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Monday, October 30, 2006

A gem of a show this weekend

Local members of the Appalachian Gem and the Mineral Club will now like to invite visitors to its 37th annual Gem, Mineral, Fossil and the Jewelry Show to be held from 10 a.m. to 6 p.m. Saturday and from 10 a.m. to 5 p.m. Sunday at the Somerset Junior/Senior High School gym, Columbia Avenue, Somerset. There would be pan gold exhibits as well, UV demonstrations and door prizes. Free admission and free parking given. Everyone is welcome

For more information, call 724-455-6510 and leave a message or call 724-455-2477.

                               

Tuesday, October 24, 2006

Sri Lanka among the world's top five gem exporters

Oct 23, Colombo: Sri Lanka's National Gem and Jewellery Authority is now ambitious plans to grow up gem exports by another 10% in 2007, thus growing revenues up to US$ 100 million.

Sri Lanka earned US$ 80 million from exporting gems during 2005. Gem exports as of August 2006 brought in US$ 67 million near the country. This is a growth of 27% contrasted to the same period in 2005

                               

Friday, October 06, 2006

MINING: 603-carat gem is now found

Gem Diamond Mining Co. of Africa, is a closely held South African mining company, said it has found the world's biggest diamond in 13 years at Letseng mine in Lesotho and would also sell it.

The 603-carat gem, named Lesotho Promise, is the biggest from the 777-carat Millennium Star, owned by De Beers, was now found in the Democratic Republic of Congo during 1993, said Clifford Elphick, the chief executive of Gem. The Leso-tho Promise is a supposed to be white or type-D diamond, the best grade. Letseng lately sold top-grade uncut gems for $40,000 a carat.

                               

Thursday, October 05, 2006

Gem Diamonds purchases stake in Letseng

Gem Diamond Mining Company of Africa Ltd (Gem Diamonds) has recently announced that it has received final shareholder agreement from JCI Ltd (JCD) and Matodzi Resources Ltd (MTZ) for the further acquisition of a 76% stake in Letseng Diamonds (Pty) Ltd, the operator of the Letseng Diamond Mine in Lesotho (Letseng).

Gem Diamonds now owns 76% of Letseng and the Government of the Kingdom of Lesotho owns from the remaining 24%.

                               

Tuesday, October 03, 2006

An expert reveals diamond history research at gem-a 2006 conference

New York gem dealer and author Benjamin Zucker would talk about Elihu Yale at the Conference of the Gemological Association of Great Britain (Gem-A) in November.

Yale is well known as the Founder of the University, which bears his name, but few know that he was a Welshman, which also joined the East India Company and then rose to become the President in Madras in the later seventeenth century with a penchant for selling diamonds – and not always with the authorities’ blessing. Benjamin’s talk would also discuss Yale’s dealings in the framework of the diamond trade at the time.

                               

 

 

 
 

 

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