Fossils found coated in diamonds May 09th. 2008 Ancient sea creatures living after the asteroid impact that wiped out the dinosaurs had a thing for bling which was out of this world. Scientists have discovered that they coated themselves with tiny diamonds made from carbon brought to Earth in the space rock. Fossils of the single-celled organisms were discovered in the Umbria-Marche basin of eastern Italy. The amoeba-like creatures made their own armor by sticking together sediment grains from the ocean floor. Researchers from University College London collected the fossils from rock samples just above and below the sediment layer created by the massive asteroid impact 65 million years ago. When the asteroid smashed into the Earth off the coast of Mexico the extreme pressure and temperatures generated manufactured diamonds. Some of the tiny jewels were formed by crushing and heating Earthly graphite rock. But others were truly extraterrestrial, being made from carbon carried in the asteroid. The scientists found evidence of these microscopic diamonds in the fossils. Other grains present were unusually rich in metals such as nickel and cobalt, indicating an extraterrestrial origin. The organisms, known as agglutinated foraminifera, are thought to have selected the diamonds for their density. (Copyright © 2008 by The Press Association. All rights reserved.) **************** Pear-Shaped Diamond to Be Sold                                                                                                                                                                                          March 11th. 2008 A 72.22-carat diamond, so large it could fill a tablespoon, is expected to bring up to $13 million when it goes on auction next month. Cut from an original rough diamond, the D-color, flawless gem is prized for its pear shape and GIA-graded excellent polish and symmetry. D-color is actually colorless and considered the most highly valued. It was previewed in Manhattan on Monday and will be offered on April 10 at Sotheby's Hong Kong galleries, which estimates its value at $10 million to $13 million. The buyer has the privilege of naming the stone. Sotheby's said the most expensive diamond and jewel sold at auction, the pear-shaped, 100.10 carat Star of Season, brought $16.5 million in May 1995.     DIAMOND EXPLORATION - Rare purple diamonds found in James Bay                                                                                    March 05th. 2008   QUEBEC - METALEX VENTURES of Kelowna, B.C., and its partners DIANOR RESOURCES and WEMINDJI EXPLORATION have unearthed rare purple diamonds from their Ekomiak V property in the James Bay region. The team recovered 649 diamonds, including nine rare purple stones, from 18 surface rock samples of conglomerates estimated to be 2.7 billion years old. "Natural fancy coloured diamonds are very rare and expensive. Purple is one of the rarest and most desirable colours, Metalex said in making its announcement. "This makes the Quebec diamond discovery both unique and amongst the oldest diamond-bearing occurrence in the world." The largest of the purple diamonds measured 335 x 379 x 225 microns. All the coloured stones were associated with samples having high diamonds counts. The largest diamond recovered from the samples was a colourless fragment measuring 1.06 x 0.98 x 0.56 mm. Diamonds are only one of the commodities that Metalex is actively seeking.   ********** Ottawa, ON., May 2nd. 2006 Good news for Canadian Jewellery and Diamond Shoppers, Luxury Tax (Excise Tax 6%) on Diamonds, Jewellery and Watches, immediately removed by new Conservative Government. On Tuesday, May 2, 2006, the Minister of Finance tabled a Ways and Means Motion to eliminate the excise tax on goods outlined in section 5, 5.1 and 5.2 of Schedule I to the Excise Tax Act. These goods are:   clocks with a duty paid value or sale price of $ 50 or more; articles made in whole or in part of natural shells or semi-precious stones; jewellery, including diamonds and other precious or semi-precious stones, for personal use or adornment of the person; and goldsmiths’ and silversmiths’ products.   The excise tax on these products is eliminated, effective May 2, 2006       **********     Toronto, ON., September 19th. 2005 The Diamond Wholesale Corporation ranks 27th in the Sixth Annual Profit Hot 50 Ranking: The Diamond Wholesale Corporation  ranked # 27 as one of Canada’s  Emerging TOP 50 Growth Companies in the sixth annual PROFIT HOT 50 ranking. The PROFIT HOT 50 is the definitive ranking of Canada’s emerging growth companies. Published in the September 2005 issue of PROFIT and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.   The Diamond Wholesale Corporation is the first Diamond OnLine Firm in North America to receive this prestigious award. The Diamond Wholesale Corporation (aka DWC Inc.), was incorporated in Richmond Hill, January 2001 by Patrick J. Boening with a vision of delivering superior Diamonds and Diamond Jewelry via the Internet. Market research revealed that customers are willing to purchase over the Internet if price, quality, and service, is better then what they experienced at their local jewelry stores. With a strong background in Gemology, Diamond Cutting and Diamond Wholesale, DWC Inc. has become unbeatable in its consulting services and price policy. Today DWC Inc. has an impressive client base including Hollywood celebrities. In 2005, DWC Inc. expanded its facilities and added an Office in Germany (Cologne) and will launch its new, German web site “www.Diamantfachhandel.de” very soon. DWC Inc.’s attributes its rapid steady growth to the pursuit of their original vision in delivering the best services, highest quality diamonds, and the lowest prices available, enabling clients to purchase for the same price as their jewelers do. PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to the CEOs of Canadian growth companies. Each year PROFIT, which currently reaches more than 400,000 readers nationally, hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada’s first national magazine geared to entrepreneurs. Diamond Wholesale Corporation's President & CEO, Patrick J. Boening (middle), receives the HOT 50 Award from PROFIT Publisher, Deborah Rosser (left) and PROFIT Editor, Ian Portsmouth (right).   The Diamond Wholesale Corporation is the first Diamond OnLine Firm in North America to receive this prestigious award. The Diamond Wholesale Corporation (aka DWC Inc.), was incorporated in Richmond Hill, January 2001 by Patrick J. Boening with a vision of delivering superior Diamonds and Diamond Jewelry via the Internet. Market research revealed that customers are willing to purchase over the Internet if price, quality, and service, is better then what they experienced at their local jewelry stores. With a strong background in Gemology, Diamond Cutting and Diamond Wholesale, DWC Inc. has become unbeatable in its consulting services and price policy. Today DWC Inc. has an impressive client base including Hollywood celebrities. In 2005, DWC Inc. expanded its facilities and added an Office in Germany (Cologne) and will launch its new, German web site “www.Diamantfachhandel.de” very soon. DWC Inc.’s attributes its rapid steady growth to the pursuit of their original vision in delivering the best services, highest quality diamonds, and the lowest prices available, enabling clients to purchase for the same price as their jewelers do. PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to the CEOs of Canadian growth companies. Each year PROFIT, which currently reaches more than 400,000 readers nationally, hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada’s first national magazine geared to entrepreneurs.   ********** Chinese cavemen may have used diamonds: [World News]: CAMBRIDGE, Mass., Feb. 18 : Researchers at Harvard University believe that prehistoric Chinese cultures may have used diamonds 5,000 to 6,000 years ago, the China Daily reported Friday. Findings published in the February issue of the journal Archaeometry speculate that craftsmen from China's Neolithic Sanxingcun (active 4000-3800 B.C.) and Liangzhu (circa 2500 B.C.) cultures used diamonds to grind and polish ceremonial stone axes. Studying four such axes unearthed from tombs of wealthy individuals, report author Peter J. Lu based his findings on the smoothness of the tools' surface examined under an electron microscope plus geologic evidence of diamond deposits within proximity of the ancient cultures. Lu was quoted in the China Daily as saying, "It's absolutely remarkable that with the best polishing technologies available today, we couldn't achieve a surface as flat and smooth as was produced 5,000 years ago." If Lu's findings hold up, it will push back the earliest use of diamonds by up to 3,500 years and may yield new insights into the origins of finely polished jade artifacts from Neolithic-era China. Copyright 2005 by United Press International **********   DIAMONDS DISCOVERED IN BULGARIA September 29, 2004   Diamonds have been recovered for the first time in Bulgaria says Doctor Harizan Harizanov, a lecturer at the New Bulgarian University, reports the Bulgarian press. Harizanov says that the diamonds were discovered in the area around Kardzhali, a town in Bulgaria's far south. Bulgaria mines ferrous and nonferrous metals, mineral fuels (mainly coal), and industrial minerals as clays, gypsum, and rock salt, though the country’s minerals industry is small on a global scale and only of regional importance.

PRESS RELEASE Published: February 11th. 2004