Wednesday, March 23, 2011

Monday, March 21, 2011

Metal Prices Changeable Following Japan Quake

Earthquake and tsunami in Japan have an impact on changes in market prices of precious metals. The gold price is schdeuled to gain for a second day as unrest in the Middle East and North Africa, and Japan’s nuclear crisis boost demand for a protection of wealth. Platinum and palladium have touched three-month lows, reports Bloomberg.

Immediate-delivery gold bullion in fact declined $1.24, or 0.1 percent, to $1,397.64 (£865) an ounce according to the FTSE in London this morning. Gold for April delivery was 0.1 percent higher at $1,398 (£866) an ounce on the Comex in New York.

Demand for precious metals has been changeable in the past few weeks, with demand for silver rising 0.4 percent to $34.3625 (£21.28) an ounce. The silver price has dropped 6.5 percent since climbing to $36.7525 (£22.76) last week, the highest level since February 1980, when the metal reached a record $50.35 (£31.19) in New York.

Palladium was up 1.3 percent at $707.50 (£438) an ounce after earlier today falling to $688.25, the lowest level since November 30. Palladium had slumped 18 percent since hitting its highest price in a decade last month.

Bloomberg also reported, Platinum has dropped as much as 2.2 percent to $1,657.75 (£1,026) an ounce, the lowest price since December 1, and was last little changed at $1,695.57 (£1,050) yesterday.

Sunday, March 20, 2011

Lady Gaga Creates Bracelet for Japan

Pop star Lady Gaga has showed her support for victims of the tsunami in Japan by creating a fundraising bracelet.

The star, famous for hits such as Poker Face as well as her outrageous sense of style, is now selling a simple white bangle on her website with the message “Pray for Japan” in English and Japanese and an image of a hand.

The price has been set at US$5 but the site is urging shoppers to increase the amount they pay at the checkout to help raise cash for Japan relief efforts, to which it claims all the proceeds from the bangles will go.

Lady Gaga’s website sells a vast selection of official merchandise, including jewellery. Some of the jewellery on sale at the site ladygaga.shop.bravadousa.com, includes necklaces with key, moniker, telephone and cross charms, as well as a rose motif ring in the style of Lola Rose.

Angelina Jolie co-Designs Charity Jewellery Collection for Asprey

World famous A-list actress and humanitarian Angelina Jolie is to co-design a range of statement jewellery with former Asprey CEO and friend, Robert Procop.

The line, named The Protector, will be designed and sold with all of the proceeds going towards Jolie’s charity, the Education Partnership for Children of Conflict which helps child victims of war and natural disaster. According to reports however, the pieces will not be available in even the most high-end shops and will instead only be available if you are a customer of Procop.

The pricey pieces from the "jewelry celebrities collection" reportedly include a pale green 353-carat pendant and a tablet-shaped 12.02-carat emerald ring set in rose gold.

Angelina Jolie has long been a fan of Procop, recently being pictured in one of his pieces, a faceted black necklace set in rose gold, at the Berlin premiere of the film Salt earlier this year. This is the second time Jolie has collaborated on a jewellery line, after she and her partner Brad Pitt designed a capsule collection for Asprey last year.

Japanese Diamond Industry Escapes Deadly Tsunami

The earthquake and resulting tsunami that swept through Japan has caused thousands of fatalities. No members of the Japanese diamond industry have been hurt by the tsunami that has ravaged the country, according to the World Federation of Diamond Bourses (WFDB).

The WFDB said that to its knowledge no members of the Japanese diamond trade have been affected by the earthquake and resulting tsunami that led to the death of thousands of Japanese people last week. The WFDB added that it would be offering support to the Tokyo Diamond Exchange.

WDFB president Avi Paz said: "We have all been shocked and horrified by the pictures we have seen following the earthquakes and the tsunami. Our hearts go out to the people of Japan at this terrible time, particularly to the families of those who have perished.

"The WFDB is a global family and we all come together at times like these. On behalf of the WFDB, I would like to send my heartfelt best wishes for a speedy recovery, and to offer any help and support to our colleagues in Japan, particularly to our friends and colleagues at the Tokyo Diamond Exchange."

Friday, March 18, 2011

Top 5 Famous Jewelry Thefts

Most people love the thought of owning a closet, or even room, full of gold and jewels. In fact, some people love the thought so much, that they are willing to steal for it. While most thefts are petty, poorly planned, and highly unsuccessful, others are grand enough to make history. Even though today there are many jewelry insurance, however, the discovery of the theft of the Jewels in another side caused great concern and sometimes become an interesting story and full of mystery for some people. These five thieves were so maliciously cunning that they will be remembered, however spitefully, for years to come.

#1 The Harry Winston Robbery. The Harry Winston store in Paris was robbed in the December of 2008. The Harry Winston boutique is on a street off Paris' famed Champs-Elysees Avenue dotted with fashion houses and fashionable cafes. The robbery, carried out while Christmas shoppers strolled outside, was among the most audacious in France in recent memory. What sets this robbery apart, aside from the fact that over $108 million of jewelry was stolen and not known the value of 'jewelry insurance' company losses due to this theft., was the fact that the three robbers came in disguised as women. However, these “women” were not very lady-like, as they forced the salespeople to loot the store at gunpoint. To this day, these “ladies” roam free, perhaps even wearing their plight.

Media crowded preach that armed men dressed in wigs and women's dresses entered the store on Avenue Montaigne near the Champs-Elysees shortly before their closing time. They took nearly everything on display and forced staff to hand off diamonds stashed away in the back. No one was injured and no shots were fired.

Some stolen rings, necklaces and watches were recovered when police rounded up 25 people in a June 2009 sweep and eventually charged nine of them. Among those charged was the heist's suspected mastermind, who had been sentenced to 15 years in prison in a drug trafficking case. Police found stolen jewellery and 760,000 euros ($A1.05 million) at this house. A guard at the Harry Winston boutique put police on the trail of the suspects. When investigators learned that an Israeli was expected in Paris to buy some of the stolen jewels, police moved in to make the arrests.


#2 The Damiani Jewelry Showroom Robbery. The Damiani showroom, located in Milan, was robbed in 2008. These thieves also showed some creativity and careful planning, as they accessed the showroom by slowly drilling a hole in the showroom’s basement through the basement of a construction zone next door. These thieves entered Damiani during a private showing, dressed up as hired police help, and walked away with over $20 million worth of gold and jewels.


#3 The Antwerp Diamond Center Robbery. In Feburary of 2003, the Antwerp Diamond Center in Antwerp, Belgium, was robbed of over $100 million worth of diamonds. The Antwerp Diamond Center holds 160 underground vaults that are used to hold diamonds. In this robbery, 123 of the 160 vaults were emptied, by a group of burglars known as the School of Turin. While many of the the robbers were caught and punished, the jewels were never found.


#4 The Museon Museum Robbery. The Museon Museum of Science, located in the Netherlands, housed an exhibit that showcased a number of royal jewels. These jewels, which were worth around $12 million, were stolen in the December of 2002. No alarms were ever set off during the theft and the only damage to the museum was the shattered glass of the exhibit that held the jewels. To this day, the theft completely baffles the local authorities.


#5 The Schiphol Airport Truck Hijacking. While traveling to the Schiphol Airport in 2005, a KLM Cargo truck carrying approximately $118 million worth of diamonds was intercepted and hijacked by men wearing authentic KLM uniforms. While the exact amount of diamonds that were stolen was never determined, if it was, in fact, $118 million, this robbery would rank in as the largest diamond theft to date and may also to the rank of the jewelry insurance losses that must be shared.