'Tis the season to be jolly! But for one hotel in Spain, it's also the season to be extravagant, ostentatious and over the top. The Kempinski Hotel Bahia, near Marbella, Spain has put up a Christmas tree adorned with diamond-encrusted decorations and upcycled jewellery from Bulgari and Cartier, making it possibly the world's most expensive one at $15 million.
The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
'Investors with as little as Rs 1 can start investing in digital gold.'
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
The twisted variety of the skirt looks like a glamourised version of a lungi; soft, luxurious satin and malmal fabric draped around the waist in cascading pleats.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Consumers have to watch out for four marks on hallmarked gold jewellery: BIS mark, purity in carat, assay centre's name and jewellers' identification mark.
The celebs who upped the glam quotient at the French Riviera.
Sikandar Kher's Nishikant Adhikari is a solitary poet by the corner, trying to remind us that the honest plans of honest people don't always come to respectable ends, observes Sreehari Nair.
Some Twitter users were serious in their demand for the return of the Kohinoor diamond, while others had a humorous take on the issue.
The weirdest, wackiest but most wonderful getups that made the runway at New York Fashion Week.
Justice Indira Banerjee, who was the eighth woman judge in the Supreme Court, on Friday demitted office with Chief Justice of India UU Lalit, terming her as a "jewel" of the legal fraternity.
The king and his wife, Camilla, the queen consort, travelled from Buckingham Palace to Westminster Abbey -- a distance of 2.2-km -- at a stately pace in the Diamond Jubilee State Coach bearing a gilded crown, which was commissioned for Queen Elizabeth II in 2012.
India's Ratan Tata aims to transform his once-stodgy conglomerate into a global powerhouse. But can it thrive after he steps down?
The singer hit the red carpet in a jaw-dropping purple silhouette.
In our special series on the India You Didn't Know, the youngest MP in Parliament talks about a unique dance form from the pristine Minicoy island in Lakshwadeep.
We invited readers to send in their interesting monsoon snapshots. Here is the next set of responses -- and you can share yours too!
In a world where age and form seem to be at odds with each other, these IPL veterans defied expectations wrote their own narratives and left us all marveling at their incredible staying power.
Gold and silver became costlier in the country following the international price rise over the expectations of negative interest rates in the US, the rising trade tensions between the US and China and the weakening of the rupee.
Social media posts and messages related to the marriage ceremony were widely circulated on WhatsApp groups and the woman's family members also received telephonic threats, he said.
The first tranche of sovereign gold bond for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
He also said that infrastructure development in the country in the last eight years has been done with a human touch.
The Tamil Nadu Assembly on Friday passed a bill providing internal reservation of 10.5 per cent for Vanniyars, a most backward community in government jobs and in admission to educational institutions.
But retailers say this enthusiasm, which helped push prices back up again, is faltering with some investors looking for another fall before they buy more.
An extraordinary 34-carat 'Princie' diamond from the mines of Golconda in South India, once owned by the world's richest man - the last Nizam of Hyderabad fetched a whopping $39 million at an auction.
You know the celebrated Raksha Bandhan songs. Subhash K Jha lists the ones you don't.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
It takes a different kind of genius to make a show so full of chirpy good cheer that it's hard to dislike, observes Deepa Gahlot.
The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
Get Ahead keeps tabs on the Swarovski crystal jewellery unveiled for Lakme India Fashion Week 2005!
Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds.
Shree Jagannath Sena, a Puri-based outfit, submitted a memorandum to the President, seeking her intervention to facilitate the process of bringing back the Kohinoor diamond to the 12th-century shrine.
Thanks to an ambiguous law on the import of platinum alloys, some bullion importers are making big profits. A handful of them are importing refined gold cloaked as platinum alloy. Gold attracts 15 per cent import duty, as opposed to platinum alloy that invites a duty of 10.75 per cent. Industry sources say this is a case of mis-declaration and duty violation.
Bhatti Ramanadikshutulu, the chief priest of Kodandaramaswamy temple in Tirupati created a stir when he told the reporters that he had mortgaged a diamond necklace worth lakhs of rupees two years ago for an amount of Rs 9 lakhs to a moneylender.
'Writers are always nervous.' 'If you go to a party, you will notice that the writers are always in a corner of the party, looking anxious, sweating and tense about something or the other.' 'I am that kind of person.'
When Jaipur's Maharaja Madho Singh was invited to attend King Edward VII's coronation in 1902, he chartered a ship for Rs 15 lakh for the journey. He also carried 27,000 litres of Ganga jal on board. Prakash Bhandari recalls the maharaja's voyage to attend a British monarch's coronation on a day when Charles III will be crowned king at Westminster Abbey.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
