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.
Poshmark, the massive digital marketplace for fashion, is launching a curated "gifts market" with more than 6 million items for the holiday season. CEO Manish Chandra explained to Cheddar on Tuesday how the company is leveraging its massive scale to create a streamlined shopping experience for its 40 million users. "It's like making a whole mall a single department store," Chandra said.
It was another rough morning for the markets as the tech sector continued to drag down the major indexes. Retailers such as Target, Kohl's, and Lowe's were also trading lower after reporting disappointing quarterly earnings results. Plus, Cheddar sits down with actress Michelle Rodriguez and director Robert Rodriguez to hear about their new VR film 'The Limit,' now available across all VR headsets.
With news that the White House Correspondents' Dinner will break a long-standing tradition by replacing a comedian host with a historian, Jon Levine, media editor at The Wrap, discusses whether the event should even exist anymore.
PG&E's wildfire liabilities may not be limited to the 2018 Camp Fire that has already exposed the California utility to billions in potential costs. J.D. Morris, energy reporter for the San Francisco Chronicle, told Cheddar that the worst case scenario would find PG&E also responsible for the 2017 Tubbs fire.
These are the headlines you Need 2 Know for Tuesday, Nov. 20, 2018.
Since its founding in 1951, the Film Censor Board in India has kept Bollywood light and non-threatening. Enter Amazon, which is partnering with Excel Entertainment to produce "Mirzapur," a new, darker variety of Indian entertainment. Series creator Karan Anshuman talked to Cheddar about how Amazon helped them circumvent restrictions put on Indian television.
Actress and activist Sophia Bush has partnered with PayPal for Giving Tuesday, a national day of philanthropy. She told Cheddar she's focusing on giving back to her home state of California as it recovers from the devastating wildfires.
Beyond Meat, the purveyor of plant-based proteins meant to recreate the taste and texture of meat, has filed for an initial public offering that will help it develop new foods with far-reaching implications that may touch climate change, the obesity epidemic, and world hunger.
Nicolas Jammet, co-founder and chief concept officer at Sweetgreen, spoke with Cheddar about how the fast-casual chain is looking to redefine fast food.
These are the headlines you Need 2 Know for Monday, Nov. 19, 2018.
