Barrack Obama the new President of United States is gifting his wife Michelle Obama the costliest gift ever for participating and helping Obama in his campaign. Obama is gifting her ,a diamond and rhodium ring.

Rhodium is supposed to be costlier than gold and platinum and usually rhodium is used in jewelries that use white gold or platinum to give the jewelry more elegance and more strength. This ring is supposed to cost so much that an average person would have to put his one year salary in it….that’s what I call love!!!!

Paul Abdul of American idol fame likes to give parting gifts to the contestants of American idols who cannot make it to being a star. She likes designing jewelry and has been designing since 2002, since her first appearance on the show. She recently has designed new earning and a leather bracelet which has words “reach for the stars” carved on it and she will be giving away to this years American idol female participants….Oh, So Sweet!!!

New York’s museum of Arts and Design has opened a jewelry center which will display the art of jewelry. It will feature more than 130 pieces of jewelry from the ancient times and various other pieces of contemporary and modern design. It will have jewelry which will show the fine art and nature. The museum will last till March of 2009….. So good chance for jewelry lovers!

The Letseng mine in South Africa have found 478 carat diamond which has not been named yet .It is supposed to be the 20th largest diamond ever to be mined. It is reported that previously same mining company found diamonds of 601 carat in 1960, 603 carat in 2006 and 493 carat in 2007…Keep up the good work!!!