest price ever for a fancy vivid blue gem.
Based on that sale, the Bulgari blue diamond alone is worth $15 million, said Kadakia. With the white diamond, the ring could well surpass that estimate.
The Wittelsbach-Graff Diamond, a 17th-century fancy deep grayish-blue 35.56-carat gem, holds the world record for any diamond and jewel sold at auction. Christie’s sold it in 2008 for $24.3 million.
Worldwide, Kadakia said, blue diamond production accounts for 0.0001 percent of all diamonds produced. And only one in 10 million diamonds have a color pure enough to qualify as fancy vivid blue and measuring over 10 carats.
The blue is determined by trace amounts of boron. The GIA scale runs from faint blue, light blue, fancy light blue, fancy blue, fancy intense blue, deep blue and — when the tonality and saturation are perfect — fancy vivid blue.
The Bulgari blue diamond probably came from the Premier Diamond Mine in South Africa, virtually the only mine in the world producing blue diamonds, Kadakia said. It is where the 3,100-carat rough Cullinan Diamond was found in 1905, and from which the British Crown Jewels the Great Star of Africa and Cullinan II diamonds were cut and polished.
Kadakia estimated that the Bulgari blue diamond came from a rough of at least 20 carats — the rest being lost to polishing.
The world’s largest known deep blue diamond is the 45.52-carat Hope Diamond, discovered in the 1600s, and housed at the Smithsonian.
Kadakia said that in the last 2 1/2 years he has seen a 15-20 percent rise in the number of clients investing in high-end jewelry and diamonds, both those who buy at auction and privately.
“In what other form could you carry $15 million to $20 million so easily?” he asked.
The ring will be officially unveiled at Christie’s Geneva gallery on Tuesday, with stops later in Hong Kong and London before returning to New York.

The Curse of the Black Orlov Diamond, said to be worth over 2 million dollars, may well be broken at the 78Th Academy Awards if worn by Actress Felicity Huffman (Desperate Housewives) and she wins an Oscar. The Black Orlov Diamond is said to be ridden with a curse and three people have reputedly died as a result of the curse.
The owner of the diamond, J. Dennis Petimezas of Johnstown, Pa, hoping that his Necklace with the diamond will be the one worn at the Oscars.
Known as the Black Orlov, or “The Eye of Brahma,” the jewel is haunted by a curse said to have begun when the original 195-carat diamond was removed from a Hindu shrine in southern India. The diamond is tied to the deaths of three former owners who apparently killed themselves.
Only one out of every 10,000 diamonds is a black one.
In 1947, Princess Nadia Vyegin-Orlov and Princess Leonila Galitsine-Bariatinsky - both former owners of the Black Orlov - leapt to their deaths in apparent suicides.
Fifteen years earlier, J.W. Paris, a diamond dealer who imported the stone to the United States, jumped to his death from one of New York’s tallest buildings shortly after concluding the sale of the jewel. In an attempt to break the curse, the diamond was recut into three separate gems and has since been owned by a succession of private owners, all of whom seem to have escaped the curse.
Petimezas dismisses the curse and said the necklace has brought him nothing but good luck since he purchased it more than a year ago.
“Since I have owned it,” he said, “I have married my longtime sweetheart, we have moved into our dream home and enjoyed continued growth in the diamond business.”
Peter Slowik and his father were searching the surface of the Murfreesboro, Ark., park not far from the south washing pavilion when he spotted the gem in a footprint of other park visitors.
‘Peter Slowik’s diamond is so clear, just like a piece of ice.’ The eight grader has named the diamond Arkansas Ice.

Pink Diamond
A rare pink diamond ring was sold at auction recently to wealthy British billionaire Laurence Graff for over 46 million dollars. Graff modestly dubbed it the “Graff Diamond.” This sets a new record for the highest priced diamond, also bought by Graff in 2008. Graff described it as the “most fabulous” diamond he had seen in his entire career. He said he had bought the gem for his own collection, immediately naming it “The Graff Pink”.
After the auction, which took place in Sotheby’s in Geneva, he said: “It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.”
Auctioneer David Bennett, head of Sotheby’s international jewellery division, also described the diamond as “absolutely sensational”. He said: “I find it difficult to exaggerate how fine this stone is because I love it.”
Bidding started at 20 million Swiss francs – £12.65 million, but with frenzied bidding quickly surpassed the previous record.
It finally went under the hammer for 40.5 million Swiss Francs, with the premium pushing it up to 45,442,500 Swiss Francs or £28.8 million or 46 million dollars.

Mr Bennett told the room: “That is a world record for a jewellery sale anywhere in the world.”
After the sale he added: “Tonight’s spectacular result demonstrates that truly extraordinary objects will bring truly extraordinary prices. It was simply one of the most desirable diamonds I have seen during my 35-year-career at Sotheby’s.”
The diamond was formerly owned by the late Harry Winston, US jeweller to the stars.
Its incredibly rare, perfect pink colour is thought to have been caused by it absorbing light in an unusual way when it was formed deep inside the earth over millions of years.
It is set between shield-shaped diamond shoulders on a silver ring.