London—Platinum's price reached a record high for the second day in London, trading above $2,000 an ounce, reports Bloomberg News.
Platinum for immediate delivery in London gained as much as $50, or 2.5 percent, to $2,027.50 an ounce, according to the news source.
The escalated price is due to power cuts in South Africa, which accounts for almost 80 percent of global platinum output.
The world's second-largest platinum producer, Impala Platinum Holdings Ltd., forecasted a drop in its platinum output due to the power shortages, which could be as much as 40,000 ounces of production, roughly equal to more than two days of global supply.
South Africa's state-run utility Eskom Holdings Ltd. told Bloomberg News it will retain limits on power supply to users such as mines and smelters to 90 percent of normal needs until 2012.
In related news, gold for immediate delivery in London increased 0.2 percent to $908.68 an ounce, according to the news source. The metal's price reached a record high on Feb. 1 at $936.92.
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Grammy-winner Rihanna wears diamond studs, a right-hand ring and Chopard's 27-carat "Barrel" cuff. Los Angeles—The music industry was singing the blues when it came to fashion at last night's 50th Annual Grammy Awards, with crooners such as Rihanna, Beyoncé and Nelly Furtado donning blue-tinted gowns.
In terms of jewelry, however, the stars hit a high note, with bold cuffs and drop earrings studded with diamonds taking first place as the top picks of the night.
Though cuffs have played a major role in red-carpet jewelry-wardrobing for some time now, the latest incarnations of the trend reveal sculptural forms that diverge from the ubiquitous smooth, circular, wrist-hugging style.
Natasha Bedingfield wears diamond earrings with 22-karat gold drops by Amrapali of Jaipur. Grammy-winner Rihanna donned Chopard's aptly named "Barrel" cuff, a 27-carat diamond stunner that clung to her wrist at both ends but ballooned out in the center; American Idol alum Fantasia wore H. Stern's textured, snaking "Celtic Dunes" cuff in 18-karat Noble gold and diamonds; and Beyoncé, who shimmied onstage alongside Tina Turner, chose jagged-edged diamond cuffs by Lorraine Schwartz to anchor her tulle, sequined confection of a dress by Elie Saab.
When it came to earrings, music's leading ladies chose to keep the baubles short, framing their faces at chin-length or even higher.
Miley Cyrus dons diamond and shell earrings by Bochic. Beyoncé dazzled in chandelier earrings featuring pear-shaped diamonds by Lorraine Schwartz; Alicia Keys sparkled in 36.33-carat "Sodwana" hoop earrings by Diamond in the Rough, which featured a wavy 18-karat gold design studded with 30 rough diamonds in varying shades of cognac, azure, canary and rose; "Unwritten" singer Natasha Bedingfield matched a purple Reem Acra gown with diamond earrings featuring 22-karat gold drops from Amrapali of Jaipur; and teen queen Miley Cyrus went full-on with organic jewelry, donning shell earrings with diamonds by Bochic to go with her mermaid-like locks.
While necks (minus a conspicuous gold coil number worn by Nelly Furtado) were for the most part ignored in favor of accents for the wrists and ears, right hands got a lot of love at last night's show.
Jay-Z chose diamond pins and diamond dress buttons by Neil Lane. Fergie donned a diamond "Dome" right-hand ring by Cartier; Lisa Rinna wore H. Stern's pavé diamond "Golden Stones" right-hand ring; Natalie Cole wore Chopard's ashoka-cut fancy-yellow-diamond right-hand ring with pavé diamond band; and Rihanna went with Chopard as well, donning the brand's "So Happy" diamond right-hand ring.
Men weren't immune to the call of diamonds either, with Chris Brown, Akon, Ludacris and Ne-Yo all choosing to accessorize with diamond studs. Jay-Z took the bling one step further, wearing diamond pins and diamond dress buttons by Neil Lane.
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Rhodium is mined primarily in South Africa and Russia. It is traded on a daily basis and the current price of over $7,000.00/oz makes gold and platinum look inexpensive. At this price, it is no wonder it is used only in very small amounts. Rhodium plating of jewelry results in an extremely thin layer of rhodium, measured in microns.
Gold is a yellow metal. When it is alloyed (mixed) with other whiter metals such as silver, nickel or palladium, it takes on a whiter look. This whiter version of gold, known as white gold is not entirely white. In fact, white gold is a very pale shade of yellow. In order to give white gold jewelry the incredible white shiny look sought after by consumers in a jewelry store, every piece of 14 or 18 Karat white gold jewelry is plated with rhodium and polished to a high shiny finish.
As durable as rhodium is, when it is applied in such a microscopically thin layer, it will wear off. Many people look at their engagement rings after they have worn them for a few months and notice that their diamond ring is yellowing around the edges. One of the surprisingly popular searches done on the web today is by people looking to find out how to clean white gold. The truth is white gold cannot be cleaned. Or more precisely, white gold cannot be whitened by cleaning. Any cleaning will loosen and removed trapped dirt under the diamond, but will not clean the gold. The only solution is to bring the ring back to a professional jeweler and ask them to re-plate the ring with rhodium. This is a common process and can be done in a few hours at little cost. After re-rhodium plating, the jeweler will polish the ring to a high shine and voilà, the ring will look like new.
Unfortunately most jewelers will not disclose this aspect of buying white gold jewelry. The alternative white metal which does not need rhodium plating is platinum. Platinum does cost more that gold, but when you consider the lifetime of maintenance required by white gold, the price of platinum may not be beyond consideration.
Posted by DiamondIdeals - Specializing in Engagement Rings
As far as steering your friends toward buying platinum engagement rings, that is a personal choice. Unfortunatly platinum prices are going through the roof these days. You have to ask yourself if you feel comfortable recommending they spend more money. Over the long haul, platinum will require less maintenance than white gold, but most people don't always consider the longer term implications.
If you have any further questions, please feel free to contact us through http://www.diamondideals.com
George
George
www.diamondideals.com
No matter what the age, diamonds or roses never goes out of style, suggested the survey, considering that 72 percent of men and 76 percent of women ages 45-54 selected diamond jewelry or roses as gifts that first come to mind for celebrating Valentine’s Day.
When given a list of the best Valentine's Day gifts to receive, women selected roses as the best gift to receive (32 percent); diamond jewelry as the second best gift (29 percent); jewelry other than diamonds as the third best gift (26 percent); roses other than flowers as the fourth best gift (24 percent).
When given a list of what men would want to give their significant other on Valentine's Day, 53 percent selected roses, followed by flowers other than roses at 39 percent, and 34 percent of men would give jewelry and 26 percent of men would specifically give diamond jewelry to their loved ones this Valentine’s Day.
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Hollywood's leading ladies from television and film proudly donned their most sophisticated diamond looks, with the big trends of the evening being diamond power earrings, showcasing large diamond studs, diamond drops, and diamond chandelier earrings; boldly adorned stacked diamond bracelets and cuffs; and diamond Right Hand Rings. Diamond broaches also made a grand appearance.
To highlight the evening's best all-diamond looks, actress Ana Ortiz, from the nominated cast of the television series, "Ugly Betty" showcased an amazing half a million dollar diamond look by Kwiat, including beautiful diamond cluster earrings, a vintage diamond and platinum bracelet, and a diamond and platinum flower broach worn in her hair.
Presenter and actress, Kate Beckinsale also stole the red carpet wearing Van Cleef & Arpel's private museum collection pieces, including stacked diamond bracelets on both wrists, bold diamond stud earrings, a 1919 Art Deco diamond Right Hand Ring, and a breathtaking diamond broach.
Female nominee and award presenter Marion Cotillard wore a Happy Spirit diamond Right Hand Ring and Happy Diamond pave pendant necklace by Chopard.
A service of the Antwerp Facets News Service (AFNS). Article may be reproduced provided that credit is given to AFNS.
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The tour, "Getting Engaged? Tips on Buying that Special Ring," covered how to overcome typical proposal blunders and how to read diamond-grading reports.
Hosted by AGS Laboratories President and Chief Executive Officer Frank Dallahan, the program reached an estimated 3.5 million listeners via nationally syndicated programs such as USA Radio National and Good News Broadcast National, and in locals markets including Atlanta; Chicago; Denver; Detroit; Kansas City, Kan.; Minneapolis; Orlando, Fla.; Raleigh, N.C.; Roanoke, Va.; and Tampa, Fla.
"The tour was an overwhelming success and a terrific opportunity to share the AGS Laboratories message with consumers," Dallahan said. "Many of the interviewers were intrigued by the diamond-grading process, so much so that the average interview lasted nearly 10 minutes, which just goes to show that even with all the information available to consumers today, there is still a thirst for quality information from reputable sources."
The media-tour interviews are now available online at AGSLab.com/news_radio.html
The AGS Laboratories was created in 1996 and provides unbiased diamond-grading reports. It is the only diamond-grading lab licensed to use the AGS Performance-Based Cut Grade System—the first-ever cut grading system for a fancy-shaped diamond. The lab currently issues a cut grade for round brilliant, princess- and emerald-cut diamonds. Cut grades for other shapes are due in the near future.
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Diamond Ideals tries to maintain costs as low as possible in order to make superb jewelry affordable. Unfortunately there are some forces that are impossible to contain. We maintained our prices on engagement rings and wedding bands as long as possible, but finally had to relent. Even with this small price change, Diamond Ideals still creates extraordinary engagement and wedding rings at highly competitive prices.
Posted by DiamondIdeals - Specializing in Engagement Rings
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[AFNS] KEY BISCAYNE, USA <10 January 2006> – The Ritz-Carlton Hotel in Key Biscayne, Florida is celebrating its reception of AAA’s coveted Five Diamond rating by leaving one diamond necklace under one guest’s pillow each month from January through May, reports Diamonds.net.
The necklaces, from the hotel’s on-premises Sabbia Jewelry store, will each have five stones totaling 1 carat weight and a blue sapphire.
In May another lucky guest will receive a pair of diamond and sapphire earrings by Mouawad.
Megan Diamond Ideals
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Diamond Ideals is having its’ first ever Holiday Jewelry Sale.
We are offering a 10% discount on all diamond jewelry available in our store/site until Jan. 31st, 2006.
Just mention that you read about our sale on our Blog Page and we will give you a 10% discount on any jewelry item.
This discount is not applicable to loose diamonds and cannot be used in conjunction with any other offers.
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