Author: Team Editors admin

Christie’s auction house: A huge diamond bring $ 27 million in one of Geneva auctions

Said Christie’s auction house said on Thursday that a huge diamond pear-shaped colorless sold for a record $ 27 million dollars at an auction in Geneva.

And diamond (Winston Legacy) and weighing 101.73 carats, the largest diamond was at auction and the piece that was highlighted in the gallery Magnificent Jewelry. Was bought by Harry Winston jewelry and watches in the amount of 25.9 million Swiss francs ($ 26.7 million) on Wednesday.

He said Rahul Kadhakaa the head of jewelry in Asia and the Americas Christie House “bought Harry Winston the best diamond offered for sale at an auction at all.”

The auction achieved a record total $ 102 million compared to 257 type of Promotions, including pearls and pieces of sapphire blue, indicating that demand for gems has not abated.

May 16, 2013
Sales not affected wholly by the increased gold rate in Dubai
Dubai Gold rate

Are you aware of the gold rate in Dubai? Gold is an asset as well as an ornament, which is crucial to many occasions including wedding according to many traditional aspects. However, gold markets are seen to show increasing rates, which questions the sales. For the importance, gold has in our lives and the value of gold more than money, there is no much difference in the selling numbers and the customers.

There is a major group of people across the world, which wouldn’t compromise their special days without gold. They would want this precious metal to shine in the functions with all possible glory. Many traditional ornaments come modernized on the market and these days, it has covered major ratio of the market. People are falling off for such kind of gold ornaments, which are hugely sold in almost all developing and developed countries.

Stealing hearts with tradition
- You see many modern designs based on the traditional ones in the market.
- These are in great demand too. The making charges and stuffs are often neglected by the gold ornament lovers.
- Gifting a gold ornament or buying one for you is supposed to bring you the richness and it is indeed a treasure.
- The old generation considers this as a prosperous event and they believe this enriches you days ahead. Wedding rings and chains are made of gold for its long lasting and comforting characteristics. They remain with you forever.
- Gold is a base for many precious stones like diamond as well. It is a bit costly, but s depended upon worldwide for the various uses and ornament designs.
Value of gold ornaments

Despite of the gold rate in Dubai, the sales are hitting high limits. How this is made possible? This would enigma going in your mind. As per tradition, a girl on her wedding day wears a set of ornaments made of gold, in different regions. Dubai has people from various parts of the globe including Indians, who are much concerned about such practices. This is the reason for hiking sale of gold every year. More than money, the culture and this as a comforting asset hold up in this situation.

Ornaments for men

A few years back men were not so much interested in wearing gold ornaments. Now there are chains, rings and bracelets that come in vibrant patterns to satisfy the male customers too. For a marriage function too, these classes of ornaments find great sales. As of now, every gender and age group is gifted with modern gold ornaments for regular as well as occasional uses desirably. From an infant to an old aged man, gold as an ornament is usually worn. There is hardly anybody, who doesn’t even wear a gold ring.

An awesome investment option

Save gold for the future too, it is great for a backup for a sudden financial crisis encountered too. Gold is an asset, investment as well as an ornament for you.
May 14, 2013
Know about the fall of gold rate in Dubai
Know about the fall of gold rate in Dubai

Regarding the sale of gold in Dubai

Dubai is a land of gold in the Middle East and it is a part of the UAE (United Arab Emirates). Gold also known as “yellow metal” is a very precious and rare metal. Gold is available in Dubai at much low prices than the rest of the world. Gold rate in Dubai is lower throughout the year. People from all across the nation as well as the whole world including the eastern and western countries come to Dubai to buy gold and gold ornaments. There are many reputed dealers in the country who sell gold at low cost to the foreigners and tourists.

Gold sales increase by sixty per cent due to fall in the gold prices
- The sale of gold in Dubai has recently increased a lot due to a sudden fall in the prices of gold in the market. The owners and sellers of gold and gold ornaments in the country have reported that the demand of gold has sharply risen for the past few days due to the price fall and the business is reaching billions throughout the world.
- The gold shops are gaining immense profit due to this buy-sell done by the business people who frequently deal in international and national exchange.
- Tourists from across the globe are visiting the country to buy bulks of gold at low rates.
- The fall in the rate of gold has largely affected the economy of the country to a very large extent. People of different professional backgrounds and classes of the society are differently affected by the price decline of gold in the nation.
- The gold of Dubai is of very pure type and contains no adulterations.
- Dubai is a city of traders and gold merchants. There are many reputed dealers and gold retail outlets in the city. They sell gold and golden ornaments following the exact low market prices.
Reasons for the fall in gold price

There are mainly two reasons for the decline of the gold prices in Dubai.
- Some states in the country have announced to sell stockpile gold to provide the liquidity.
- Another reason is the movement of speculative largely by the investors has caused the fall in the prices of gold to a large extent. They seek those from behind to collect the gold once more and seek higher prices later on.
- Thus, they can achieve better returns and profit in the future.
The golden benefits
- The present decline of the gold rate in Dubai is a very big opportunity for the people of all classes of the society across the world to avail large quantities of gold at much less prices.
- Gold is always on a very high demand in Dubai and the sudden fall in price is even attracting more customers there. Thus, do not be late and rush to the gold shops in Dubai and buy gold in good quantities at surprisingly low rates.
Hurry, since the rates will again go high after the lapse of certain time span.
May 14, 2013
The ‘City Of Gold’ Falls Short In Gold Supply as Gold Price in Dubai Hits Rock Bottom
Apart from aesthetic needs, gold has always been a form of investment. It is something that is considered to increase in value with time. Gold prices increase and decrease with time, but generally it has an increasing trend. But lately gold prices have steeply gone down, which has led to an inrush of customers and shortage of gold. World’s top gold shopping city, Dubai is also facing shortage as Gold price in Dubai has come down. This has affected gold market of other countries as Dubai has been ranked among top dealing countries.

Reasons behind this sudden fall of gold prices
- It has been reported that the fall in gold prices is mainly triggered by inquisitive traders who are doing operations in the future market.
- This inquisitive group of traders has a short term view of making gold trade profits. This is in bleak contrast with traders who have a well established base and long-term view.
- Now it has resulted in massive gold purchasers who are buying gold in bulk all over the world.
- Another reason behind this is the sell-off of 125 tons Cyprus sell order, which led to panic-selling in major investment banks accompanied by sell trigger due to declining gold price.
The Dubai scenario:

Dubai, famous for its gold centers is feeling the heat now. Customers are rushing into the gold souk (shopping area where gold alone is sold) demanding for gold. The Indians in Dubai, who makes a considerable population in Dubai, is not wasting any time. Some of them have even persuaded the salesmen to fetch them any gold material, so that he can buy them in bulk. The Dubai gold market has rocketed from a daily gold sale of 100-125 kg to 300-350 kg per day!! The city of gold is now becoming short of gold, as the gold price in Dubai has fallen.
- The condition is similar all over the world in all major markets in Europe, India, China and Japan. The physical market inrush is a clear indication of the desire to own gold, both as an investment and as an adornment.
- The gold market operates on the fundamentals of demand and supply. As of now demand is high and supply is not changing accordingly. Such dynamic changes will ultimately drive the gold prices in the long run.
- The recent dip in the prices of gold has even washed the glittering growth of jewelry makers. The end user demand will surely be the same as prices are so low. But if this trend continues, at some point the gold price would again rise up, hitting the top due to shortage of the metal.
- So although it may seem good now, in the long run it may badly affect the market and consumers later. If you are planning to buy gold, then this would be the ripe time to purchase.
May 14, 2013
The reaction of people to the current Dubai gold rate can be for the best or worse
Gold prices very literally on a constant escalation over the years. It was so high that they were considered the best space for investing money. Gold prices did not stop people from buying more and more gold for this reason. The little extra money a middle-class person had was used in the buying of gold in other words for investing in gold. This has been continuing for over two to three years until recently when the gold prices fell low. People gathered at the jewellery souks to buy as much may sovereigns of gold they can afford during this period. Gold rates in Dubai were also not spared.

The recent trends:

During the last few weeks the gold rates in Dubai in Indian rupees were so low that it attracted a lot of people from the city to buy and store gold for the next gold rate inflation. Gold has been considered very important in many cultures to accessories women and me and also is considered to indicate the wealth of an individual. Gold is essential for weddings and a huge amount of gold is worn on these special occasions. As Dubai gold rate reduced people all over the world found this as a golden opportunity. The breaking news of low gold rates attracted all people to Dubai where the rates are much lower in comparison to other places.

The highs and lows:
- Even earlier the gold rates in Dubai were highly attractive. More and more people preferred buying the gold of purity and good quality for the money paid in Dubai. In fact, the gold souks in Dubai always flourished on this concept.
- Even when the price of the gold increased everywhere Dubai had its stock of gold with a different rate. This is one of the reasons why this emirate was highly popular in the international market.
- Dubai always had its own significant contribution in the international market until the global financial crisis hit this city down.
The hopes of the people in gold market:

With the decrease in the Dubai gold rate the markets have almost come to its former shine. As people flocked into the markets it felt like the past again. The decrease in gold rates has proven advantageous to both sides the markets as well as the public. It was shocking news on the positive way for people all over the world when they came to know that the gold prices of this emirate has come down. People predicted that with the prices now low they could invest in the gold and later when the prices increase this could be of great value. For those who are close to the wedding season this was like a boon. Like always the rate of gold in Dubai has been never predictable. One can just hope that all the effort taken to use this opportunity does not look like vain in the next few days or months.
May 14, 2013
Free gold coins today in Dubai

Trying dealers and retailers as much as possible to attract Indians customers in Dubai today to submit offers, discounts, free gold coins because of celebration Indians celebrate Akshya Tritiya.

Pool today more days for the Hindus and the best day to buy gold and get wealth, especially gold and diamonds, where Hindus believe that in this day what to buy gold will double in the future because holy .

And traders have witnessed an increasing demand for gold as gold prices fell by almost 20% since last month. According to some estimates, are sold nearly 2 to 3 tons of gold every day during this holiday season, in Dubai alone!

Joy Alukkas is given, free gold coin with every evil is estimated at AED 4000 between day 12 to day 14 May. And not only this, but purchased diamond Cisatvid of the 50% discount and receive 2 grams of gold as well.

Similarly, the Sky in jewelry outlets sell discounts of up to 70% for those who bought the diamond, and a discount of 5% to 10% of sales over 10,000 and AED 25,000, plus free gold coins.

The jewelry store Nights introduced the work “gift with purchase” where if the client spent AED 3,500 will receive a free gift – a necklace oval diamonds.

Damas also offers to customers who spend AED 1,000 or more on diamond jewelry and AED 6,000 or more for gold, free gifts ranging from 22 carat gold coin to watch, jewelry box or frame with gold foil.

May 13, 2013
What is the best time to buy gold?

Many people wonder what is the best time to buy gold where prices change almost around the clock. Currently the price of gold in an upward direction, and sometimes there is a “trend” either up or down. We see in the news bulletin every day the volatile price of gold is usually measured in terms of the U.S. dollar an ounce.

But what happens in reality here? What does this really mean?

Gold Trends

The direction of gold goes up and down related to the value of the dollar. Gold value do not change much at all. Return back through history you will see that the value of gold over the past 200 years has not changed compared with the value of other commodities. one Ounce of Gold almost will purchase the same amount of goods as it did 50 years ago. Was in fact the only change is the value of the currency is not gold. Inflation and recession, the impact on the financial value of the currency, but generally do not affect the gold.

The value of one ounce of gold, for example in 1800 was about $ 19-20 per ounce. But these days, an increase of $ 900 an ounce, and there is increasing volatility as a direct result of impairment.

Value of gold

And a good example of a low value of the dollar, in spite of, or because of, increase the quantity of printed dollars, is that what cost $ 20 in 1800 is equal to $ 216.86 in 2005. And if I bought the same thing in 2005 and 1800. Will pay $ 20 in 2005 compared to $ 1.85 to be paid in 1800 to buy the same item. If the government decided to return to the system of gold and cover every dollar supported the weight of gold, with the presence of this huge amount of money printed now, will cost buy one ounce of gold is about 50 thousand dollars to ensure that every dollar supported the weight of gold. And if you find the political will, the government may re-laws of 1933 and prohibits U.S. citizens from owning gold. It would be difficult to implement and manage this decision, of course, but there are other ways to do so. And re-buy gold using printed more money, which becomes which becomes less the value of raising the prices of goods and services.

Michael Kosars, from USA Gold, noted a sharp decline in the value of the U.S. dollar in worrying trends. By contrast, the value of gold rises decrease the dollar.

This explains why people buy more gold during periods of recession when the value of the dollar (or whatever other financial currency they use) is low. So a store of value gold has done so for hundreds of years in fact.

When to buy gold

The best time to buy gold is now It’s always the best time to buy gold. So if you buy a small amount of gold bullion each month over the next five years. You overcome inflation and rising prices.

May 13, 2013
Dubai sees A dramatic increase in in bullion demand

Demand for gold in Dubai is witnessing a huge boom since the collapse of prices last month, demand far exceeds supply. Various estimates suggest that the demand in the past few weeks has been nothing less than astronomical which is about 10 times higher than normal demand.

According to the latest weekly report of precious metals by Gerhard Schubert, head of precious metals at Emirates NBD local, “participants in the financial industry in Dubai believe that was purchased approximately an additional 50 tons of gold since the collapse of the price of gold in April.

The usual numbers that Schubert refers to are the same as the demand seen since April. According to World Gold Council data, total consumer demand for gold in the UAE (not just Dubai) stood at 51.8 tonnes for the entire year 2012, which means that demand was about 4.31 tonnes per month during last year.

Compared with that, as Schubert mentions, Dubai demand in the past few weeks has been 50 tonnes plus ‘usual’ numbers, in effect reflecting the massive surge in interest that gold has seen in this past few weeks.

There are new Gold Rush , according one of directors of gold shops in the Mall of the Emirates in Dubai that there is a growing demand for coins and gold bullion and We have been running out of gold coins and bars even before they reach our stores in Dubai, where there are many of those who want to buy gold bullion to pay advances to book gold bullion Once it arrive and buy at current Dubai Gold price in Dubai.

The price of an ounce of gold fell $ to 1420 intra-day on Friday, 10 May, 2013, and last week’s trading, but recovered to less than U.S. $ 1,450 per ounce after the close of the market.

“I tried and failed in gold prices last week once again to break the first resistance level at 1485 $. Has now been tested twice this level, and will provide a decent level of resistance in the near future,” and maintains Schubert.

But demand from Dubai and Hong Kong – not to mention India and China – is anything to go by, and get ready to buy again an ounce of gold at $ 1,600 sooner rather than later.

May 13, 2013
Things To Do Being A Gold Investor

A lot of people these days are looking forward for investing their money in gold and they seem to have questions about how they need to do it and what implementations they need to have in order to get their money invested right and in the amounts they expect it to return from.

This question and elaboration has been made by many investors and gold professionals in the past and it is fairly easy to know that gold could get you multiple benefits that you probably didn’t even think about availing for a considerable period of time.

If you want to invest in gold and make the most out of your money you need to know the basic and necessary information which is required to make sure that you are putting your money in the right sectors and elements and that it doesn’t get wasted or scammed by someone else. You have to determine the value of gold amount that you are about to put your money into and then figure out a way to make it effective and outcoming for your business or personal implications.

You need to make sure that you have all the information that you need before being a gold investor. If you live in a neighborhood where there are some gold investors available you should go up to them and ask about the types and materials of this precious metal to come up with.

You can also ask them about the prices per ounce or whichever way it works the best. One of the major things you will do in becoming a gold investor is to have proper knowledge about the plans you are making and to know everything regarding it.

If you want to become a gold investor, you need to figure out which company you want to go through with it. If you find one online which suits your hopes and expectations you can easily log on to their website and figure out the rates and conversions to which you will have to meet up and fulfill. For the transaction purposes, you can also figure out the terms and regulations that they have on different gold purchases and then work your way through with the process. Comparing prices with different companies is also going to be compelling and useful in the end because you should have an idea about the better offers you might get.

May 12, 2013
Predictions of Gold Prices Made by Experts for 2013

Gold has been considered the most valuable and outcoming investment option for people when they want to secure their money for the future or think about getting their plans straight for something they want to perform readily.

Against inflation and recession this could be the option which everyone could consider to perform and not think about the consequences and downfall results like everything else. Before gold people used to consider stocks to be the most outcoming and resulting factor through which they could make money and invest as much as they can but there were some major downfalls in that situation consistently as well.

Investing in gold is profitable more than anything else because you can count on it. The prices have been increasing and spurting for quite a period now and you will always get something over the top once you decide to purchase this element. Over the last4 to 5 years there hasn’t been a single time when gold prices crashed down to their lower levels and you can expect so for the year 2012 as well.

Although gold prices in 2011 were said to be really well off and consistent, it will be early to make a statement about how it is going to be for 2012.

Gold prices surged up to 22% last year and it couldn’t get any better than that. However, investing in gold this year is not going to be that bad since the prices have said to increase this season dramatically anyway. According to a few analysts and gold researches, the prices per ounce of this element might even go up to $2,200 or more within the next few months. For people that are looking for an option regarding making an investment, it sure is a better plan for them to act upon.

For some of the major gold forecasting companies, the starting price of gold per ounce to which it would sell is going to be $1,810 on average. All of the other gold companies have set their records to be on a similar notion and overall, gold will be something significant and essential to invest money in. No matter if you wish to avail it in the form of coins, plates, bars or jewelry, you can with the basic research and knowledge approval and see the positive outcomes for yourself.

May 12, 2013