Free Republic

A flawless vivid blue diamond weighing 7.03 carats sold on Tuesday for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby's said. The rectangular-shaped blue stone, the rarest to enter the international market this year, went to an anonymous buyer bidding by telephone after hectic bidding see-sawed between two callers for 15 minutes. It was the centrepiece of its semi-annual sale in Geneva, conducted by David Bennett, chairman of Sotheby's jewellery department in Europe and the Middle East, who said the results showed the market's resilience despite the...

CAMP BLUE DIAMOND, AR RAMADI, Iraq (August 18, 2005) -- The Ramadi Glass Works Factory, which was once the second largest employer in western Iraq’s Al Anbar Province, is slowly coming back to life. The factory’s management is working with coalition forces to gradually reopen the plant, which was closed last November after insurgents used the factory to stage attacks. Due to its key role in the local economy, both groups have pushed to open the facility, which also includes a ceramics factory. “It employs 2,300 people and the way we look at it those are 2,300 families affected,” said...