Diamonds & Engagement Rings News

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.

Once thought to be little more than trinkets, old jewelry stuffed away in attics and keepsakes in boxes has suddenly become a small treasure because of the extraordinarily high price of gold and silver.

Gold which is now being sold for $900 an ounce has more than dubbeld compared to four years ago and silver has hit a record high of $20 an ounce up from last years $7.

People are now walking into stores and selling there gold and silver some people have even resorted into selling the metal coupling out of their air-conditioners and walking out of the store with thousands of dollars.

However lucky these prices are not making a dent in those people who are wishing to buy engagement rings.

These people don’t care that the gold or silver in their engagement rings are going to cost more because it is believed that when the economy is going through some rough times gold and silver is looked at to be rarity and beauty and who wouldn’t want to have that.

For more information about the prices of gold and silver and where you can if you are interested in selling click on the link below.

http://www.redorbit.com/news/business/1338071/

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It’s no surprise that Jamie Lynn Spears amt up her own engagement rumors buy flaunting her diamond engagement ring.

However while Jamie Lynn took no problem in flaunting her ring; but when it came time to confirm the rumors she wouldn’t do such a thing.

If Jamie Lynn’s ring is turley an engagement ring than why is she wearing it on the wrong hand?

Celebrity jeweler Cynthia Wolf who designed older sister Brittany’s engagement ring says “it looks like a round diamond very 1980’s, with a yellow gold band. It looks like a wedding set with two different bands.”

Cynthia estimates that the ring is only about a half carat and probably cost between 8,000 and 10,000 if it was custom made; but if bought off the shelf it could cost much much less.

Have you ever had those months where you feel as if your skin is awful and you have blemishes everywhere. Well this new treatment may be a bit costly but it sure makes your skin feel like gold and look outstanding.

It’s called a Pure Gold Essence facial and it cost about 999.9k. This facial moisturizes and detoxify the skin.

It begins with the usual routine of makeup removal, cleansing and a scrub. Than when it comes to the treatment you would think you would have your face plated with the dense liquid.

Well to every-ones surprise it’s a mixture and it has a light floral fragrance that feels cool and light on your face.

Than once this gold mixture is applied to the face they use a handheld massage that uses pro5s technology. The Pro5s can speed up the skin’s healing process for the coveted youthful glow.

This facial and Pro5s technology not only helps to melt away your days worries but it will also help to enhance the gold essence into your skin.

This treatment can be found at all Expressions outlets at s$100(w/o GST) per treatment. It truly is amazing

As the day came to an end and the market’s came to a close yesterday we left with gold being worth $985 an ounce.

Coins and currency have been booming this past year. When people realize how much they can get for there little gold coins that are tucked away so nice in there jewelery boxes its almost as if the have won the lottery.

With the price of gold being so high it has started a small trend of its own “GOLD PARTIES” and why would someone not want to have one. During the party all your friends and family can bring in there gold rings  gold jewelery ext. and have an expert check them out.

If you’ve got the right stuff you can get a very large pay out. So with that being said if you have something that’s just tucked away collecting dust and its not that important maybe it’s time for you to have some luck and a nice payout.

When choosing that extra special ring, it’s hard to pick the right one. So how do you know you’re getting exactly what you want? Here are some tips to help you on your journey of picking out the perfect ring.

There are four colors to choose from yellow gold, white gold, palladium (silver) or platinum. If you or you partner like the yellow color of metal surrounding your diamonds than this is the best way to go.

If you like a white color you may prefer to go with white gold; however; with white gold you need to keep in mind that as time goes on it will lose its whiteness due to wear.

If you like a silvery white color than palladium is the way to go for you. This is white color that last however it can be a bit less treasured than platinum.

For an eternally white, whose beauty and rareness will be treasured for generations and generations to come. Than platinum is going to be your number one way to go.

You also need to be sure to keep a few other things in mind when choosing the perfect engagement ring; ready because here they are.

1. Intrinsic value

2. Life span

3. Purity

4. Surface strength

5. Restorability

6. Rarity

and last but not least

7. Hypoallergenic qualities

Choosing the right metal for your engagement ring  and those extra special diamonds can be hard to do, but, hopefully with these little tips you will be on your way to landing the perfect engagement ring  and that perfect girl.

High oil prices, a weak dollar and fears of a U.S. recession continue to push the price of gold skyward.

Bloomberg news reported that gold futures for February delivery rose to $906.40 an ounce on the Comex division of the New York Mercantile Exchange.

The first time gold topped $900 an ounce was on Friday, when the price jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone, The Associated Press reported.

“It’s a reflection of market sentiment: Gold is a hedge against uncertainty and right now it’s the best bet,” Carlos Sanchez, a precious-metals analyst at CPM Group in New York, told the AP. “None of the other investment options look that great and gold does.”

Despite topping $900 an ounce, when adjusted for inflation, gold remains well below its all-time high. In 1980, gold cost $875 an ounce, which would equal $2,115 to $2,200 an ounce today.

Bloomberg reported on Tuesday that prices increased for platinum, palladium and silver as well.

Silver for immediate delivery rose $2.63 to $16.4113 an ounce, platinum increased $1 to $1,578 an ounce, and palladium gained $1.25 to $379.75 an ounce.