diamonds

The average diamond engagement ring costs $3,500, but those prices don't appear to deter those in love. Still, you don't have to overspend en route to "I do." Soon-to-be-wed DailyFinance reporter Ross Urken did his homework before hitting the jewelry store, and shares what he learned.

Bogus burglaries, fake funerals, self-inflicted air rifle assaults -- people go to great lengths to convince insurers to cut a check to cover their personal and financial losses. But the financial gain from phony pain and suffering is often short-lived.

Are diamonds the ultimate recession buy? Recent data seems to suggest that our current economic turbulence is sending some Americans to the jewelers. Fine jewelry sales are expected to sparkle this holiday season, outshining much of the rest of the retail sector.

You might like sparkle, but -- if you're in the market for a diamond ring -- you probably also want to get a good deal. We spoke with some experts to find out how to get the best bling for your buck.

A 24.8-carat pink diamond was sold in an auction for a $46.2 million on Tuesday, the most money ever paid for a jewel, auction house Sotheby's said in a statement.

The luxury jeweler said its fiscal second-quarter net profit rose 19% thanks to solid growth in most regions. Tiffany also raised its full-year outlook.

Time to pay up Naomi, and not in uncut diamonds. The Internal Revenue Service filed a $63,487 tax lien against the British supermodel last month with the New York City Register's office for taxes assessed in 2009. Naomi Campbell might wish she'd kept one of those "blood diamonds" from Liberian...

De Beers' CEO Gareth Penny announced plans to step down as soon as a replacement is found, saying the time has come to wind down his oversight of the world's largest diamond producer, according to a report in Reuters.

If you're having a problem with a business, Consumer Ally can help. Write us at HelpMe@WalletPop.com. Q. Last August, I sent a bracelet and a diamond from a ring to Cash4Gold. They sent me $50 for the gold bracelet, but said they never received the heart-shaped diamond. They asked that I produce...

A new survey of by PayPal confirms that people are spending less on each other this year than they did before the economy took a crash but that doesn't mean they have stopped giving gifts altogether. The majority of men who took part in the survey reported that they wished they could give more to...