Word: diamonds
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Dates: during 1960-1969
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Moscow recently announced a discovery of diamond deposits in north central Siberia large enough to boost its output thirteenfold by 1965. Though the Siberian deposits seem to be gem stones, and the Communists do not want their women to think that diamonds are a girl's best friend, De Beers feared that the Russians might move into the world market and knock prices down. Quality industrial diamonds is what the Soviets want. Hence the deal: gems for De Beers, which can market them at best prices in the luxury markets of the West, and an assured supply of industrial...
American Steel Foundries hit a $1.05-a-share pace, nearly triple its 1958 performance. Beech Aircraft profits soared 63% ($1.41 a share v. 88?) on a 49% rise in sales, and Diamond Alkali Co. chalked up earnings of $1.03 v. 88? for last year. In Manhattan, Chairman George Romney led off the auto parade by announcing that American Motors pre-tax quarterly earnings were "considerably higher" than the $21 million earned a year ago, although the net may be less, because last year American Motors still had a loss carryover to offset taxes...
...ability to feel profound and communicable pain. The picturesque discomfiture and knavery that are familiar and amusing in Congreve and Gay are gradually, in Mr. Mayer's scheme, to be exposed as the sort of deep corruption which only the most sombre tragedy will generally attempt to plumb. The diamond-pointed cutting-tools of the Age of Wit are to be used to lay bare the dark reality of metaphysical evil. Think of Congreve trying to be Dostoevsky--better, think of a Broadway playwright of the 1920's, which Mr. Mayer was when he wrote Children of Darkness, trying...
...York Mirror. All Paris was agog at word about a "titled international couple who had a little jewelry trouble lately. It seems that two years ago when the gentleman married his beautiful lady, he bought from an American jeweler of excellent reputation a magnificent pair of canary diamond earrings and four black pearls- of unparalleled size and beauty. This summer the lady noticed the pearls were fading. She took them to several Paris jewelers." Their unanimous verdict was that the pearls had been dyed. Then the diamonds were found to be artificially colored. Result: "When the couple visited New York...
...Natural black pearls and natural canary diamonds are rare. A black pearl four-tenths of an inch in diameter is worth up to $7,500 compared to $350 for a culture white pearl dyed black. A large canary diamond (not to be confused with off-color or cheap "yellow" diamonds) may bring ten times the price of a white stone. Diamonds can be synthetically colored by atomic radiation or dyed by a vacuum process similar to coating a photo lens...