Glittering Stones News,Diamonds news,Gems and jewelry news

Source - christies.com

The New York sale featuring Catherine’s great Emerald Brooch and Emperor Maximilian diamond totaled $41,246, 325 with 85 percent sold by lot and 92 percent sold by value.

The perfect heart shaped (D flawless) diamond of 28.88 carat which sold for $3,778,500 or $133,000 per carat was top of the sale. The emperor Maximilian was sold for $1.7 million to private US buyer. The Catherine great emerald brooch was sold for $1.6 million to private Middle Eastern buyer.

Source - christies.com

Source - christies.com

From Surat Diamond jewellery exports to USA. The USA government diminishing duty at no cost admission to them.

A lot of exporters from the Surat diamond capital consider this will have an effect on badly affect their earnings as they will at the present have to pay 6.5 per cent charge.

In the previous one year, the gems and the diamond jewellery from Indian industry witness 2.74 per cent development in this bussiness. Overall gems and diamond jewellery exports to the USA be $ 17.1 billion in 2006 to 07 compare to $ 1.6 billion in the earlier year. Diamond business peoples are vexed also because they usually have a earnings border of approximately 4 – 5 per cent. And now they have to contract with a six per cent duty.