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.
The grocery chain on Wednesday launched "Kroger Ship," a delivery service that carries products straight to customers' doorsteps. Yael Cosset, chief digital officer at the company, tells Cheddar how Kroger can compete in the grocery delivery business.
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Chipotle again faces the challenge of regaining customers' trust after new fears of possibly contaminated food recalled the fast-food chain's 2015 E. coli crisis, says Nathan Bomey, a business reporter for USA Today.
Michael Schramm, CEO of the Austin-based start-up, encourages those who want to get in on the fast-growing scooter space to buy fleets of his company's vehicles. GOAT will provide the hardware and insurance, while the entrepreneurs will negotiate terms with local authorities.
Facebook announced this week it removed 32 pages and accounts suspected of midterm election tampering. But New York Times reporter Kevin Roose tells Cheddar there's still not a lot of information about who's behind the meddling.
Walmart's tech incubator, Store No. 8, is entering the virtual- reality market. Katie Finnegan, CEO and co-founder of virtual reality start-up Spatialand and founding principal of Store No. 8, discussed the future of VR shopping on Cheddar Wednesday.
After customers at an Ohio Chipotle said they felt ill, the chain temporarily closed the restaurant, reminding many people of a 2015 E.coli outbreak. Nathan Bomey, a business reporter for USA Today, says it has been difficult for Chipotle to move beyond that food scare three years ago.
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Like Napster, the long-gone music file-sharing site, MoviePass has disrupted a segment of the entertainment industry. And like its predecessor, the movie-ticket subscription service may not last long enough to compete in the industry it remade, says Jason Guerrasio, senior entertainment reporter at Business Insider.
The chief prosecutor of Jersey City, Jake Hudnut, stopped prosecuting pot possession cases and said a proposed bill legalizing recreational marijuana could mean "conceivably there will never be another person prosecuted in New Jersey for simple marijuana possession."
