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Privacy Policy

Privacy Policy

If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at rudys0407@yahoo.com

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Wedding ring

A wedding ring or wedding band consists of a metal ring, generally on either the left or right ring finger. In certain countries it is worn on the base of the left ring finger. In other parts of the world, it is worn on the right ring finger (see Post-wedding customs below).

Such a ring symbolizes marriage: a spouse wears it to indicate a marital commitment to fidelity. The European custom of wearing such a ring has spread widely beyond Europe.

Wedding ceremony customs

According to some customs, the wedding ring forms the last in a series of gifts, which also may include the engagement ring, traditionally given as a betrothal present. Other more recent traditions, encouraged by the jewelry trade, seek to expand the idea of a series of ring-gifts with the pre-engagement ring, often given when serious courting begins, and the eternity ring, which symbolizes the renewal or ongoing nature of a lasting marriage, sometimes given after the birth of a first child; and a trilogy ring, usually displaying three brilliant-cut round diamonds each, in turn, representing the past, present and future of a relationship.

A European tradition encourages the engraving of the name of one's intended spouse and the date of one's intended marriage on the inside surface of wedding rings, thus strengthening the symbolism and sentimentality of the rings as they become family heirlooms.

Among Eastern Orthodox and Eastern Catholic Christians, the exchange of rings is not technically part of the wedding service, but rather are exchanged at the betrothal. It is always a two-ring ceremony. Traditionally, the groom's ring will be made of gold, and the bride's ring made of silver, and are blessed by the priest with holy water. The priest blesses the groom with the bride's ring, and places it on the ring finger of his left hand; he then blesses the bride with the groom's ring and places it on her finger. The rings are then exchanged three times either by the priest or by the best man. In Greece both rings are always identical, plain bands, usually gold but sometimes platinum, and the betrothed wear them on the 4th finger of the left hand until the wedding, after which they are worn on the right hand. The Church of Greece has recently stopped performing betrothal blessings separately, as these were often non-committing, and a betrothal ceremony is the initial part of the wedding service anyway. In many families an informal blessing is now performed by the betrothed ones' parents in a family dinner that formalises the betrothal. While in modern times, the ceremony of betrothal is often performed immediately before the wedding (or "crowning" as it is more properly called), the actual symbolic act of marriage is not the exchange of rings, but the placing of crowns on the head of the bride and groom, and their partaking three times of the "common cup".

The custom that calls for the future bridegroom to give his future bride a jewelled ring upon proposing to her is also common among Eastern Orthodox and Eastern Catholic Christians, albeit this ring is not used again at the betrothal or wedding. Indeed it need not be a ring at all, but any piece or set of jewellery, such as a bracelet, brooch, earrings, necklace, tiara or, rarely, a whole parure.

Four C's

Carat

The carat weight measures the mass of a diamond. One carat is defined as 200 milligrams (about 0.007 ounce avoirdupois). The point unit—equal to one one-hundredth of a carat (0.01 carat, or 2 mg)—is commonly used for diamonds of less than one carat. All else being equal, the price per carat increases with carat weight, since larger diamonds are both rarer and more desirable for use as gemstones.

The price per carat does not increase linearly with increasing size. Instead, there are sharp jumps around milestone carat weights, as demand is much higher for diamonds weighing just more than a milestone than for those weighing just less. As an example, a 0.95 carats (190 mg) diamond may have a significantly lower price per carat than a comparable 1.05 carats (210 mg) diamond, because of differences in demand.

A weekly diamond price list, the Rapaport Diamond Report is published by Martin Rapaport, CEO of Rapaport Group of New York, for different diamond cuts, clarity and weights. It is currently considered the de-facto retail price baseline. Jewelers often trade diamonds at negotiated discounts off the Rapaport price (e.g., "R -3%").

In the wholesale trade of gem diamonds, carat is often used in denominating lots of diamonds for sale. For example, a buyer may place an order for 100 carats (20 g) of 0.5 carats (100 mg), D–F, VS2-SI1, excellent cut diamonds, indicating he wishes to purchase 200 diamonds (100 carats (20 g) total mass) of those approximate characteristics. Because of this, diamond prices (particularly among wholesalers and other industry professionals) are often quoted per carat, rather than per stone.

Total carat weight (t.c.w.) is a phrase used to describe the total mass of diamonds or other gemstone in a piece of jewelry, when more than one gemstone is used. Diamond solitaire earrings, for example, are usually quoted in t.c.w. when placed for sale, indicating the mass of the diamonds in both earrings and not each individual diamond. T.c.w. is also widely used for diamond necklaces, bracelets and other similar jewelry pieces.

Clarity

Clarity is a measure of internal defects of a diamond called inclusions. Inclusions may be crystals of a foreign material or another diamond crystal, or structural imperfections such as tiny cracks that can appear whitish or cloudy. The number, size, color, relative location, orientation, and visibility of inclusions can all affect the relative clarity of a diamond. The Gemological Institute of America (GIA) and other organizations have developed systems to grade clarity, which are based on those inclusions which are visible to a trained professional when a diamond is viewed under 10x magnification.

Diamonds become increasingly rare when considering higher clarity gradings. Only about 20 percent of all diamonds mined have a clarity rating high enough for the diamond to be considered appropriate for use as a gemstone; the other 80 percent are relegated to industrial use. Of that top 20 percent, a significant portion contains one or more visible inclusions. Those that do not have a visible inclusion are known as "eye-clean" and are preferred by most buyers, although visible inclusions can sometimes be hidden under the setting in a piece of jewelry.

Most inclusions present in gem-quality diamonds do not affect the diamonds' performance or structural integrity. However, large clouds can affect a diamond's ability to transmit and scatter light. Large cracks close to or breaking the surface may increase the likelihood of a fracture.

Diamonds are graded by the major societies on a scale ranging from flawless to imperfect.

Color

The most fine quality as per color grading is totally colorless which is Graded as "D" color diamond across the globe which means it is absolutely free from any color. The next is very slight traces of color which can be observed by any expert Diamond valuer/grading laboratory. However when studded in the jewelery these very light colored diamonds do not show any color or it is not possible to make out color shades. These are graded as E color or F color Diamonds. Diamonds which show very little traces of color are graded as G or H color diamonds. Slightly colored diamonds are graded as I or J or K color. A diamond can be found in any other color also other than colorless. Some of the color diamonds such as pink are very rare diamonds and are priceless.

A chemically pure and structurally perfect diamond is perfectly transparent with no hue, or color. However, in reality almost no gem-sized natural diamonds are absolutely perfect. The color of a diamond may be affected by chemical impurities and/or structural defects in the crystal lattice. Depending on the hue and intensity of a diamond's coloration, a diamond's color can either detract from or enhance its value. For example, most white diamonds are discounted in price as more yellow hue is detectable, while intense pink or blue diamonds (such as the Hope Diamond) can be dramatically more valuable. The Aurora Diamond Collection displays a spectacular array of naturally colored diamonds.

Most diamonds used as gemstones are basically transparent with little tint, or white diamonds. The most common impurity, nitrogen, replaces a small proportion of carbon atoms in a diamond's structure and causes a yellowish to brownish tint. This effect is present in almost all white diamonds; in only the rarest diamonds is the coloration from this effect undetectable. The GIA has developed a rating system for color in white diamonds, from "D" to "Z" (with D being "colorless" and Z having a bright yellow coloration), which has been widely adopted in the industry and is universally recognized, superseding several older systems once used in different countries. The GIA system uses a benchmark set of natural diamonds of known color grade, along with standardized and carefully controlled lighting conditions. Diamonds with higher color grades are rarer, in higher demand, and therefore more expensive, than lower color grades. Oddly enough, diamonds graded Z are also rare, and the bright yellow color is also highly valued. Diamonds graded D-F are considered "colorless", G-J are considered "near-colorless", K-M are "slightly colored". N-Y usually appear light yellow or brown.

In contrast to yellow or brown hues, diamonds of other colors are more rare and valuable. While even a pale pink or blue hue may increase the value of a diamond, more intense coloration is usually considered more desirable and commands the highest prices. A variety of impurities and structural imperfections cause different colors in diamonds, including yellow, pink, blue, red, green, brown, and other hues. Diamonds with unusual or intense coloration are sometimes labeled "fancy" by the diamond industry. Intense yellow coloration is considered one of the fancy colors, and is separate from the color grades of white diamonds. Gemologists have developed rating systems for fancy colored diamonds, but they are not in common use because of the relative rarity of colored diamonds.

Cut

Diamond cutting is the art and science of creating a gem-quality diamond out of mined rough. The cut of a diamond describes the manner in which a diamond has been shaped and polished from its beginning form as a rough stone to its final gem proportions. The cut of a diamond describes the quality of workmanship and the angles to which a diamond is cut. Often diamond cut is confused with "shape".

There are mathematical guidelines for the angles and length ratios at which the diamond is supposed to be cut in order to reflect the maximum amount of light. Round brilliant diamonds, the most common, are guided by these specific guidelines, though fancy cut stones are not able to be as accurately guided by mathematical specifics.

The techniques for cutting diamonds have been developed over hundreds of years, with perhaps the greatest achievements made in 1919 by mathematician and gem enthusiast Marcel Tolkowsky. He developed the round brilliant cut by calculating the ideal shape to return and scatter light when a diamond is viewed from above. The modern round brilliant has 57 facets (polished faces), counting 33 on the crown (the top half), and 24 on the pavilion (the lower half). The girdle is the thin middle part. The function of the crown is to diffuse light into various colors and the pavilion's function to reflect light back through the top of the diamond.

Tolkowsky defined the ideal dimensions as:

* Table percentage (table diameter divided by overall diameter) = 53%
* Depth percentage (Overall depth divided by the overall diameter) = 59.3%
* Pavilion Angle (Angle between the girdle and the pavilion) = 40.75°
* Crown Angle (Angle between the girdle and the crown) = 34.5°
* Pavilion Depth (Depth of pavilion divided by overall diameter) = 43.1%
* Crown Depth (Depth of crown divided by crown diameter) = 16.2%

The culet is the tiny point or facet at the bottom of the diamond. This should be a negligible diameter, otherwise light leaks out of the bottom. Tolkowsky's ideal dimensions did not include a culet. However, a thin culet is required in reality in order to prevent the diamond from easily chipping in the setting. A normal culet should be about 1%–2% of the overall diameter.

The further the diamond's characteristics are from Tolkowsky's ideal, the less light will be reflected. However, there is a small range in which the diamond can be considered "ideal." Today, because of the relative importance of carat weight in society, many diamonds are often intentionally cut poorly to increase carat weight. There is a financial premium for a diamond that weighs the magical 1.0 carat (200 mg), so often the girdle is made thicker or the depth is increased. Neither of these tactics make the diamond appear any larger, and both greatly reduce the sparkle of the diamond. So a poorly cut 1.0 carat (200 mg) diamond may have the same diameter and appear as large as a 0.85 carats (170 mg) diamond. The depth percentage is the overall quickest indication of the quality of the cut of a round brilliant. "Ideal" round brilliant diamonds should not have a depth percentage greater than 62.5%. Another quick indication is the overall diameter. Typically a round brilliant 1.0 carat (200 mg) diamond should have a diameter of about 6.5 mm. Mathematically, the diameter in millimeters of a round brilliant should approximately equal 6.5 times the cube root of carat weight, or 11.1 times the cube root of gram weight, or 1.4 times the cube root of point weight.

Ideal cuts can be controversial as the definitions of brilliance and beauty are very subjective.

Tolkowsky's mathematical model is now superseded by the GIA Facetware software that is the culmination of 20 years of studies on diamond cuts.

New diamond cuts are now all the rage in the diamond industry as for example a design invented in 2003 and called the Genesis cut. This cut differs in shape from the more traditional cuts in its concave surfaces and angles and resembles a 4-pointed star.

Mining, sources and production

Mining, sources and production

Only a very small fraction of the diamond ore consists of actual diamonds. The ore is crushed, during which care has to be taken in order to prevent larger diamonds from being destroyed, and then sorted by density. Today, diamonds are located in the diamond-rich density fraction with the help of X-ray fluorescence, after which the final sorting steps are done by hand. Before the use of X-rays became commonplace, the separation was done with grease belts; diamonds have a stronger tendency to stick to grease than the other minerals in the ore.

Historically diamonds were known to be found only in alluvial deposits in southern India. India led the world in diamond production from the time of their discovery in approximately the 9th century BCE to the mid-18th century AD, but the commercial potential of these sources had been exhausted by the late 18th century and at that time India was eclipsed by Brazil where the first non-Indian diamonds were found in 1725.

Diamond production of primary deposits (kimberlites and lamproites) only started in the 1870s after the discovery of the Diamond fields in South Africa. Production has increased over time and now an accumulated total of 4.5 billion carats have been mined since that date.Interestingly 20% of that amount has been mined in the last 5 years alone and during the last ten years 9 new mines have started production while 4 more are waiting to be opened soon. Most of these mines are located in Canada, Zimbabwe, Angola, and one in Russia.

In the U.S., diamonds have been found in Arkansas, Colorado, and Montana. In 2004, a startling discovery of a microscopic diamond in the U.S. led to the January 2008 bulk-sampling of kimberlite pipes in a remote part of Montana.

Today, most commercially viable diamond deposits are in Russia (mostly in Yakutia, for example Mir pipe and Udachnaya pipe), Botswana, Australia (Northern and Western Australia) and the Democratic Republic of Congo.

In 2005, Russia produced almost one-fifth of the global diamond output, reports the British Geological Survey. Australia boasts the richest diamondiferous pipe with production reaching peak levels of 42 metric tons (41 LT; 46 ST) per year in the 1990s.

There are also commercial deposits being actively mined in the Northwest Territories of Canada and Brazil. Diamond prospectors continue to search the globe for diamond-bearing kimberlite and lamproite pipes.

In some of the more politically unstable central African and west African countries, revolutionary groups have taken control of diamond mines, using proceeds from diamond sales to finance their operations. Diamonds sold through this process are known as conflict diamonds or blood diamonds. Major diamond trading corporations continue to fund and fuel these conflicts by doing business with armed groups. In response to public concerns that their diamond purchases were contributing to war and human rights abuses in central and western Africa, the United Nations, the diamond industry and diamond-trading nations introduced the Kimberley Process in 2002. The Kimberley Process is aimed at ensuring that conflict diamonds do not become intermixed with the diamonds not controlled by such rebel groups. This is done by requiring diamond-producing countries to provide proof that the money they make from selling the diamonds is not used to fund criminal or revolutionary activities. Although the Kimberley Process has been moderately successful in limiting the number of conflict diamonds entering the market, some still find their way in. About 2–3% of all diamonds traded today are potentially conflict diamonds). According to the 2006 book The Heartless Stone, two major flaws still hinder the effectiveness of the Kimberley Process: (1) the relative ease of smuggling diamonds across African borders, and (2) the violent nature of diamond mining in nations that are not in a technical state of war and whose diamonds are therefore considered "clean."

The Canadian Government has set up a body known as Canadian Diamond Code of Conduct to help authenticate Canadian diamonds. This is a very stringent tracking system of diamonds and helps protect the 'conflict free' label of Canadian diamonds.

Distribution

The Diamond Trading Company (DTC) is a subsidiary of De Beers and markets rough diamonds from De Beers-operated mines (it withdrew from purchasing diamonds on the open market in 1999 and ceased purchasing Russian diamonds mined by Russian company Alrosa, at the end of 2008 and, although Alrosa has successfully appealed against a European court ruling, according to a statement by an Alrosa spokesperson, sales do not appear to have resumed).

Once purchased by Sightholders (which is a trademark term referring to the companies that have a three-year supply contract with DTC), diamonds are cut and polished in preparation for sale as gemstones. The cutting and polishing of rough diamonds is a specialized skill that is concentrated in a limited number of locations worldwide. Traditional diamond cutting centers are Antwerp, Amsterdam, Johannesburg, New York, and Tel Aviv. Recently, diamond cutting centers have been established in China, India, Thailand, Namibia and Botswana. Cutting centers with lower cost of labor, notably Surat in Gujarat, India, handle a larger number of smaller carat diamonds, while smaller quantities of larger or more valuable diamonds are more likely to be handled in Europe or North America. The recent expansion of this industry in India, employing low cost labor, has allowed smaller diamonds to be prepared as gems in greater quantities than was previously economically feasible.

Diamonds which have been prepared as gemstones are sold on diamond exchanges called bourses. There are 26 registered diamond bourses in the world. Bourses are the final tightly controlled step in the diamond supply chain; wholesalers and even retailers are able to buy relatively small lots of diamonds at the bourses, after which they are prepared for final sale to the consumer. Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto Group, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales.

De Beers

De Beers and the various companies within the De Beers Family of Companies engage in exploration for diamonds, diamond mining, diamond trading and industrial diamond manufacture.

De Beers is active in every category of industrial diamond mining: open-pit, underground, large-scale alluvial, coastal and deep sea. Mining takes place in Botswana, Namibia, South Africa and Canada.

Company history

Cecil Rhodes, the founder of De Beers, got his start by renting water pumps to miners during the diamond rush that started in 1867 at Kimberley, South Africa. He invested the profits of this operation into buying up claims of small mining operators, with his operations soon expanding into a separate mining company. De Beers Consolidated Mines was formed in 1888 by the merger of the companies of Barney Barnato and Cecil Rhodes, by which time the company was the sole owner of all diamond mining operations in the country. In 1889, Rhodes negotiated a strategic agreement with the London-based Diamond Syndicate, which agreed to purchase a fixed quantity of diamonds at an agreed price, thereby regulating output and maintaining prices. The agreement soon proved to be very successful - for example during the trade slump of 1891-1892, supply was simply curtailed to maintain the price. Rhodes was concerned about the break up of the new monopoly, stating to shareholders in 1896 that:
“ Our only risk is the sudden discovery of new mines, which human nature will work recklessly to the detriment of us all. ”

In 1902, a competitive mine named the Cullinan Mine was discovered, however its owner refused to join the De Beers cartel. Instead, the mine started selling to a pair of independent dealers named Bernard and Ernest Oppenheimer. Production soon equalled all of the De Beers mines combined, as well as yielding the largest diamond ever discovered—the Cullinan Diamond. Ernest Oppenheimer was appointed the local agent for the powerful London Syndicate, rising to the position of mayor of Kimberley within 10 years. He understood the core principle that underpinned De Beer's success, stating in 1910 that:
“ Common sense tells us that the only way to increase the value of diamonds is to make them scarce, that is to reduce production ”

In World War I, the Cullinan Mine was finally absorbed into De Beers.

Oppenheimer was very concerned about the discovery of diamonds in 1908 in German South West Africa, fearing that the increased supply would swamp the market and force prices down.