Archive for the ‘jewellry’ Category

Economic growth in China is predicted to be 8.4% November 4th, 2009

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World Bank raises China’s economic growth forecast in 2009 of 8.4 percent compared to 7.2 percent the previous registration. This is due to increased domestic demand and grow stronger as a first step the global economic recovery.

In addition, the World Bank also estimates that the economic growth of this Asian giant seems to be slightly up on 2010.

“Although there are major obstacles to export growth amid a global recession, but China’s economy continued to grow robustly due to expansionary fiscal and monetary policies. Investment in infrastructure is also getting better,” such as the World Bank stated in a statement, as quoted by the AFP , Wednesday (4/11/2009).

Improving China’s economic growth forecast is also carried out the International Monetary Fund (IMF) and Asian Development Bank (ADB), after a quick turnaround for the third largest economy.

As for the third quarter of 2009 was China’s economy grew by 8.9 percent and the fastest pace in a year. That figure increased after the second quarter was recorded at 7.9 percent and 6.1 percent in the first three months.

China’s economic recovery has been driven by the stimulus package of four trillion yuan (USD586 billion) a year ago. China’s economy alone is expected to grow in 2010 because demand for goods made in China are increasing.

“In 2010 the composition of growth is likely to change. Exports may no longer be a barrier and investments in real estate more organized will be stronger,” he expressed the World Bank.

However, government investment is influenced by a key of China’s economic growth this year. “Overall, we expect GDP growth rose slightly in 2010, with balanced risks,” added the World Bank.

On the other hand, the World Bank said that macroeconomic policies do not need to be tightened as the risks and uncertainties in the global economy remains high. “What is underlying inflation is not a concern right now. Must have the right attitude and policy support, and this is very important for flexibility in order to increase or reduce support if necessary,” the bank said.

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6 Most Common Diamond Scams October 1st, 2009

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When it comes to diamonds, there are numerous scams to avoid. Most scams are minor, but there are some major ones that come up from time to time concerning the buying and selling of diamonds. Scams occur simply because most people who buy diamonds – for whatever reasons – don’t know that much about diamonds. Therefore, they are easily fooled.

Jewelry stores like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the diamond in a different, darker type of lighting as well. Jewelry also stores often run ‘fluorescence’ scams to varying degrees. Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special, but in fact, this type of diamond is of lesser quality – even though the jeweler will try to make you think you are getting something special.

A common scam that most jewelry stores participate in is the Carat Total Weight scam. The tag on the piece of jewelry, usually a ring, only states the total carat weight of all diamonds in the piece, instead of listing the total weights separately for each diamond. This leads consumers to believe that the main diamond in the piece is actually bigger than it is. Ask what the total carat weight of the center stone is. Also beware of fractions. Jewelry stores are allowed to round off diamond weights. This means that if the jeweler tells you that it is a ¾ carat diamond, it is probably between ½ and ¾ carat – but closer to ¾.

Some truly unscrupulous jewelers target those who want appraisals on diamonds that were given to them as gifts or that were purchased elsewhere. They will try to tell you that the diamond is worthless, or worth less than it actually is worth – and offer to take it off your hands or trade it for a much better diamond, along with the cash to make up the difference. This is called low balling. Get a second, third, and even a forth opinion before taking any action.

Jewelry stores often run ‘fluorescence’ scams to varying degrees. Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special, but in fact, this type of diamond is of lesser quality – even though the jeweler will try to make you think you are getting something special. Jewelry stores also like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the diamond in a different, darker type of lighting as well.

Another common dirty trick is to switch the diamond you have chosen and paid for with one of lesser quality and value when you leave it to be set in a piece of jewelry, or leave a diamond ring to be sized. The only way to avoid this is to do business with one trustworthy jeweler. Avoid jewelers that you have not done business with in the past.

There are many more scams that jewelry stores commonly pull on unsuspecting consumers. Just use your best judgment, and purchase your diamonds with the utmost care and consideration.

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