As it is always said that what goes up has to come down and this has came out to be true with Silver prices. Prices for silver have crashed in the international markets on Friday on tentative unwinding and in response with this declining trend, prices of the metal also declined in the Indian marketplace. The trading practices carried out in day time in Mumbai bullion market, silver prices closed at Rs 56,875 per kg, down Rs 6,530, or 10.3%, from its Thursday close.

Domestic marked did followed the crash in silver prices as per international market but there was a difference in the intensities as in international market it was quite higher. The price crashed nearly 14% to $32.61 to an ounce, from $37.82 the preceding day. In addition to this futures market in India, on MCX, prices of various contracts on silver were downward between 11% and 12% during closing hours.

As there is continuous trend seen in increase of strength of US dollar in recent past it is also speculated that along with silver prices there are chances that gold prices will also get to see a downward turn soon in India. Market players are estimating all these aspects on the basis of an evident fact which states that there is strong connection among the strength of US dollar and the prices of these Read the rest of this entry…

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After the high rise of the gold, there was yet hope for its fall and on Friday, the gold rate slipped more than 1 percent heading for its major weekly drop since March 2009. This is because of the gain in the stock markets and the rise in Euro after major central banks around the world strived to fight the debt crises in Europe.

Timothy Geithner, the treasure secretary of US will be discussing with the European Finance ministers about the possibility of leveraging the euro zone’s rescue fund as the world’s main central banks aim to ease dollar funding for stricken banks.

Gold fell from $21.84 an ounce to $1,766.80 by 0327 GMT after falling 2 percent in previous session. The record struck by Bullion was around $1,920 in the previous week on concerns the euro debt crisis could stall global growth.

Tom Pawlicki, the energy analyst at MF Global said, “We favour maintaining our negative trading affair bias in today’s trade.”

He further added, “Additional pressure will come from low expectations for Quantitative Easing at next week’s FOMC meeting, and from technical factors which argue for a move down to $1,700-$1,750 an ounce in our opinion.”

US gold futures also fell from $8.8 ounce to $1,772.60 and the investors looked to next week’s meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) on Read the rest of this entry…

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Sapphire is the birth stone for all those who born in September. The word Sapphire is derived from Latin word Sapphirus, which means blue. In India it is highly believed that if some one put on a gem stone, then either it will mark him to utmost success or will take him on some disastrous path. In case of sapphire it is believed that it can give the wearer everything that he or she desires that is health, wealth, longevity, happiness, peace and so on. Even it protects the wearer from the envy of enemies. It is also trusted to improve fertility in women.

Sapphire is chemically and structurally the same as Ruby. It is also the Zodiac stone for the constellation of Taurus the Bull and associated with the values of truth, sincerity, commitment, and loyalty. The gemstone exists in nearly every color except red as red corundum is always called ruby. The blue colored sapphire is by far the most popular one. One can determine the right by looking at the shade of the blue. The color should not be as bright as Ruby and cannot be too blue that is over-blue or too far away from blue that is under-blue because the price can be badly affected, the ideal color of sapphire is sky blue.

On heating its color fades to some extent and is called as leuko saffer. Besides blue it is also available in purple, yellow, green, pink and white. All these sapphires contain different type of traces which work accordingly. Purple sapphire holds the trace element vanadium and priced cheaper than the blue ones. Yellow and green ones contain traces of iron. Pink sapphires holds trace element of chromium, the dark the Pink sapphire is, the higher it is prized. And white sapphires are originally originated from ground, usually they are heated one as raw white sapphires are light gray or brown. They also can be found in clear state but in very rare circumstances.

This gemstone is easily available in all over the world but is well know from India and Sri Lanka. Sapphires from North Carolina, Brazil, and China are also known for its Read the rest of this entry…

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Diamonds are the most beautiful element created by god loved by every woman. The elegance, the attraction it possesses cannot be denied when compared to other stones. It’s a token of love, a passion, a way to look stunning, a way to grab attraction of others, a way to develop savings, a way to shine like a star.

Yes, “Diamonds are a girl’s best friends”, it’s the name of diamond jewellery collection by singer-actress Jessica Simpson. For the first time ever she is collaborating with one of the leading diamond company Firestar Diamonds. The collection includes pendants, earrings, rings, bracelets and bangles in gold, silver and diamonds or the combination of all three and retail between $79 and $999.

The actress is all set to extend her existing empire from spanning apparel, handbags, footwear and fragrances to an elegant diamond jewellery collection.

“Jewellery is such personal expression of style and taste. This collection has allowed me to create pieces that truly reflect who I am, and that can become a keepsake for lifetime”, 31 year diva told.

‘I love that a piece of fine jewellery can be passed down from generation to generation. I cherish the pieces that were given to me, so it is really special to be able to design my own and the collection is beautifully crafted. The designs are Read the rest of this entry…

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Hike in gold rates has now turned to be a regular phenomenon, which seems to be not in a mood to change track. The way the prices are increasing day by day, one just can’t imagine what it would cost to get your desired jewellery in gold. Even though the prices are reaching sky, there is no decline in the demand. People still want gold to shimmer and add the extra tinge of shine in all their desired and valuable accessories.

Even if we leave aside pure gold jewellery, the shiny metal even forms the base for many of the diamond jewellery. This need from the end of the users has led the jewellery makers to adopt new ways wherein they can minimize the use of gold in diamond jewellery and can still maintain the look and excellence of the ornaments. In order to achieve the set goal many have increased the mechanization and have reduced the making of hand-made jewellery while on the other hand many have even started replacing the gold’s weight with that of diamond. This way they are trying to keep the investor’s interest unhindered. Facts state that gold content in jewellery should ideally be 35 percent in terms of its weight. However, the risen prices have now forced the makers to bring the figure down to a massive extent.

Now if we talk of South India, where gold jewellery rules the charts, the makers have cut the use of gold to 12 percent, while in the west and east it is 15 percent Read the rest of this entry…

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