Glittering Stones News,Diamonds news,Gems and jewelry news

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.

You Might Like this :

• Gemstone Library
• Uses Of Gems
• History of Gems
• Types of Gems

India’s gems and jewellery exports recorded an unusual growth in September on the back of a rise in demand of mid- and low-end diamond jewellery in the US. The US constitutes nearly 40 per cent of diamond jewellery spending in the world. Data compiled by apex deal body, the Gems & Jewellery Export Promotion Council (GJEPC), showed that the total exports rose a staggering 56 per cent to $4,061.87 million in September, against $2,602.26 million in the corresponding month of the previous year.
In rupee term, though, the total shipment rose 48.42 per cent at Rs 18,708.96 crore from Rs 12,605.36 crore in September 2009. generally imports of gems and jewellery also rose sharply at $2,849.88 million (Rs 13,126.54 crore) in September — an increase of 62.24 (54.27 per cent) as compared to $1,756.53 million (Rs 8,508.63 crore) in the corresponding period last year.
During the first half of this financial year, the total use of cut and polished diamonds stood at $12,714.83 million (Rs 58,606.45 crore) recording a growth of 61.54 per cent (53.44 per cent in rupee term), compared to $7,870.91 million (Rs 38,194.82 crore) for the same time last year. According to a announcement by GJEPC, overall trade (exports and imports) of cut and polished diamonds stood at Rs 58,606.45 crore and Rs 38,846.79 crore between April and September, as compared to Rs 38,194.82 crore and Rs 23,699.78 crore, correspondingly, during the equivalent period last year.
Provisional import of gold jewellery for the first six-month period stood at $5,340.46 million (Rs 24,573.98 crore) recording a growth of 20.04 per cent (13.74 per cent in rupee term) from $4,448.75 million (Rs 21,606.29 crore) in the corresponding of the previous year. In difference, export of coloured gemstones was at $138.79 million (Rs 640.95 crore) recording a refuse of 2.06 per cent (6.73 per cent fall in rupee term) in the first half of the current financial year, compared to $141.71 million (Rs 687.22 crore) in the same period last year.

SYDNEY: Australia’s central bank said Thursday that blooming trade with China has overshadowed the value of India as an equally profitable market with better long-term prospects.
India accounts for about five percent of the world’s gross domestic product after a decade of financial reforms, the Reserve Bank of Australia said, adding that the industrialising country’s population was estimated to rise gradually.
“While much attention has been paid to the fact that China has become Australia’s largest trading partner, less awareness has been paid to the fact that India has also become an important destination for Australia’s exports,” a quarterly bulletin said. “In 2009, India ranked as Australia’s third largest export destination from being 15th in 1999, surpassing Australian’s more traditional destinations such as the United Kingdom and the United States.”
Gold, coal, education and copper were among Australia’s top exports to India, while the biggest imports contain electrical parts, information technology and pearls and gems, the RBA said.
Australia recorded a trade surplus with India of 15.5 billion dollars (14.5 billion US) in 2009, second only to its extra with long-standing partner Japan. The RBA said the population of India, distinct that of China and other Asian countries, was expected to grow steadily, with the United Nations projecting it would become the world’s most crowded nation in the next 20 years. “India’s long-term economic growth is likely to benefit from a working-age population that is estimated to grow until at least the middle of this century, unlike countries such as Japan, South Korea and China”.
Globally, the RBA said India’s share of trade had tripled in the past 20 years to 1.5 percent, underpinned by strong output of processed petroleum goods to the United Arab Emirates. “Prospects for enlargement over coming years have improved noticeably.
“Strong growth in India is also expected to see a deepening of the bilateral trade relationship between Australia and India.” The bank added that foreign ownership of Australian shares and bonds had also soared during the global financial disaster, with offshore investors now accounting for about 50 percent. It said foreign investors had been concerned by Australia’s financial stability backed by a strong banking sector.

Zimbabwe seized a secret auction of diamonds from its Marange fields, where the army has been accused of forced labour and torture, an official says, “Yes, the sales were approved out this weekend,” Secretary for Mines Thankful Musukutwa told AFP, without giving extra details. The sale on Saturday and Sunday was supervised by Abbey Chikane, the monitor from the international Kimberley Process watchdog, another official said on condition of anonymity.
Kimberley method is charged with preventing the sale of “blood diamonds” used to fuel armed conflicts, but in November the controller banned sale of the gems from Marange after its investigators found soldiers had beaten nearby people and forced them to mine the stones.
The weekend sale was the second and last auction authorised by Kimberley until its investigators certify that the military has ended rights abuses in the fields near the Mozambican border. Musukutwa said, “We will not be releasing the quantity or amount that was generated because these were private sales by private companies”.
“No other country in the world releases their sales facts or quantities. When it comes to the issues of diamonds we must be chary as a country because of the sensitivity of the issues associated with them”. Zimbabwe says the military no longer runs the fields and has constricted operations at Marange to two little-known South African firms, Mbada Diamonds and Canadile Miners. A third company associated to a Chinese firm has also been allowed to operate there. The first Kimberley-backed sale generated about 30 million US dollars, according to government facts.

ZIMBABWE will not declare the sale of diamonds in future for security reasons and in line with international standards, the Mines Ministry said, The Mines and Mining Development Ministry said diamond sales should be private like somewhere else in the world.

However, the ministry said keeping the lid on prospect sales did not mean that government was hiding something, as maintaining the requisite security standards was critical towards successful diamond sales. Diamond buyers prefer to bid for the precious stones far from the prying attention of the media, it said in a statement

Zimbabwe last month sold 1,1 million carats of diamonds from the two companies mining in Chiadzwa - Mbada and Canadile – after industry regulator the Kimberly Process documentation System allowed a once-off supervised sale while it checked levels of compliance with minimum production standards.

The KPCS had last November barred sale of the gems after some Western countries and civic groups alleged human rights violations in their production. In terms of the agreement Zimbabwe reached with the KPCS, a second supervised sale would be conducted this month after which if the controller was satisfied, the country would be allowed to resume sales without conditions.

Zimbabwe grossed US$54,5 million from the August supervised sale after the two mining companies in which it owns 50 percent took their splits.