Diamonds & Engagement Rings News

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 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.

Diamond Prices have gone up yet again, pitching 12.3% in May. According to the IDEX Polished Diamond Price Index, the prices for the month of May have significantly exceeded prior months.

Large sized diamonds such as, three, four, or five carat stones have gone up to 47%, 64%, and 77%, topping the passed year by a great amount.

After having a stable market for about two months, prices soared on May 23rd and then again on may 27th.

There must be a major cause to such a great change to diamond prices and values. The U.S. own about half of the diamond jewelry produced in the entire world. When it happened to be that in the past the U.S. economy would slow down then the diamond demand also lessened making diamond prices diminish. This time the situation differs enormously. While the demand for diamonds was not as strong in the U.S. recently, the markets in all other countries around the world have been growing tremendously, demanding better quality and more diamond jewelry. At the same time, keeping diamond prices elevated.

Tiffany & Company is a perfect example of the drift of international markets. In the U.S. the sales of the company were doing poorly, while in all other countries, except for Japan, the demand for diamonds at Tiffany was very strong. The recent condition of the U.S. economy can be viewed as healthy for the industry rather than comparing it to global markets and viewing it poorly.   Â

A $5 million lawsuit was filed against Knoxville-based Jewelry Television by a Californian woman who claims that the network intentionally sold treated gemstones as if they were “extremely rare” and “all natural.”

Marliese Weed, who says that the shopping network engaged in “unfair and deceptive conduct”, filed the lawsuit on May 23rd. She believes it all started on January 2003 when Jewelry Television sold a gem identified as andesine-labradorite as being “all natural, among the most rare stones on the face of the Earth and the most collectible gemstone on the planet.” Weed had purchased more than$4,000 worth of stones only to realize that they were nothing more than what she calls, “mass-produced result of chemical face-lifts in gemological beauty parlors.” she says that the gems were bought from Mongolia, Mexico, and China for just pennies per carat and were sold for bizarre prices.

Other than weed, there were other complaints about the gemstones that were bought from Jewelry Television. Jewelry Television was disappointed at the customer and said that the woman filed a lawsuit without first taking advantage of their liberal return policies.

Jewelry Television had stated that the laboratories from which they bought their stones, had consistently confirmed that the gems were natural and untreated and this is what they relied on.

The company did admit to an incident that happened in January where gemstones were reported as being treated and that JTV told the customer about it right away. JTV states that they continuously told their customers about the stones that were treated as soon as they were discovered. JTV believes that the reasons the lawsuits were put against them were false and that they will be justified for it.

Jewelry Television was planning on building a new headquarter to add to their line, but this is now being put on hold due to their decline in business. Â

 Rihanna and Chris Brown buy each other pricey diamond necklaces worth $200,000. Although the two of them have been caught several times kissing, they remain hesitant about letting the public in on their romance.

The necklaces were bought at Jason Arasheben’s exclusive jewelry store in Beverly Hills. Of course the money to buy the necklaces was not a problem for the two of them.

Arasheben reports to the News of the World that while Chris was getting Rihanna a necklace with a heart theme, Rihanna got Chris a nice size diamond encrusted cross.

                       

It seems like Rihanna and Chris Brown have made it public enough to know there is something stirring between the two. Maybe its about time they announce their romantic involvement already?¼/p>

Waiting nearly four months with patience for this special occasion, the Giants were finally rewarded their Super Bowl rings at a ceremony held at Tiffany & Co.

Before walking into the very famous jewelry store in Manhattan to receive their rings. The football players walked down a blue carpet giving the evening a feeling of a Hollywood get-together rather than a football party.

Eli Manning, a quarterback had said, “This makes it official, but once the season starts, you’ve got to put it away.”

         

The ring is made of white gold and diamonds, which has a cost of $5,500.00 according to Tiffany, but an estimated value of $25,000.00. It was designed with the group effort of the Giant’s front office and four of the players.

At the ceremony, team officials got together, as well as coaches, trainers and 53 members of the squad that ruined the New England’s perfect season for Super Bowl XLI, 17-14. Gribil Wilson also made it to the ceremony flying up from Atlanta Thursday morning and Kawika Mitchell, a linebacker.

Mitchell mentions, “Winning a championship is great and all, but once you put that ring on your finger, it’s a whole other story.”

Four other people that were invited to the ceremony did not make it, these people were: Antonio Pierce, who was on his honeymoon in Hawaii, Jeremy Shokey, Reggie Torbor and Bryan Kehl.

Straham was one of the players who was planning on retiring but didn’t bring up the topic. Instead, he spoke proudly of his ring saying it, “was enough diamonds” and mentioned that he would only wear it on special occasions. When the topic of his future was actually brought up he answered, “We’re not even going there.”

“Tonight was about the past,” was what he said later in the evening.Â

Springfield, Ohio- Robbers vacated a jewelry store, running off with  most of the goods inside. According to police reports, Rolfes Jewelers, 619 W. Columbia St., was robbed between the hours of 6:15 p.m., Monday evening and 8:30 a.m.,Tuesday morning.

On Monday night right before the owner Steve Sahle, left his store he made sure the alarm system was on and everything was OK. Except, when he returned the next morning, everything in the store had been shattered, damaged and ruined in addition to the back door being open with a newspaper.

Sahle describes the disaster saying, “They took out the alarm system, broke all the showcases, things like that.”

Although much of the jewelry was stolen, shockingly, the items of customers that were left for repair were left in the same position, untouched.

Sahle asks the customers to be patient until the store can rebuild. Due to the damage that was done to the store, it will remain closed until Friday, May 23rd. They will need the time to determine how much of the goods were stolen and what was left behind.