Diamonds & Engagement Rings News

The great diamond company, M. Fabrikant and Sons has just gone bankrupt leaving members of the Fortgang family, former owners of the company fighting a case. Court papers stated that a week after the judge had ordered all of the family’s possessions taken away from them, they had won a hearing and were granted monthly “personal allowance.”

The court’s order that was made on June 18th by U.S. bankruptcy court judge Stuart Bernstein authorized U.S. marshals to make sure and confiscate possessions of the members of the Fortgang family, even if it means forcing their way into the family’s apartments on Fifth and Park avenues in Manhattan as required.

The order that was issued on June 18th was in response to a complaint filed by the Shared Assets Trust” of Fabrikant lenders and creditors, who are looking to recoup assets.

Lenders and creditors state that members of the Fortgang family abstracted funds to link companies before file for chapter 11-bankruptcy protection.

However, while the June 18 order was going through, Hunter Carter of Arent Fox LLP, attorney of the Fortgang family sent a letter to judge Bernstein asking for a hearing on the issue. Fox stated that his clients “stand to be irreparably damaged by some of the provisions” included in the order.

According to court documents filed on June 24th Fox’s request for a hearing had been granted.

As they wait for their hearing, Matthew, Charles, Susan, Marjorie and Theresa Fortgang won the right to monthly personal allowance of funds from their respective banks.

The family members will also be asked to give evidence in the case, and their lawyers are cooperating with requests for discovery regarding the suspected change of funds.Â

According to news reports, Uma Thurman, the charismatic actress and Arpad “Arki” Busson, London financier are engaged. If the actress goes through with the plan and marries Busson, this will be Thurman’s third wedding.

Thurman has been previously married to Ethan Hawke, and had two children with him. The marriage ended in a divorce in 2003. Uma was also married to the actor, Gary Oldman. Busson had been married as well with the supermodel Elle Macpherson and had two sons with her. Their relationship had ended in 2005.

Stephen Huvane, Uma Thurman’s representative confirmed the rumors of her engagement saying, “I can confirm she is engaged.”

                  

The couple began dating last summer and had a growing relationship  in a short period of time. Businessman Busson is the founder and chairman of EIM Group, which is a fund management business based in London.

Busson proposed to Thurman with a diamond ring so big, “she can’t fit it through the sleeve of her coat,” New York Daily News quoted a friend of Thurman’s.

Earlier in the month, Jack Jordan, 34, had been put on probation in the U.S. for stalking Uma Thurman and harassing her children for the past two years.

 Thirty eight year old, Uma Thurman acted in several different movies ranging from romantic comedies and dramas to action thrillers and science fiction. Thurman is known best for her acting in “Pulp Fiction,” “Kill Bill” and “The Producers.”¼/p>

Who ever said that Cameron Diaz is engaged has got it all wrong!

Although Cameron was seen wearing a huge looking engagement ring on her ring finger, it has been confirmed by Cameron’s publicist that the actress is not engaged to Paul sculfor, saying, “It is not an engagement ring. It is her own ring, designed by her friend Lenore Marusak for La Paiz.”

Cameron’s friend, Marusak, is a producer who worked with the once in love couple, Nick Lachey and Jessica Simpson, on their MTV show, Newlyweds.

As Diaz and Sculfor left a dinner on Wednesday night, paparazzi went mad thinking the ring on Cameron’s finger meant an engagement. E! Online had the nerve to say that the dinner was not even a date, making the thought of engagement even more believable.   

                            

For the past year, Diaz has been with both, Justin Timberlake and Jared Leto. However, she has not settled with anyone just yet.

 Diaz was not trying to hide her ring. In fact, it appears as if she was trying to show it off.

Jacob Arabov, 42, a Manhattan jeweler to celebrities was caught and fined $50,000 in federal court in Detroit for lying to federal about the possessing jewelry that he got from a major cocaine trafficker.

In October Arabov pleaded guilty after lying about the ownership of $5 million worth of jewelry taken from the drug suspect, Terry Flenory and how connection with the “Black Mafia Family.” His case had a possibility of sending him to prison for 37-46 months. Except, the U.S. District Judge Avern Cohn had leniency because Jacob was known for being charitable and gave him until January 15th to report to prison for 30 months.  

                                

The jeweler told agents that he hadn’t actually sold the items, but loaned them to Flenory to help Flenory get the jewelry back. Both, Flenory and his brother, Demetrius Flenory are a part of 63 people that were suspected since the case in 2005. Why Arabov lied for Flenory is unclear at this point. The brothers pleaded guilty and are now waiting for the result in their case.

Arabov is quoted telling Judge Cohn, “I feel ashamed that I broke the law of this country that’s been so good to me and my family.”

Arabov is a Jewish immigrant from Uzbekistan who moved to the U.S. with his parents as a teenager. He entered the jewelry trade and later on opened the prominent jewelry store in Manhattan Jacob and Co. Many of his clients were celebrities who included hip hop star, Elton John and other entertainment and fashion celebrities.

Arabov did not need to cooperate against other defendants, but he did agree to forfeit $2 million to the government. In addition, one of his lawyers assured him that his business would continue running during his absence.

Dawn Ison and Michael Leibson, assistant U.S. Attorneys say they were very much satisfied with the outcome of Arabov’s sentence. The case was thoroughly inspected by the Drug Enforcement Administration and IRS Criminal Investigation.

                                                                    

Rob Patterson has finally proposed to Carmen Electra after being on friendly terms with her for the past eight years. The startling part of this proposal is the engagement ring, which is a black diamond set into white diamonds. Carmen says she likes the ring because of its gothic look.

                         

While visiting the Seminole Hard Rock Casino in Hollywood, Carmen started discussing marriage and kids. The actress was dressed in a blue sparkling cocktail dress designed by Jenny Peckham, who was dealt the first hand of blackjack ever played at the casino.

                                                         

During the casino’s new card game, Rocker Patterson smashed his guitar while confetti exploded and at once, proposed to Electra on her 36th birthday, on April 20th at Pure Nightclub in LA.

Patterson, who is 37 and a former touring guitarist with the alternative rock band Korn tells PEOPLE, “she is beautiful and “she’s a really great girl.”

Electra has been previously married to rocker Dave Novarro and NBA star Dennis Rodman. These relationships have definitely let her know how difficult it is to make a relationship work. Electra tells PEOPLE, “You have to stay connected and make an effort… We are taking it slow and have no wedding date yet.” she continues saying, “We connect on a lot of different levels.”

As for having children Electra tells the media, “Someday we will… Deep down i feel like I’m ready. But it’s a big commitment. I don’t know.”

Meanwhile Electra and Patterson are testing the waters with three small dogs. Electra speaks for the both of them saying, “We are very happy!”¼/p>

The famous 50-year-old Emmy Award-winning talk show host, Ellen DeGeneres has finally been able to legally propose to her 35- year old girlfriend. Portia De Rossi is presented with a Neil Lane engagement ring With pink diamonds.

 Since there is only one main source for pink diamonds to be produced in the world, they are known to be extremely rare and very pricey.

                             

Soon after the Supreme Court of California ruled same sex marriages to be legal, the marriage of Ellen DeGeneres and Portia De Rossi was announced.

The couple is now dealing with plans for their “dream wedding.” Part of the ceremony will be aired on the DeGeneres talk show.

DeGeneres is quoted saying, “I can’t wait to be married. I feel like it is long overdue. And I think someday people will look back on this like women not having the right to vote and segregation and anything else that seems ridiculous like we all don’t have the same right.”

The couple has been together since 2004, with anticipation for this time to come.

It seems as if engagement rings have become the new fashion for the celebrity world. It has turned into a Hollywood trend now for young celebrities, such as Eva Longoria Parker, Stacy “Fergie” Ferguson, Jessica Alba, Ellen Pompeo and Katherine Heigl, to find love. They have also very much fallen in love with their engagement ring.

The style and type of engagement ring a woman chooses significantly defines her. Jewelry experts describe an engagement ring as individual as the person who wears it. There are three most popular engagement rings worn by celebrities and each has their own definition as to what the style means.

Fancy-shaped diamonds are emerald, marquis, oval, pear and cushion shaped diamonds. Although round diamonds are undeniably the most acknowledged shape for engagement rings, fancy shaped diamonds have become an exception to some celebrities defining them as fashion forward people with distinctive style. Ellen Pompeo (emerald), Victoria Bekham ((marquis), Katherine Heigl (pear) and Eva Longoria Parker (emerald), are a number of celebrities with remarkably shaped engagement rings.

A vintage styled engagement ring is another uniquely designed ring, which is romantically and lavishly crafted. This particular design is definitely exclusive but not too hard to find. Cool metals such as palladium, platinum and white gold structure beautiful vintage styles. Vintage inspired rings describe a person as passionate, optimistic and hopelessly romantic. Such celebrities include Kate Walsh, Jennifer Love Hewitt and Christina Aguilera.

Brilliant colored diamonds make engagement rings appear more vibrant and vivid, identifying with the person’s happy and colorful time of getting engaged. Now diamonds come in almost every possible color, but are much more rare making them also much more expensive. However, small stones could also be designed to appear much larger and be catchier to the eye. Women with brilliant colored engagement rings want to attract attention are lively, energetic and pine for luxury. Heidi Klum, Brooke Mueller, and Rebecca Romijn definitely fall under this category, all having yellow engagement rings.

Engagement rings and wedding bands stand out as reminders of lasting love and devotion of a husband and wife. Some even get passed down through generations making the memory stronger and continuous.

Drinking Champagne has just become more stylish and luxurious with diamond-encrusted glasses worth close to half a million dollars. An Australian Jeweler has exposed the most expensive champagne glasses, embellished with 1,700 white and pink diamonds worth $400,000.

John Calleija, designer of the two exquisite diamonds stated that even after having five jewelers working on the two glasses, it took more than three months to individually carve out each glass from 8kg blocks of quartz rock crystal.

Each glass stands 15cm tall, weighing 250 grams. Together, the crystal glasses are covered with 15 carats of white diamonds and another six carats of pink rare diamonds. The glasses are completed with platinum 18-carat white and rose gold.

                     

Mr. Calleija was said to be experimenting with his designs when he came up with the brilliant idea, which easily led to the idea of diamond-encrusted chopsticks as well.

He mentioned to AAP, “I just wanted to get into a different are of objects, like luxury goods. I drew a whole series of diamond-encrusted letter openers, salt and pepper shakers, scissors, everything, even chopsticks… But I drew the glasses and there was just something about them.”

At first the designs seemed to be only a foreign dream, but after showing them to one of his long-term clients, the client instantly ordered the expensive work of art custom-made.

Even after Calleija warned his client of the cost it would be, the client insistently said he’d like to put his hand up for them and decided he would take them.

The buyer, who was a Melbourne businessman said that he would cherish these glasses and promised to turn them into family heirlooms.

These beautifully delicate glasses were said to be the pride and joy of Mr. Calleija and his group. He says, “Tears were coming from their eyes because they know how much this has been a labour of love.”  Â

The world of engagement rings has made a big turn in style. While rock sizes increase, engagement bands holding the diamonds, shrink. All that’s left is skinny loops of metal holding up huge stones.

The owner of David K. Jewelers from Los Angeles, states that in the last three years there has been a 60% increase of customer requests for bigger stones, such as three-carat diamonds. These stones are being paired on a platinum setting with hair-splitting widths of two millimeters compared to three-ten millimeters in the past.

David Gaudjeian from David K. Jewelers says, “The thicker, gaudier rings are out….Customers really want to show off the diamond and not cover up the finger.”

Blue Nile, the famous online jeweler claims that the four-and-six-prong platinum setting can hold a stone as big as twenty carats for their engagement rings. their engagement bands are made in such a way, which create an illusion of a small diamond having a very large appearance.

The average cost of an engagement ring nowadays is $5,400. What customers definitely pay for is the diamond, but most of the work is actually the setting and fitting of the diamond into the shank. having side stones set into a ring just adds to the difficult work, making it more complicated to set.

However, this delicate ornament does not fit for every bride-to-be. These types of jewelry tend to bend easily or even ruin the diamonds sometimes. having to fix the ring or diamond ends up costing customers a good fortune. Gaudjeian warns women that if they go to the gym and lift weights or are in active sports, such jewelry should not be worn.

Scintillating Jewels once belonging to Christina Onassis, a Greek shipping inheritor sells for a good $14 million at an auction, Christie’s said today.

The most astounding of the 44 jewels that belonged to Christina Onassis was a pear-shaped 38-carat diamond on a diamond pendant necklace. This glitzy piece of art, aside from the rest of her jewels, sold for $7.5 million.

               

Christina Onassis had been married and divorced four times, throughout her lifetime. She was born in New York to the shipping magnate, Aristotle Onassis, and took over his empire once he passed away.

Christina died in 1988, at age 37 from fluid in her lungs, a daughter named Athina, behind.

Christina’s collection of jewels was part of a larger jewelry auction, which consisted of 230 rings, necklaces, bracelets, single stones, pearls, and other pieces from jewelers such as Cartier. The jewelry in total brought in a sum of $31 million. The auction had reached a record in any jewelry auction in Britain.