Word: carats
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Dates: during 1970-1979
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...After five husbands and a few flirtations, Actress Elizabeth Taylor has managed to collect a nice little box of rocks. Among her favorite gems: the 69.42-carat Cartier diamond, the 33.10-carat Krupp diamond and the Peregrina pearl that once belonged to Mary Tudor. Soon she will be slipping her size 7½finger into a new bauble, courtesy of her current fiance, John Warner. The ring, designed by Warner himself, features a red, white and blue motif made from a ruby, diamond and sapphire, and it has been likened to a miniature fireworks display. Chances are, the design...
There is, for instance, the 16,000.83-carat "Vulgari Emerald." In no way connected with famed Bulgari diamond merchants, of course, the Vulgari is surrounded by "diamonds and pearls. . . except for the third pearl from the left, which is courtesy of Woolworth's." Other gems are the " 'La Fabiola' Faerie Diamond," the "Royal Order of the Corset" rubies, and the social climber's special-an outsized pendant dubbed "The Fitz-Hall" ("and it does"), featuring France's Regent diamond, now barricaded in the Louvre...
...figured in. At the other end of the retail spectrum: "We are having the best Christmas we have ever had," said Nicola Minelli, manager of a jampacked Gucci branch in Beverly Hills. Minelli was hard pressed to meet the demand for $6,000 "classic" handbags (lizard with 18-carat gold fittings and chain). At Manhattan's Tiffany & Co. consumers snatched up nine $3,800 calculator watches and about 2% miles of "diamonds by the yard." Chairman Walter Hoving reported a 38% sales leap over December...
Diamonds may be a girl's best friend, but for the police they are a major nuisance. Once they are stolen, they are among the easiest of valuables to sell. Even if they are recovered, the four Cs of the diamond business-cut, clarity, carat and color-provide only the roughest means of identification. In fact, identification is sometimes so difficult that police have occasionally been forced to return diamonds to a known thief because there was no proof that they were stolen goods. Now, Israeli scientists think they have solved the gem identity crisis with a system that...
...yellow metal will probably come from middle-class conservatives in the Western states, where vestigial distrust of Big Government and its powers to manipulate paper money remains strongest. Yet it is far from certain that the U.S. will become a nation of goldbugs, sinking lifesavings into 24-carat bars and furtively stuffing them under the floor boards. Says Harvard University Sociologist Lee Rainwater: "Americans tend to be optimistic about the future, and when you believe things will turn out well eventually, you're not that interested in hoarding gold...