Auction house Sotheby’s Dubai has unveiled a diamond that’s literally from out of this world.
Sotheby’s calls the 555.55-carat black diamond — believed to have come from outer space — “The Enigma.” The rare gem was shown off on Monday to journalists as part of a tour in Dubai and Los Angeles before it is due to be auctioned off in February in London.
Sotheby’s expects the diamond to be sold for at least 5 million British pounds ($6.8 million). The auction house plans to accept cryptocurrency as a possible payment as well.
Sophie Stevens, a jewelry specialist at Sotheby’s Dubai, told The Associated Press that the number five bears an importance significance to the diamond, which has 55 facets as well.
“The shape of the diamond is based on the Middle-Eastern palm symbol of the Khamsa, which stands for strength and it stands for protection,” she said. Khamsa in Arabic means five.
“So there’s a nice theme of the number five running throughout the diamond," she added.
Stevens also said the black diamond is likely from outer space.
“With the carbonado diamonds, we believe that they were formed through extraterrestrial origins, with meteorites colliding with the Earth and either forming chemical vapor disposition or indeed coming from the meteorites themselves,” she said.
Black diamonds, also known as carbonado, are extremely rare, and are found naturally only in Brazil and Central Africa. The cosmic origin theory is based on their carbon isotopes and high hydrogen content.
Valentine's Day is typically the single biggest holiday of the year for Baked by Melissa, a popular mini cupcake company ー and this year it's shaping up to be its biggest holiday for e-commerce, too. "We had our biggest day of e-commerce in company history on Monday. Tuesday was the second biggest day," said Melissa Ben-Ishay, co-founder of Baked by Melissa.
Tilt Holdings CEO Alex Coleman is bullish on U.S. cannabis ー and Tilt is positioning itself to have a presence nationwide take full advantage of the shift from medical to recreational legalization as it happens. "There's no question this will be the biggest market ー our internal numbers say probably $100 billion," Coleman told Cheddar on Thursday.
These are the headlines you Need 2 Know for Thursday, Feb. 14, 2019.
Catching a ride in New York just got more expensive, and passengers aren't the only ones complaining. "It's a problem for the drivers," Aleksey Medvedovskiy, the president of NYC Taxi Group, told Cheddar Wednesday. "It's a problem for the general public."
Do you hate the consumerism of Valentine’s Day? You’re certainly not the first. The lovelorn have been trashing the pseudo-holiday since the 1800s.
It's a big week in cannabis earnings ー Aurora Cannabis reported Monday and Canopy Growth will report Thursday ー but Paul Rosen, CEO of cannabis private equity firm Tidal Royalty, said he's noticing a concerning trend."All the companies are facing gross margin compression because there are excise taxes, there's a massive marketing spend as we go to recreational cannabis, and there's also increased packaging costs. So I think you're going to see a trend line here, which is revenue and capacity going up, but gross margin is going down," Rosen told Cheddar Wednesday.
Opiant Pharmaceuticals, the developer of opioid antidote NARCAN, is in the process of developing a version of its lifesaving drug for cannabanoid overdoses, the company's CEO told Cheddar in an interview on Wednesday.
The internet is awash in restaurant reviews. Just ask anyone who's ever been paralyzed by the feeling of indecision when searching for a new place to eat. The Infatuation was created to apply some method to the madness. The restaurant review and recommendation service, founded by a pair of music executives a decade ago, uses "situational" recommendations with the belief that not all restaurant experiences are the same.
These are the headlines you Need 2 Know for Wednesday Feb. 13, 2019.
Kate Miller and Anna Duckworth want to help women come out of the cannabis closet.The pair co-founded Miss Grass, an online magazine and shop that curates products with female cannabis users in mind. Together, they're pushing back on the notion that only a certain kind of person smokes marijuana. "Marketing, what has been out there historically, has really leaned into this stoner stigma and this male, lazy guy on the couch," Miller told Cheddar.
