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 ($6.8 million). The auction house plans to accept cryptocurrency as a possible payment as well.
Sophie Stevens, a jewelry specialist at Sotheby’s Dubai, told The Associated Press that the number five bears an importance significance to the diamond, which has 55 facets as well.
“The shape of the diamond is based on the Middle-Eastern palm symbol of the Khamsa, which stands for strength and it stands for protection,” she said. Khamsa in Arabic means five.
“So there’s a nice theme of the number five running throughout the diamond," she added.
Stevens also said the black diamond is likely from outer space.
“With the carbonado diamonds, we believe that they were formed through extraterrestrial origins, with meteorites colliding with the Earth and either forming chemical vapor disposition or indeed coming from the meteorites themselves,” she said.
Black diamonds, also known as carbonado, are extremely rare, and are found naturally only in Brazil and Central Africa. The cosmic origin theory is based on their carbon isotopes and high hydrogen content.
CBD is the latest hot trend in wellness ー and Alkaline Water Company is jumping aboard with a new CBD-infused water.
"We just see that as a market we can take right onto, and glom onto," Alkaline Water Company CEO Ricky Wright told Cheddar on Tuesday. "We already have a lifestyle health product in alkaline water ー we see that as a natural extension."
Cannabis is about to experience its biggest year yet, according to the CEO of Vertical Wellness ー but 2020 promises even more growth for the industry. "2019 is going to be the biggest year in history, until we get to 2020," Smoke Wallin, CEO of Vertical Wellness, told Cheddar Tuesday. "When you're on an exponential growth curve, every year is going to be giant. But this year is going to be bigger than any year before."
When Lululemon ($LULU) almost single-handedly pushed the athleisure trend into the mainstream, it seemed a passing fad, at best, that regular consumers would spend upwards of $90 or $100 on workout clothes. But years later, Lulu is going strong and new entrants in the space are betting there's even more runway left in pricey nylon leggings. Vuori is one of those brands making a big bet that athleisure is not so much a trend as it is the future of casual wear.
"Love You to Death," a movie about a real-life case of Munchausen syndrome by proxy and matricide, is just the latest example of Lifetime's recent ventures into "grittier" stories for women, Academy Award Winning actress Marcia Gay Harden told Cheddar on Tuesday. "We are moving away from a docile type of portrayal of women and we're going deeper, we're going darker, we're going grittier, we're going into what really it is to be a woman ー and not the presentation of, or the idea of ー and I think Lifetime is right there with that," Harden said.
Dry -- or sober -- January has become an annual tradition for many, and beverage companies are taking notice. Some distilleries are starting to offer non-alcoholic distilled offerings, and more restaurants are expanding their non-alcoholic selections. Ad Age editor Brian Braiker talked to Cheddar about the why people's tastes are starting to change.
Slowing economic growth may spell disaster for some businesses, but travel booking site Kayak tends to see more business when times are tough. "When we enter a recession, prices come down and so, as a result, services like Kayak get used more frequently as consumers try to find those deals," Kayak CEO Steve Hafner told Cheddar on Tuesday. The International Monetary Fund on Monday downgraded its forecast for global economic growth, sparking fears of a global slowdown. But Hafner said Kayak managed to grow through the last major recession, and he feels good about its prospects moving forward. "It was a bad one, but we grew right through it and I suspect this would be no different than that," he said.
Cloud9 has been dubbed the most valuable esports company in the world by Forbes Magazine ー a title that is thanks, at least in part, to the organization's powerhouse VP of marketing, Eunice Chen. Chen is an esports vet who has worked for industry stalwart Riot Games and even runs her own tournament production company, Heroeshype. In an interview with Cheddar Sports, she said, "there are always different ways we can break into new markets in esports and beyond."
"Roma," director Alfonso Cuarón's black-and-white opus detailing life growing up in 1970s Mexico, delivered the first chance at a Best Picture statute for the streaming giant as nominations were announced Tuesday morning. Even if it doesn't win, the nomination marks a significant milestone for a company that has upended just about every aspect of the content and distribution model in Hollywood.
"The Good Place," NBC's beloved comedy that continually asks its characters to examine their morality while navigating the afterlife, boasts big-name cast members like Kristen Bell and Ted Danson. But it's actor William Jackson Harper, who plays the indecisive and anxiety-ridden Chidi Anagonye, who has captured fans' hearts ー and the heart of Bell's character, Eleanor Shellstop.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
