Gold along with Silver and Platinum are trading multiyear lows while we are writing this article. And we always see this as an opportunity for our customers to come by our stores and buy what they have either been planning or have desired to have.
Gold hit its lowest level since February 2010, after a low of $1088 an ounce yellow metal recovered a bit and was trading at $1105 an ounce.
Platinum was even worst hit and sunk below $1000, its lowest in the last six years. Reason sited for this is a perception that supply was increasing while demand was low. At day’s end it was traded at $980.
Silver was trading at $14.83 which is the lowest price for silver in the last six years. Silver seems to have been affected in general by the weakness of precious metal and commodities.
We are looking forward to seeing you at our store. We have a huge selection of bridal rings, engagement rings, earrings, pendants etc.
Large diamonds are extremely rare on Earth. The largest one ever found was The Cullinan Diamond which was 3,106 carats! It was cut into 9 major stones and 96 smaller stones, the largest of which was the “Star of Africa”, a whooping 530 carat diamond set in the septre of the British Crown Jewels. This diamond pales in comparison to the gargantuan discovery by astronomer Travis Metcalfe of the Harvard-Smithsonian Center for Astrophysics and his colleagues in 2004. They discovered a diamond star that is 10 billion trillion trillion carats!!! Just think how many engagement rings and diamond earrings could come out of that if we had access to it!
The cosmic diamond is a chunk of crystallized carbon and is 4,000 km across, and about 50 light-years away from Earth in the constellation Centaurus. It’s the compressed heart of an old star that was once bright like our own sun, but has since faded and shrunk. Astronomers have decided to call the star “Lucky” after the Beatles song, Lucy in the Sky with Diamonds.
According to scientists, if you wait long enough, our own sun could eventually turn into a similar large diamond star!