Najmat Taiba- World's Largest Gold Ring

A marvelous and eye grabbing piece of gold has arrived in Dubai’s “Deira Gold Souk”, a premier destination for gold enthusiasts in the Middle East. The “Najmat Taiba”, or, Star of Taiba, pictured above, is the world’s largest gold ring. Weighing in close to that of the average person, this massive 150 pound “gold ring” is 21 karot gold and additionally plated with 11 pounds of precious stones.

The Times of India reports that the ring is worth a considerable amount. The Najmat Taiba’s owner claims that it cost $547,000 to make the ring back in 2000. However, with the dramatic and now record breaking increase in the price of gold, the Najmat’s worth has multiplied drastically.

“"While it cost $547,000 to make the ring in the year 2000, the current value is worth over $3 million. This is the world's biggest gold ring and we have displayed it on behalf of Taiba, the Saudi Arabian jewelry maker who made this unique piece in 2000 when the gold price was only $250 per ounce," Kanz Jewellers Managing Director Anil Dhanak said.”

http://timesofindia.indiatimes.com/world/middle-east/Worlds-biggest-gold-ring-now-worth-3-million/articleshow/8411724.cms

Cash4Gold - Lower Gold Production to Drive Gold Price Up?

It was reported last week that there is trouble with Zimbabwean Gold Mines that could affect worldwide supply levels.

The Zimbabwe central bank has taken delivery of gold – for up to two years - but has not paid the mines for the gold. Many mines are now unable to pay workers, due to back payments owed. Zimbabwe’s largest exports are gold and tobacco, and in the past, Zimbabwe was the 3rd largest African producer of gold.

Zimbabwe now faces an inflation rate of 231 million percent and cannot afford many necessities. Continued gold exploration has ceased, because of flooding and inadequate funds to repair the mines. It is predicted that Zimbabwe will only produce roughly half the amount of gold compared to last year.

When demand for gold goes up, so does the price! Check out the prices that we pay for your old or broken jewelry at Cash4Gold. Read one of our customer reviews below:

To Whom It May Concern:

I am writing to let you know that I loved using Cash4Gold. I received my kit and within a week and a half or so I received my settlement. I spoke with your manager Larry & without any hesitation he worked things out for the better. He was great as was your customer service. You made the whole process simple & easy. It is greatly appreciated! I will absolutely recommend your company to friends & family.

Thanks,

Jill H

Visit Cash4Gold to see the prices we pay and to learn more about our process! Sell your gold today!