Telling Apart Diamonds And American Diamonds


wealthymattersIf you are wondering if a white stone is a diamond or an American diamond ie cubic zirconia,a common substitute,following are some ways you can try to tell them apart depending on the resources at hand.These methods are good enough for you to take a reasonably good call on whether someone’s diamonds are real,whether you have a reasonable chance at purchasing a diamond at an estate sale,or if you have inherited plain gold or diamond jewellery. However these tests are not accurate or conclusive.So consult a gemologist if considerable sums are involved. Read more of this post

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$1.8 Million Per Carat


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Graff Diamonds of New Bond Street, purchased a blue 5.3o carat fancy diamond at an auction by Bonhams in London for $9.5 million.The price per carat was is a record $1.8 million.

The stone is set in a ring made by BVLGARI  in 1965.

Princie


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The Princie is a cushion-cut , 34.65 carat intense pink fancy diamond that originated from the a Golconda mines.The Princie Diamond possesses the most desirable qualities that today’s collectors seek in the jewel: large size, desirable shape, polish, exceptional colour, quality, Golconda origins and a noble history.It was first recorded in the holdings of the royal family of Hyderabad.

It was first offered in an auction in 1960 as “The Property of a Gentleman” — later revealed to be the Nizam of Hyderabad himself. The diamond was purchased by the London branch of Van Cleef and Arpels for £46,000 that corresponds to $1.3 million today. Read more of this post

Jewellery From Recycled Silver


wealthymattersMelting down old jewellery,utensils and coins to fashion new jewellery is old hat in India.Local craftsmen do this routinely as their customers periodically refashion their jewellery.

But in the last few years,the higher bullion prices have made melting old zari,a profitable source of recycled precious metals.Hence the increasing popularity of buying old silk saris these days.‘Zari’,for the uninitiated, is silk thread, twisted with a thin silver wire and then gilded with gold.It is interleaved with the silk weave to create the designs or motifs on sarees like the Kancheevaram.

As an aside, in case you are thinking of buying/selling zari items here is  some useful information :By custom, 1 Kg of zari would have approximately 500 gms of pure silver, around 5-51/2 Gms of gold.The cost of the saree depends on the purity of the zari. But now a days the quantity of pure metal used is less – only 420 to 470 grams of silver and 3 to 3.5 grams of gold.And if you go for the gold standard in hand loom silks, as per the Geographical Indication (GI) label, a Kancheevaram saree should have 57% silver and 0.6% gold in the Zari. The Tamil Nadu State government has relaxed this ruling to 40% silver and 0.5% gold,to protect weavers in the face of the increased price of bullion.So good luck haggling for the recyclable metal. Read more of this post

Nirav Modi’s Jewellery Advice


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Nirav Modi’s Golconda necklace and coloured diamond ear pendants that was auctioned by Christie’s for 16 Crores

1)Where you get your diamonds certified is a big a deal as most labs have varying standards. The Gemological Institute of America (GIA), with its stringent standards is recommended by NiravModi.

2) Diamonds are an excellent way to store wealth. They don’t leave a messy paper trail, and government permissions aren’t so stringent. Also, according to Nirav, diamonds that weigh 3-carats and more appreciate very well. Prices will double every 10 years.This has been noticed over an 80-90 year period.

3) Given the current dismal economic climate, investing in diamonds, especially coloured diamonds like pink diamonds, might be a good idea. These precious stones have been consistently out-performing gold, silver and shares in the recent past.

4) The blue Tanzanite stone, found only in Tanzania, is a great alternative to the ‘cursed’ sapphire.

5) Basra pearls are no longer available because of the situation in Iraq. So any Basra pearl necklace should immediately becomes a rare heirloom and treated with care.

Agricultural Insurance Company Of India Limited


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Freak weather incidents are becoming increasingly frequent .This makes farming more risky nowadays.Add to that,modern farming is more capital intensive.So it makes sense to protect one’s investment with crop/weather insurance.

IFFCO-Tokio’s weather insurance is better publicized.But there is one other private alternative: ICICI-Lombard’s Weather Insurance.However the lion’s share of the covers are provided by the Agricultural Insurance Company Of India (AIC).

AIC was incorporated on 20 December 2002 with an authorised capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India (GIC) (35%), NABARD (30%) and the four public-sector general insurance companies (8.75% each), viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd., New India Assurance Co. Ltd., and United India Insurance Co. Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India. Read more of this post

Pablo Picasso’s Painting Of Marie-Therese Walter


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A canvas by Pablo Picasso called ‘Femme Assise Pres d’une Fenetre ,translated-’Woman Sitting Near a Window’ went under the hammer, in London, yesterday evening. at Sotheby’s  ’Impressionist and Modern Art sale’ and sold for £28,601,250. i.e. 45.76 million dollars.The original estimated cost of the painting, dated 1932 and depicting the artist’s muse, Marie-Therese Walter, had been between £25 million and £35 million.

Marie-Therese fascinates collectors because of her profound influence over Picasso.They embarked on a passionate affair in 1927 after meeting in Paris when Marie-Thérèse was 17 and Picasso was 45 and still living with his first wife, Olga Khokhlova. Their love affair is among the most compelling in 20th century art history.She became the subject of many of his most admired paintings and so the primary emblem of love, sex and desire in 20th century art.Marie-Thérèse  bore him a daughter, Maya, in 1935. But their relationship ended later that year when Picasso began an affair with Dora Maar, a surrealist photographer and artist.  Read more of this post

Poor Trillionaires


WealthymattersOn the left is a complete set of bank notes from Zimbabwe ranging in value from a single Zimbabwean Dollar to 100 Trillion Zimbabwean Dollars.

Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor confidence, paralyzed production, prompted sanctions and scared off tourists.Since then, in the intervening dozen years or so,the country suffered hyper-inflation of 231 million per cent.This series of bank notes is now abandoned and replaced by foreign currencies in Zimbabwe.However they are hot collectibles for bank note collectors the world over.  Read more of this post

Wealth By Capture


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“Oil is like a wild animal. Whoever captures it has it.”- J.Paul Getty

The Most Expensive Pens In The World


1. Aurora Diamante Fountain Pen – $1.47 million

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2.Caran d’Ache 1010 Diamonds Limited Edition Fountain Pen – $1 million

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3.Heaven Gold Pen – $1 million

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4.Mont Blanc Limited Edition Mystery Masterpiece – $730,000

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5. Caran d’Ache Gothica Pen – $406,453

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6. Caran d’Ache La Modernista Diamond Pen – $275,000

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7.Mont Blanc Prince Rainier III Limited Edition 81 Pen – $260,200

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8.Visconti HRH Limited Edition Ripple Fountain Pen – $57,000

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9.Visconti HRH Limited Edition Forbidden City Fountain Pen – $42,200

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10.Grayson Tighe Limited Edition Fountain Pen – $24,000

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