Friday, January 31, 2014

Diamonds in the News - 2013

The 59.6-carat Pink Star diamond lived up to its hype by selling for a world record price of approximately $83.4 million at Sotheby’s Geneva Magnificent Jewels sale.

When introducing the internally flawless fancy pink vivid diamond, David Bennett, chairman of Sotheby’s Jewellery Division in Europe and the Middle East, called it “one of the most remarkable gems to ever appear at auction.” The gem was mined by De Beers in Africa in 1999 and received the highest possible colour and clarity rating from the Gemological Institute of America (GIA). It weighed 132.5 carats in the rough, and was cut and polished over a period of two years by Steinmetz Diamonds
Christie’s Geneva sold the largest fancy vivid orange diamond ever offered at auction, weighing 14.82 carats, for a record $35,540,612, or $2.4 million per carat. The sale set a world record price per carat for any diamond sold at auction, as well as a world record price for an orange diamond.

François Curiel, International Head of Christie's Jewellery Department, said: “Time and again, a stone will appear on the market that is truly a miracle of nature. The 14.82-carat orange diamond is one such a stone, a rare gem, which will perhaps only be seen once in a lifetime."
A 118.28-carat, D flawless, type IIa oval-shaped diamond sold for $30.06 million, or $254,000 per carat, at Sotheby's Hong Kong sale of magnificent jewels.

Sotheby’s said the 118.28-carat diamond was the largest oval-shaped, D, flawless or internally flawless diamond ever graded by the GIA.
The most expensive necklace ever made was put on sale at Singapore's JewelFest show. It is estimated to bring $55 million.

The jewelry, known as L'Incomparable, features a large internally flawless brown diamond weighing 407 carats suspended from a rose gold setting with 90 white diamonds. It is 637 carats in total. The necklace was made by luxury jeweler Mouawad and features a yellow, with 90 white diamonds weighing nearly 230 carats. The rough stone was found in a pile of mining tailings by a young girl in the Democratic Republic of Congo.
In April, a 25.5 ct. blue diamond was recovered by Petra Diamonds Limited at the Cullinan mine in South Africa.

The rough stone sold for $16,910,180 (US$663,144 per carat).
Rio Tinto’s 2013 Argyle Pink Diamonds Tender has delivered a strong set of results, including records for the most valuable diamonds ever sold from the Argyle diamond mine, the firm reports.

Known as the ‘Red Edition’ with the inclusion of three fancy red diamonds, the 2013 Argyle Pink Diamonds Tender collection featured 64 pink, red and blue diamonds, ranging in size from 0.20 carats to 3.02 carats.
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How Diamonds Became Forever - NY Times
It was in 1947 when the real-life copywriter Frances Gerety coined the phrase “A Diamond Is Forever.”

As Ms. Gerety recalled in a 1988 interview with a co-worker, Howard Davis, she had just finished a series of ads and was headed to bed when she realized that she had forgotten to create a signature line. Exhausted, she said “Dear God, send me a line,” and scribbled something on a slip of paper. When she woke up and saw what she had written, she thought it was just O.K.
A few hours later, she presented her idea at a meeting. According to her, “Nobody jumped.” It’s hard to imagine a time when diamond engagement rings were not the norm. Last year, Americans spent almost $7 billion on the rings. But in 1938, when a De Beers representative wrote to N. W. Ayer to inquire whether “the use of propaganda in various forms” might boost the sale of diamonds in the United States, their popularity had been on a downward trend, in part because of the Depression.
N.W. Ayer conducted extensive surveys of consumer attitudes and found that most Americans thought diamonds were a luxury for the ultra-wealthy. Women wanted their men to spend money on “a washing machine, or a new car, anything but an engagement ring,” Ms. Gerety said in 1988. “It was considered just absolutely money down the drain.”

Still, the agency set an ambitious goal: “to create a situation where almost every person pledging marriage feels compelled to acquire a diamond engagement ring.”
“Sentiment is essential to your advertising, as it is to your product,” it counseled De Beers in a memo, “for the emotional connotation of the diamond is the one competitive advantage which no other product can claim or dispute.”

Meanwhile, Ms. Dignam was busy making sure average consumers saw diamonds everywhere. Her theory was that “the big ones sell the little ones.”
In the 1950s, N. W. Ayer started lending jewels to socialites and starlets for the Academy Awards and the Kentucky Derby. The campaign was a success from the start. After just two years, the sale of diamonds in the United States increased by 55 percent. In its 1951 annual report, N. W. Ayer noted that, “for a number of years we have found evidence that the diamond engagement ring tradition is consistently growing stronger. Jewelers now tell us ‘a girl is not engaged unless she has a diamond engagement ring.’ ”
http://www.nytimes.com/2013/05/05/fashion/weddings/how-americans-learned-to-love-diamonds.html?pagewanted=all&_r=0

A Diamond Is Forever,” has appeared in every De Beers engagement ad since 1948. In 1999, two weeks before the never married Ms. Gerety died at the age of 83, Advertising Age named it the slogan of the century.


Tuesday, January 28, 2014

Robert Gardner in the News, again - Update

VANCOUVER, British Columbia, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OLIE) (Olie) President, Robert Gardner, announces an emphasis in its 2014 Action Plan. In summary:

1) Olie purchases aged non-affiliate debt;
2) provides corporate advisory services, including corporate restructuring of client issuers;
3) consolidates compounding derivative liabilities;
4) issues stock dividends subject to FINRA approval;
5) retains PCAOB accounting firms to complete audits on pink sheet companies;
And now:
6) Olie will seek to acquire the issuers & their shareholder base as wholly owned subsidiaries, in exchange for anti-dilutive convertible preferred stock and management appointments within Olie.
Robert Gardner, President of Olie states, "The inherent value to the shareholders of Olie is that the shareholder base expands demonstrably as new companies are acquired. These companies will be audited, with low debt to equity ratios, and cash and/or assets on their own balance sheets. Olie's accounting team in conjunction with its auditors will file Condensed Consolidated Financial Statements. In this manner we plan to accelerate net stockholders' equity."
http://finance.yahoo.com/news/olie-adds-2014-action-plan-120500853.html

robertgardner@olieinc.ca

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Robert Gardner
The U.S. Securities and Exchange Commission has halted Olie Inc., a subpenny pink sheets listing run by Vancouver's Robert Gardner. The SEC says there are questions about the accuracy of publicly available information on the company. The regulator has provided no specifics, but Olie has many recent news releases in which the company claims to have deals worth tens of millions of dollars.
The halt is contained in a notice the SEC issued prior to the open on Monday, Jan. 27. It applies to Olie and a connected Florida company called Hi Score Corp. According to the notice, the SEC has temporarily suspended both companies because of questions "regarding the accuracy of publicly available information about both companies' assets, acquisitions, business activities, control persons, securities offerings, and financing arrangements." A suspension is necessary for the protection of investors, the SEC says.

For Olie, the halt comes amidst a flurry of news releases and heavy trading. Since Nov. 4, 2013, the company has issued 24 releases, with many containing details of proposed acquisitions. The stock has traded about 1.4 billion shares in that time, at prices between 0.03 cent and 1.6 cents.
Well at least Mr. Gardner isn't marching off to BCSC again to sling mud and protect that OH SO VALUABLE REPUTATION of his. I would wager Mr. Gardner won't be setting foot in America again anytime soon either. They know how to deal with career securities crookbags properly.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*SEC-2141536&symbol=*SEC&region=C


See ---> http://neer-do-well-hall-of-infamey.blogspot.ca/2012/11/yet-another-gardner-lawsuit.html


Panther by Cartier

The sleek black panther, a symbol of elegance, bold courage, and the allure of danger, emerged on the art scene several years prior to its debut in high jewelry.

La Panthère stalked onto the jewelry scene in 1919 with the involvement of Jeanne Toussaint at Cartier. Toussaint became the first woman to head the design team at a prestigious jewelry firm.

Her fascination with the big black cats of Africa is reported to have begun on the arm of her ‘discreet’ friend, Louis Cartier, who took her to Africa on a business trip.




Sunday, January 26, 2014

Synthetic Diamonds Primer

Dating back to the 19th century, there have been many claims for the creation of diamond in a lab.
For many years conventional wisdom was that diamond would form only under conditions of high pressure and high temperature (HPHT).

The first commercially available “manmade” diamond was produced at high pressure and high temperature by General Electric in 1956. HPHT growth imitates natural diamond formation, but with carefully selected input materials to catalyze crystal growth. Today, billions of carats of diamonds are manufactured annually by the HPHT process, mostly for industrial applications.
In 1954 a patent was issued for another type of diamond growth: the CVD (chemical vapor deposition) process. In the late 1980s, scientists discovered how to reproducibly grow diamond using the CVD process.

The CVD process is quite different from natural diamond formation. It produces diamond from a heated mixture of a hydrocarbon gas (typically methane) and hydrogen in a vacuum chamber at very low pressures.
The CVD process produces gem-quality synthetic diamond of great beauty, with properties virtually identical to those of natural diamond. Because of their high purity, these CVD products are type IIa.
Detection has advanced to the point where any CVD-grown sample can be identified with certainty. The CVD growth process itself occurs under conditions that bring about readily detectable features, including:

1. a low-pressure, highly energetic hydrogen-rich environment
2. the presence of silicon from grower parts
3. the presence of residual nitrogen in the grower
4. the layer-by-layer addition of carbon atoms on the growing surface

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SURAT: Experts appointed by Gems and Jewellery Export Promotion Council (GJEPC) to understand the landscape of man-made (synthetic or lab-grown) diamonds and its likely impact on the industry have started a secret operation to find out the units manufacturing synthetic diamonds in a clandestine manner in the world's biggest diamond cutting and polishing centre in Surat.

The small diamond manufacturers in the diamond hub of Varachha and Katargam have come under the scanner following reports of the large-scale mixing of synthetic lab-grown diamonds in the natural diamond parcels. Sources said there are some unscrupulous elements in the diamond industry polishing synthetic stones at secret locations in the city.

The polished synthetic diamonds are then mixed with natural diamonds and sold in the diamond markets located at Mahidharpura and Varachha.


http://articles.timesofindia.indiatimes.com/2013-12-30/surat/45708144_1_diamond-monitoring-committee-synthetic-diamonds-large-scale-mixing