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Gold coins, diamonds and other precious stones revealed in vaults at a Hindu temple in southern India may be value $20 billion, officials said as they ready to open two more underground chambers at the site.

Bags of diamonds, an 18 foot gold necklace and 19 kilograms (42 pounds) of gold coins are with the items found so far, according to the website of the Sree Padmanabhaswamy Temple in Kerala. The vaults were opened once a local lawyer asked the courts to take store of what was in the temple amid accusations that it was being mismanaged.

“These vaults haven’t been opened for well more a hundred years,” said Ananda Padmanabhan, an attorney representing Sundara Rajan, who brought the case to court. “It consists of all from gold chains and ornaments, coins, and statues of gods and goddesses.”

The temple is run by a trust restricted by descendants of the royal family of Travancore, who ruled an area that is now part of southern Kerala state waiting after the country gained independence from the British in 1947. The treasure is consideration to have been given to the temple by the royal family, the Times of India reported.

The Kerala government has deployed a 24 hour police existence in and around the 16th century temple following the discovery. Other items in the opened vaults take in gold ropes, and antique jewelry studded with diamonds and emeralds, according to the temple’s website.

Kerala’s chief minister, Oommen Chandy, said the treasure will stay in the temple and won’t be sold off as a argue begins about what to do with the haul.

Diamonds may be a girl’s best friend, but its shiny rocks of all shapes, sizes and colors took middle stage at the state fairgrounds this weekend.

The Greater Southern Gemstone and Jewelry demonstrate wrapped up Sunday at the Mississippi Trade Mart.

Folks were able to slam for gold and precious gemstones outside. Inside, nearly 40 vendors presented their best works of fine art.

Jewelry made of precious and semi precious stones packed display cases, but figurines, fossils and tools were also for trade. It was also a time for vendors to balance notes and skills.

“When one person goes to the jewelry school, everybody is waiting to find out what they learned to do and they lecture the whole club so you can do as much as you want to,” said Vice President of Great Southern Gem and Jewelry Shows, Sharon McClanahan.

Totally 40 vendors traveled from Texas, Louisiana and Georgia to Jackson for the annual show.

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Diamonds worth £7000 were stolen from Kendal jewellers before closing moment on Saturday afternoon.

A man ran away with two 18 carat gold and diamond solitaire rings from Goldsmiths. The Jewellers, High gate, at 4.50pm after posing as a customer.

After running down the side of Burton’s men’s clothes shop he was seen getting into a grey Nissan coupe GTI coming up in Booths supermarket car park.

The ring thief is described as mixed race, 5ft 8ins tall, medium build and wearing beige flat cap, dark sunglasses, a blue shirt and dark trousers.

Anyone who saw the white male driver waiting in the car park at approximately 4.50pm is asked to contact Kendal police on 0845 33 00 247.

His vehicle registration number is EO10 DHM.

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In the rare cases where celebrities wore jewels, it naturally diminished their outfits.

Amy Adams had one the evening’s most dazzling jewelry faux pas. Her costume was chin to floor blue sequins and gems.

She did not need the dual strand diamond and emerald necklace or that clunky bracelet. She wants to know when enough is enough.

And Helen Mirren chooses the perfect dress, but inexplicable threw a heavy necklace over it.

Both of these ladies would have looked dazzling with just a great choice of earring and shiny clutch for lipstick.

The necklaces were too much of a good thing.

Meanwhile Hilary Swank, Halle Berry, Natalie Portman, Mandy Moore and Sandra Bullock flaunted unbelievable bare necks.

The dresses were either jeweled or jewel toned and both mean that garnishes were superfluous.

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After an increase in diamond sales over Christmas, it would show that the diamond industry can also expect a successful Valentine’s season, reports DNA.

The National Retail Federation (NRF) has expected a 17% increase in US diamond jewellery sales this coming Valentine’s Day, compared with those of last year.

Certainly US consumers are expected to spend a huge US$3.5 billion on their diamonds this year, up from US$3billion in 2010.

The USA are the biggest shopper of diamonds in the world and it is thought that diamond jewellery will be the most popular gift choice for Americans this coming February 14th.

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