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.
These are the headlines you Need 2 Know for Wednesday, Dec. 26, 2018.
Since 2017, the third floor of the iconic Cleveland, Ohio, house that was the fictional home to the bespectacled hero of "A Christmas Story" has been rentable to fans of the classic movie. And this year, the neighboring "Bumpus" house is also available to the more cantankerous among us for overnight stays.
Caliva, a Silicon Valley-based marijuana company, is waging an extensive recruitment campaign to hire drivers from popular ride-hailing and delivery companies, including Uber, Lyft, and DoorDash. "What we've found is that a lot of the drivers who normally drive for Uber, Lyft, or DoorDash are really looking to have not just a full-time or part-time job with benefits, but they're looking to be part of something," said Caliva CEO Dennis O'Malley in an interview on Cheddar Monday.
In 2019, 10 minutes out of every hour of media engagement will be spent streaming video on mobile, app market data provider App Annie told Cheddar. In 2018, app downloads hit 113 billion, Levitas said, while spending on Google ($GOOGL) Play and the Apple ($AAPL) app store hit $76 billion. On average, Americans spent three hours per day on apps.
New video-sharing platform Portal wants to help online video creators cash in on their content, says company founder Jonathan Swerdlin. "Portal is the first video sharing platform that everyone can use that completely skips the ad model and introduces really easy ways for users to pay each other," Swerdlin said in an interview on Cheddar. "Everyone can be their own mini HBO."
Christmas is on Tuesday, which means Panic Saturday is upon us. Dec. 22 is expected to be the second-busiest shopping day at stores this year, falling short in foot traffic only to Black Friday. Bill Simon, the former CEO of Walmart U.S., told Cheddar Friday that brick-and-mortar retailers are about to have their moment, since "the online guys are done, they can't get it there in time now."
Fair Financial is riding high on its recent $385 million round of funding. Founder and CEO Scott Painter is even willing to bet the used-car-subscription startup will go public down the line. "In most cases, I think it is really foolish to set a target that says, 'we are going to be a public company,' but in Fair's case, there is quite literally just so much money involved," Painter told Cheddar on Friday. "It will have to be a public company sooner than later."
With just a few days left in the year, Cheddar decided to take a look at the best and worst of what 2018 had to offer in entertainment.
Rather than flee to Neverland, Peter Pan might have enrolled in "adulting" school. And so too can stunted millennials ー daunted by bill-paying, cooking, cleaning, and the like ー if they take a class in adult skills at a new institution in Portland, Maine.
Sixty percent of millennials would have to beg, borrow, or steal if confronted with a mere $1,000 in emergency expenses, according to a new survey from LendingTree, which defines the generation as those between 22 and 37 in age. Brian Karimzad, vice president of research at LendingTree, told Cheddar that millennials were least prepared in part due to the combined $1.5 trillion in student loan debt they are carrying.
