For Whom Wealth Matters
June 17, 2013 Leave a comment
Its common knowledge that resident individuals in India can each invest upto $200,oo0 (about 1.2 Cr Rupees)abroad per year.However, not all potential investors have more than a few lakhs to invest and few have access to the infrastructure and knowledge to invest abroad by themselves.
So if you are looking to take the first few baby steps to diversify into foreign assets in a limited way here are the services you could access:
May 14, 2013 4 Comments
If 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
April 28, 2013 Leave a comment
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.
April 18, 2013 Leave a comment
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
February 23, 2013 1 Comment
Melting 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
wealthymatters 