Jan 31, 2010

Posted by admin | 1 Comment

Hope Diamond

Is there anyone who hasn’t at least heard of the famous Hope Diamond? Many people are surprised when they first learn that this famous stone isn’t a clear diamond, but instead is a brilliant blue stone, surrounded by white diamonds and suspended from a diamond necklace.

It first appears in history in the mid 1600s when it was purchased by a merchant named Jean Baptiste Tavernier, who sold the stone to Louis XIV of France. At that time it was a 112-carat stone, described as having a beautiful violet color. It was recut into a 67-carat stone and the color was named French Blue. During the French Revolution, the diamond was stolen during a looting of the crown jewels. It reappeared in 1812, but recut once again and was acquired by George IV of England who had to sell the stone to pay off debts. The exact transaction is unknown, but the diamond is next found as an entry in the collection of Henry Philip Hope, whose name is attached to the diamond to this day.

Eventually the stone was owned by the Cartier jewelry firm in Paris and purchased by Evalyn Walsh Maclean of Washington, DC. It was at her request that the stone was reset and made into the necklace that we know of today. It was acquired by Henry Winston who purchased it from Mrs. Maclean’s estate in 1947 and eventually became part of the Smithsonian Collection.

There is a long-standing legend of a curse attached to the Hope Diamond, which the story says was plucked from an idol in India. True or not, many who have owned the Hope Diamond have met with misfortune, including the Hope family, who supposedly went bankrupt from owning the diamond. It’s possible that the whole concept of the curse originated with Pierre Cartier who sold it to Mrs. Maclean with the story of a curse, because she thought objects surrounded with bad luck were actually good luck for her. Sadly, Mrs. Maclean’s first son was killed at age 9 in a car accident and her 25-year old daughter committed suicide. Her husband was declared insane and was institutionalized until his death in 1941. Was it part of a curse?

Possibly related posts: (automatically generated)

Read More
Jan 25, 2010

Posted by admin | 0 Comments

Diamond durability

Diamonds are among the hardest substances on earth; in fact they use diamonds and diamond dust to cut diamonds. Other gemstones are hard as well, but not nearly as hard as a diamond. Diamonds and other gemstones are measured by the Mohs scale.  It runs from 10 (hardest) down to 1 (softest). It is somewhat arbitrary and not linear. The range from 9 to 10 is much greater than 8 to 9.Harder minerals of course tend to be more durable and will not scratch easily. They’re good choices for jewelry because of their ability to withstand changes in elements or the arbitrary scratch or knock. Talc, with a Mohs hardness of 1, is the softest mineral and can be scratched with a fingernail.

Quartz is the most common gem mineral (citrine and amethyst) and ranges at 7 and above. Rubies and sapphires are nearly as hard as diamonds, with a scale of 9 on the Moh’s scale.

People mistakenly think diamonds are indestructible and this is not true! Pliny the Elder in his Natural History stated that “these stones are tested upon the anvil, and will resist the blow to such an extent as to make the iron rebound and the very anvil split asunder.” If you tried that, however, you would more likely shatter the diamond, rather than the anvil!

Many diamonds are cut to prevent accidental nicks, scratches and breaks. Except for the Princess cut, which is a square-cut diamond with pronounced corners, most corners on angular diamonds are rounded. A protruding point of a square or rectangular diamond could inadvertently  be knocked against a surface and chip or scratch.

Your diamond should be protected in a soft, velvet-lined case if you’re not wearing it. Have the setting checked periodically and have the stone examined by a professional. Your diamond is not only an investment in money, but an investment in yourself or your relationship and is worth the small amount of extra care it takes to preserve it forever!

Possibly related posts: (automatically generated)

Read More
Jan 9, 2010

Posted by admin | 1 Comment

Synthetic Diamonds

The first synthetic diamonds were produced by General Electric in 1954. A synthetic diamond is basically a rock that has the durability, refractive index and hardness of a natural diamond – but it is made by man. A synthetic diamond should not be confused with stimulant diamonds, such as glass, cubic zirconia, or moissanite.

Although the technology for synthetic diamonds came into play in 1954, no synthetic diamonds were ever seen on the
market until the 1990’s. This was due to the fact that it took many years for General Electric to produce a synthetic diamond that could compare with the quality of a natural diamond – and when they figured out how to do it, they found that it cost more to produce a synthetic diamond than it did to mine and cut natural diamonds.

Finally, a small company by the name of Gemesis Corporation figured out a way to produce synthetic diamonds that were of the same quality as natural diamonds, at a cheaper price. Today, Gemesis produces synthetic white diamonds, and colored diamonds as well. These diamonds sell for about 1/3 of the cost of a natural diamond, but there is a shortage of them, and they are hard to find. In fact, it seems that synthetic diamonds are rarer than natural diamonds!

Possibly related posts: (automatically generated)

Read More
Jan 4, 2010

Posted by admin | 1 Comment

Insuring Your Diamonds

Insuring a diamond takes a bit of thought, planning, and shopping around. Diamond insurance isn’t like purchasing car insurance. It is quite different. Depending on the state that you live in, there are basically three different types of policies that will cover diamonds, and all insurance policies that cover diamonds are considered Marine type policies.

The first type of insurance policies for diamonds is an Actual Cash Value policy. If the diamond is lost or damaged beyond repair, the insurance company will replace the diamond at today’s market value, no matter how much you paid for the diamond to begin with. This type of insurance policy for diamonds actually is not that common.

The most common type of insurance for diamonds is Replacement Value insurance. The insurance company will only pay up to a fixed amount to replace the diamond that was lost or damaged beyond repair. This does not mean that they will pay that amount – it means that they will pay up to that amount. In most cases, the diamond can be replaced at a lower cost.

The third type of coverage offered for diamonds is Agreed Value. This is sometimes called ‘Valued At.’ This type of coverage is very rare. In the event that the diamond is lost or damaged beyond repair, the insurance company simply pays you the amount that you and the company agreed upon. This is the best type of insurance to have, but it is rarely offered. If you can’t get Agreed Value coverage, Actual Cash Value coverage should be your next choice.

Your rates will be determined by the value of the diamond, the type of coverage that you select, and the area that you live in. If you live in an area with a high crime rate, you can expect to pay more for your diamond insurance coverage. It is important to remember that insurance agents are not qualified jewelers, and jewelers are not qualified insurance agents. It is best to get a certificate for your diamond, and to provide the insurance company with a copy of that certificate. This leaves the insurance company less room for arguments over the actual value of the diamond.

Don’t rely on separate coverage to cover your diamond. For instance, if you diamond is stolen from your home, it is probably covered on your home owner’s insurance policy – but the diamond probably won’t always be in your home, and once it leaves your home, there is no coverage.

Possibly related posts: (automatically generated)

Read More
Dec 9, 2009

Posted by admin | 0 Comments

Bonded Diamonds

Before you start shopping for diamonds, consider dealing with a bonded jeweler. Bonded jewelers sell bonded diamonds, and there are very few bonded jewelers in the world. In fact, out of all of the jeweler’s in the world, only about 5% of them are bonded. Buying a bonded diamond will cost more than buying a non-bonded diamond, but when you look at what you get with the bonded option, you will see that it is well worth the extra expense.

First, bonded diamonds have a buy back policy for the life of the diamond. No matter how long you have had the diamond, you can take it back to the bonded jeweler and sell it back to him or her, for a 100% refund. If a jeweler does not offer a 100% buy back guarantee, for the life of the diamond, then you should take a closer look at the diamond to see what is wrong with it.

Bonded diamonds also have a breakage policy. If the stone breaks or chips, the bonded jeweler will replace it with a new one – one time. No jeweler would ever offer such a policy on any stone that was not 100% natural, so just the offer of such a policy should give you piece of mind concerning the quality of the diamond. Bonded diamonds are natural and untreated.

Bonded diamonds increase in value, with a fixed appreciation rate that is designed to keep up with inflation. This means that a diamond that is worth a certain amount of money today will be worth more in the future, as the price of diamonds continues to rise. This generally does not apply to buy backs, however. It typically applies to trade-ins.

Alternately, by purchasing a bonded diamond, you are protected against the possibility of a market crash. If a market crash occurs, the value of diamonds will drop. However, the bonded jeweler guarantees to refund you the difference between what the diamond is now worth and what you paid for it before the market crash.

It may be difficult to find a bonded jeweler in your area, but if you can, this is who you want to deal with, as opposed to dealing with an un-bonded jeweler. Specifically tell the jeweler that you are only interested in bonded diamonds. You can find a bonded jeweler in your area by using various online resources, or by calling the local jewelry stores.

Possibly related posts: (automatically generated)

Read More
Nov 12, 2009

Posted by admin | 0 Comments

How To Buy Diamond Engagement Rings

There is much to consider when purchasing a diamond – especially diamond engagement rings! The tradition of presenting a woman with a diamond engagement ring when proposing began in 1477 when Archduke Maximilian presented a diamond ring to Mary of Burgundy – and in most cases, the woman you plan to propose to will expect a ring to accompany that proposal!

First, determine how much ring you can afford. Most people use the ‘two months salary’ rule. This means that the ring should cost the equivalent of two months of your current salary. Because you have other bills to pay, saving up this amount of money may take quite a bit of time. You should consider financing. Simply go to the jeweler of your
choice and tell them that you plan to buy an engagement ring, and that financing will be necessary. Go ahead and get the credit check out of the way, find out what your payments will be, and how much of a down payment is required.

Now, have your mother, sister, or your girlfriends best friend take your girlfriend shopping, and make sure that they gaze at the engagement rings to get an idea of what she might like. Make sure that the jewelry store you buy the ring from will allow you to return the ring, if that is required, or allow your girlfriend to exchange it for another if she isn’t happy with it!

Possibly related posts: (automatically generated)

Read More