Defying the economic gloom, a diamond with a rich royal pedigree went under the hammer at Christie's auction house Wednesday for a record 16.4 million pounds (24.3 million dollars, 18.7 million euros).
Armed robbers pulled off one of the world's biggest jewellery heists at a famed Paris store, making off with diamonds and valuables worth 80 million euros (102 million dollars), investigators said Friday, December 5th.
French experts said on Tuesday they had proof that the Hope Diamond, a star exhibit in Washington's Smithsonian Institution, is a legendary gem once owned by King Louis XIV that was looted in the French Revolution.
Chinese jewelry maker Fuqi International Inc posted better-than-expected quarterly results, driven by increase in the wholesale business and raised its 2008 outlook fourth time this year, sending its shares up as much as 33 percent.
Gold prices advanced Wednesday as the precious metal continued to garner support from ongoing turmoil on world financial markets, traders said.On the London Bullion Market, the price of gold rose to 834.02 dollars per ounce, from 779.
Gold prices tumbled underneath 800 dollars per ounce on Friday August 15th, hitting a ten-month low point as the precious metal was hampered by the strong US currency and weak oil prices, analysts said.