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News Interactive: Poor 25 year old Miner digs up 182 carat rough diamond
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Diamonds in the news: Miner digs up 182-carat gem.
This is a sad story....
Excerpt:
THERE'S lucky: Finding a diamond when you're a young miner sweating it out in the west African forests of Guinea.
And then there's too lucky: finding a 182-carat stone that everyone - starting with the government of Guinea - wants a piece of.
Result: the stone, four times the size of the famous Hope diamond, was tucked away today deep in the vaults of Guinea's Central Bank. No pictures, please.
And the 25-year-old miner who found it, if not exactly in hiding, was making himself scarce. No interviews, please.
State radio in impoverished, mineral-rich Guinea announced the find Thursday. Guinea mining industry officials confirmed Monday that the newly dug-up stone - though not flawless - was a fortune in the rough.
by GilbertZ
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Herald.com: Sunrise jewelry firm Odimo files initial public offering
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Diamonds in the news: Sunrise jewelry firm Odimo files initial public offering.
Excerpt:
Online diamond and jewelry retailer Odimo of Sunrise filed an initial public offering Friday to sell an estimated $57.5 million in stock.
The filing comes two months after Seattle-based Blue Nile -- another diamond and jewelry retailer on the Internet -- and investors sold $76.7 million of shares in an IPO.
Blue Nile's shares are up 65 percent since debuting at $20.50 on May 20. The stock closed at $33.94 on Friday.
But David Menlow, president of IPOfinancial.com, a research firm that studies public offerings, doesn't expect Odimo's IPO will be greeted with the same fanfare. Odimo operates the websites Diamond.com, Ashford.com and WorldofWatches.com., selling brand-name luxury goods at as much as 60 percent off retail.
by GilbertZ
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