18 karat

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A Kazak herdsman had the luckiest day in his life when he literally stumbled upon a large gold nugget lying on the ground in Xinjiang, a far western region of China.gold nugget

Berek Sawut, the lucky herdsman hailing from Qinghe County in Altay Prefecture, tells China Xinhua News that he was walking around a local mining site when he suddenly spotted a brilliant gold object lying exposed on the ground. Asked about his initial reaction, Sawut responded, “When I walked closer, I was dumbfounded. My god, it was a piece of gold. I was so excited that I started jumping up and down.”

The nugget – approximately 23cm by 18cm long and weighing almost 8kg – was analyzed for composition, confirming that the nugget is about 80% pure gold, with the remaining being quartz, sandstone and other minerals.

It has a precious metal estimated value of $255,000 at the current spot gold price, but experts believe that the piece could fetch over three times as much due to the specimen’s rarity and uniqueness. It is the largest gold nugget to china nuggetcome out of the Altay region, a mountainous territory that hugs the border of Russia, Mongolia, and Kazakhstan. This region has long been known for its’ gold mining, in fact “altay” is “gold” in Mongolian. Not to mention, most curiously of all, the large nugget is naturally shaped resembling the map of China.

Whether or not Sawut will get to keep or sell his find is yet to be determined. According to Chinese law, mineral resources that are found on or below the surface in this region is deemed as property of the state. However, given that his story has gone viral on Chinese media and that other mineral finds in the area were not confiscated, it is likely he will be allowed to keep it.

 

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GlitterAngFor the fabulously wealthy, gold is not limited to jewelry. Here are some of the more unconventional ways that gold is being put to use:

For the woman who has everything, here is the most glamorous and exclusive nail polish in the world: the Model’s Own Gold Rush from British jeweler, Frost of London. This tiny bottle comes with a handcrafted 18 karat gold lid embedded with 1,118 diamonds! The polish itself resembles liquid gold, a metallic, rich pure gold hue with iridescence. The cost of each bottle of Gold Rush is a whopping $130,000 – but it is sure to make the wearer feel like a million bucks.

Just short of bathing in the metal, a floor length couture gown made entirely of gold sequins by designer Zac Posen will set you back approximately $1.5 million. Such a dress was worn by Caroline Correa for a Magnum Gold marketing campaign titled “As Good as Gold”. Handcrafted by the designer himself, the dress had pure 24 karat gold foil applique on each of the thousands of sequins.

GoldLady Gaga recovered recently from an emergency hip surgery, which rendered her incapable of walking for a few weeks. So of course, she commissioned a custom black leather and 24 karat gold plated wheelchair for her to ride around in style. Dubbed “The Chariot”, it looks more like a throne than a wheelchair. It comes complete with luxurious italian leather and gold plating on all of the delicate framework, with a removable canopy and full recliner. The designer, Ken Borochov, reportedly gave only a week to complete the entire project. The chair is both fashionable and fuctional – it has accompanied Lady Gaga all over Manhattan, from window shopping to shopping for a new apartment.

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DiamondThe most flawless, biggest briolette ever to surface at auction weighing at a stunning 75.36ct broke records! This diamond was sold for a world record at $11,145,734 from an anonymous buyer at Christie’s Hong Kong’s Magnificent Jewels sale. This pendant necklace was originally valued at a pre-sale low estimate of $8.5 million, which it easily surpassed.  It did fall short of its high pre-sale estimate of $12.5 million.

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The briolette is a traditional cut popular in the Victorian times but has recently become more popular in precious and semi-precious stones. It is a stone cut into a three-dimensional waterdrop shape.  Its elegant pear shape with cut facets dangles below a marquise-cut purplish-pink diamond. Adorned with stations of smaller briolettes with 18 karat white and rose gold adjustable neck chain, this piece is a classy stunner!

An auction spokesperson said the diamond was “perfect,” and had the proof of an assessment with the Gemological Institute of America. The GIA rated the stone Type IIa, which is the top quality grade.  The diamond is similar to the British Queen Elizabeth’s one she has set in her crown. Christie’s jewellery specialist, Chiang Shui-Fung, says the diamond is extremely rare.

The briolette is special because they have to find a piece rough and big enough to cut into that style. The diamond came to an American dealership named William Goldberg, as a 160.5- carat rough weight and had to be shaped into the now 75.51 carat diamond. To achieve this brilliant rare cut William Goldberg had to sacrifice more than half the stone’s weight in the meticulous cutting process. The diamond is now a stunning piece and will be remembered as a historical record breaking event.

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