Glittering Stones News,Diamonds news,Gems and jewelry news

Wearing jewels is a tradition for most Indians and it’s been followed since ancient times. Till now many Indian’s including men love to adore with gold ornaments. Now people opt for more costly jewels like platinum and diamonds; thanks to the booming IT sector! There is a good demand for jewellery and it’s expected to reach at least 20 billion by 2010 and 30 billion by 2015. The sale of diamonds is expected to shoot by 78 percent by 2010.

There is good news for students who are interested in jewellery designing; the Indian Institute of Jewellery has joined hands with the California Institute of Jewellery Training to improve the technology in jewellery.

Sparkling pearls, jewels and gems across the world were on display at the Jewellery Arabia 2007. The show was held at the Bahrain International Exhibition Centre inaugurated by the Prime Minister Shaikh Khalifa bin Salman Al Khalifa. This five day show has witnessed 30% increase in terms of display and size compared to last year’s show. Nearly 500 companies from 28 countries including India, Germany and Brazil are participating at this jewellery show.

The most expensive stone, a 6.04 carat blue diamond beautifully set in a platinum ring was auctioned for a grand total of $7.98 million at the Sotheby’s Hong Kong auction. This extremely rare diamond was picked up by Moussaieff Jewelers, which has a collection of rare gemstones which include a rare red diamond called The Moussaieff Red.