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The Pink Star

September 28, 2013 1 Comment

The Pink Star,formerly known as the Steinmetz Pink is a flawless 59.6-carat, oval-cut, pink diamond.It has the highest possible colour and clarity rating from the Gemological Institute of America (GIA)

It was mined by De Beers in Africa in 1999 .It weighed 132.5 carats in the rough, and was cut and polished over a period of two years by Steinmetz Diamonds.This diamond was sold privately in 2007 but neither the price nor the owner was disclosed

It’s very rare to have vivid pink diamonds weighing even five carats so imagine how unique this gem is.

Sotheby’s is to auction this diamond in Geneva on November 13.It is expected to fetch $60m (£38m).

The Pink Star that is over twice the size of the 24.78-carat “Graff Pink” diamond that currently holds the record for the priciest pink diamond at $46.2m,is then expected to become the most expensive pink diamond in the world.

Filed under Alternative Assets Tagged with coloured diamonds, DeBeers, Gemological Institute of America (GIA), Graff Pink, investing in coloured diamonds, investing in diamonds, pink diamond, postaday, Sotheby's, Steinmetz Pink, The Pink Star

More About Ad Dollars

September 27, 2013 Leave a comment

Advertisements are an excellent way to rake in passive income.So whether it is making money off bill boards or blogs are you doing something to get a little of this money?If not,maybe the stats below will get you started.

Filed under Alternative Assets, Tool Kit Tagged with advertisement income, global ad spends, global digital ad spends, passive income, postaday

Teak Farming Anybody?

September 26, 2013 Leave a comment

wealthymatters

There was an era when people made fortunes supplying teak wood for railway sleepers,
Ship hulls were made of teak wood.
Now wood is mostly used for furniture and paneling by the well to do,

And a lot op people selling teak plantation dreams today are scamsters.However,should the experiments above,capture the fancy of people,there might be a revival in demand for quality timber,Then perhaps it might be a time to get into teak farming,In the meanwhile,we could nurture our existing trees.they might be a source of a windfall a few years down the line and in the meantime you are unlikely to be a loser:Link

Filed under Alternative Assets Tagged with agro forestry, lumbering, postaday, teak farming, timber farming

Lalbaugcha Raja Auction

September 25, 2013 6 Comments

wealthymatters

I spent last evening at the Lalbaugcha Raja auction.It was my first time.

I am pretty pleased with my “prasad”-a lovely silver modak that just comfortably overflows my cupped hands.It’s a great item to put on my desk and watch the play of light on.Anytime,I want a physical reminder of the abundance of good things God has given me in life,I have but to pick up this modak.

One of the items for auction ,that caught my attention was a gold foot ball .All the items up for auction have been donated by devotees whose wishes have been granted.So when we see a model house or cradle we can guess what wish was granted.Now a football?Makes you wonder what the wish was for…..Also last year I remember seeing such a foot ball in the papers too.So I got googling after dinner and came across a shocking story in an old copy of the Mid-Day:Link Read more of this post

Filed under Alternative Assets, Entrepreneurship, Philanthropy, Precious Metals, Theory, Tidbits Tagged with fraud, Fukushima Daiichi nuclear disaster, gold foot ball, lakhpati haar, Lalbaugcha Raja 2013 Auction, name dropping, networking, postaday, Pradeep Bhavnani, prasad, publicity seeking, Siddhivinayak Auction, silver cradle, silver house, silver modak

Income Tax And The Depreciation Of Motor-Vehicles

September 24, 2013 6 Comments

wealthymatters If you are carrying on a business or profession one of the major instruments of reducing taxes is to claim depreciation on the purchase of your vehicle.

Any expenditure incurred for the purpose of the business is allowed as a deduction from your business profits; as such, expenditure incurred on a vehicle used in the business viz fuel expenses, repairs & maintenance expenditure, vehicle insurance are allowed as deductions. Besides, in computing income from business one of the most important items of allowances is the allowance for depreciation, provided by Section 32 of the Income Tax Act.

Depreciation is a non-cash expense which results from the reduction/diminution in the value of certain capital assets including vehicles etc. This deduction towards depreciation is very essential to arrive at the Income from Business/profession of the taxpayer and also to amortize the capital cost of the amount invested in business assets like factory building, machinery, plant, furniture, vehicles etc. The purpose of allowing depreciation is to provide in the course of time for replacement of the asset which is allowed to be depreciated over a period of time. Read more of this post