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Singer Katy Perry Shows Off $5M Engagement Ring — Take a Look

It’s one of the most expensive celebrity engagement rings ever.

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full bloom

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Singer Katy Perry took to Instagram to show off the engagement ring she got from actor Orlando Bloom when he popped the question on Valentine’s Day.

E! News explains that “the flower-shaped sparkler appears to have a pink center stone with diamonds surrounding it, along with a gold band.” She captioned the photo “full bloom.”

Andrew Brown, president of WP Diamonds, told E! News that the ring is likely worth about $5 million.

He said it appears to feature “a 4-carat fancy vivid pink oval shaped diamond.” That stone is encircled by eight white diamonds.

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The estimated price tag would put the ring among the most expensive ever worn by a celebrity.

Perhaps the most expensive celebrity engagement ring ever was the $10 million sparkler given to singer Mariah Carey in 2016 by Australian businessman James Packer. Their engagement was called off that same year.

Read more at E! News

Over the years, INSTORE has won 76 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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Jewelry Chain Looks to Build $13M Headquarters

It will employ about 100 people.

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James Avery, a Texas-based manufacturer that operates 88 stores, is looking to open a second headquarters at a cost of $13 million.

The facility would be located in Cedar Park, TX, KXAN-TV and the Austin Business Journal report.

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James Avery Craftsman Inc. is seeking more than $500,000 in economic incentives for the project.

As part of the agreement, the headquarters would need to have a payroll of about $4.9 million by 2025. It would also need to consist of at least 35,000 square feet.

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The Business Journal reports that the facility would have more than 100 employees.

Kerrville-based James Avery, known in part for its Christian-themed jewelry, is particularly popular in its home state of Texas, where it operates 80 stores.

Read more at KXAN-TV

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Video: 3 Millennial Couples Reveal Their True Thoughts On Lab-Grown Diamonds

MVI Marketing has released a new video.

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MVI Marketing has released a new video in which three millennial couples reveal what they think about lab-grown diamonds.

The couples interviewed by MV Eye are all actively shopping for engagement rings.

In the video, which is under three minutes long, they’re asked about topics such as their budget, their shopping preferences and their views on lab-grown diamonds.

Watch the video:


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GIA Identifies Mixed Natural-Synthetic Diamond

It ‘could be a new type of product entering the market.’

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The Gemological Institute of America had identified a stone that is a composite of synthetically grown and natural diamond.

It was described as a 0.64-carat fancy grayish greenish blue cushion modified brilliant. It turned out to have a “CVD synthetic diamond overgrowth,” according to GIA, which described the finding in the Spring 2019 issue of Gems & Gemology, its quarterly scientific journal.

The grayish greenish blue was caused by the gray and blue components from the CVD layer and the yellow from the substrate.

“The resulting color was likely the main motivation for growing the CVD layer on top of the natural diamond, though the extra weight gained could also be a factor,” according to the article.

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GIA added: “With the second of these composites seen at GIA, this could be a new type of product entering the market.

“Earth-grown diamonds with synthetic diamond grown on the surface require extra scrutiny due to the presence of natural-looking features, both spectroscopic and gemological. Careful inspection still reveals the presence of synthetic indicators, which expose the true nature of the diamond.”

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