Glittering Stones News,Diamonds news,Gems and jewelry news

A good part of the precious jewels in the Sree Padmanabha Swamy temple’s store of wealth had been stolen and some were gravely damaged.

This surprising revelation was made in the story of the advocate commissioners, deputed by the Thiruvananthapuram principal sub judge in 2008 to open the underground chambers of the temple and take out pooja utensils for the yearly Alpasi festival.

The commissioners, who opened two chambers, namely the Vyasarcone Kallara and Nithyadi Ara, found that 14 green colored stones of the thankakkuda, a golden umbrella with hanging tassels made of gold and green stones, were not working. Some of the clothes were missing. There were cracks in the umbrella, also.

Also, 44 golden hooks of vellippidyswarnakkuda, the golden umbrella with silver handle, were set up missing.

Instead these were replaced by hooks prepared of other metals.

The mulapalika with complicated designs and carvings had also developed cracks.

Two of the four silver bells of the kumbheeyam were also missing.

The commissioners suggested that the 11 gold articles stored inside the nila anki koottam, a big wooden box, should be weighed and numbered.

They also wanted the chaturbahi anki, a golden model of the deity used for processions, to be weighed for safety reasons.

The report states that the palace delegate and their lawyer had strongly conflicting a move to take the sample weight of one item in every category.

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Diamond rings were the top selling lots at Christie’s key Jewels Auction in New York on Tuesday, with two stick out jewels fetching over $1 million each.

The star sale was a ring with a 46.51 carat oval-cut middle stone flanked by two 1 carat pearl shaped diamonds.

The jewel, set in platinum, was knocked down for $4,226,500 a per carat price of nearly $91,000.

Another diamond and platinum ring, set with a 10.01 carat diamond and two slighter pearl shaped diamonds, went for $1,314,500.

A 19.22 carat emerald cut yellow diamond ring with a color grade of Fancy Light Yellow flanked by two trilliant cut diamonds sold for $458,500, and a colorless 10.42 carat emerald cut diamond ring was knocked down for $422,500.

While diamond rings dominated the sale, other jewels as well performed well, such as the pair of square cut yellow diamond earrings weighing over 17 carats each set in gold and platinum fetched $722,500.

In total, the Christie’s New York significant Jewels Sale brought earned over $11.7 million.

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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BILOXI — Police Detective Michael Shaw said, a former employee of Harris Jewelry & Electronics is accused of embezzling $400,000 in jewelry.

He said, More than 500 pieces of jewels are missing.

The company is in Edgewater Shopping mall.

Police arrested Mateya Rejane Perez, 23, on embezzlement blame Wednesday afternoon.

Shaw said, the business called police after an audit in December showed discrepancies from the last month.

Detectives dogged the jewelry was taken over 10 to 12 months.

“All kinds of jewelry moved out and we don’t know where it went,” Shaw said. “Either it was taken and sold for cash or she had help, She may not have done it alone.”

Perez, of Shore Lark Street in Gulfport, was booked at the Harrison County prison on $75,000 bond set by Justice Court Judge Bruce Strong.

The case remains under investigation and could lead to other arrests, Shaw said. A single count is punished by up to 10 years in prison.

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Jeweller Tara Jewels is scheduling to tap capital market with a public issue of Rs 200 crore. It has filed draft red herring catalog with the market regulator SEBI. The issue comprises a fresh issue of upto Rs 150 crore and an offer for sale of upto Rs 50 crore by by Fabrikant H K Trading Limited. The issue also includes a condition of upto 1% of the issue size for the eligible employees.
Tara Jewels is an included player in the jewellery industry with experience ranging from designing to retailing of jewellery. It conducts jewellery retail business under the brand “Tara Jewels” and will be rebranding it as “Tara Jewellers” shortly. Issue proceeds are planned to be used for the expenses of establishing retail stores and repay or pre-pay loans.
In the FY 2010 and FY 2009, it has achieved an collective production of 2562.91 kgs and 1551.50 kgs of jewellery, respectively. As on September 15, 2010 the company operates 15 existing stores.
Tara Jewels intends to start 15 proposed stores across India by December 31, 2010. Sales from retail operations jumped 511.83% to Rs 14.27 crore in FY 2010 from Rs 2.33 crore in FY 2009. It has reported total income of Rs 815.95 crore in FY10, an enlarge of 2.01% over previous year and net profit after tax of Rs 24.112 crore, an increase of 185.05% over FY09.