Elvis Presley's 10-carat diamond concert gift ring, considered the most unique piece of the legendary performer's memorabilia collection, will be auctioned by Affiliated Auction Galleries in Florida in December, as publishes by the collectibles auctioneer.

The King of Rock 'n' Roll gave the ring to Mr. Lloyd Perry during a concert in Asheville, North Carolina, on July 24th, 1975. During the concert, Elvis threw his Gibson guitar into the audience and it was simultaneously caught by Perry and the man seated next to him. Perry graciously agreed to let the other man keep the Gibson. Later in the concert, Elvis asked Perry to come on stage, shook his hand and than stunned his fan by taking off his diamond ring and giving it to him.

The 10-carat diamond ring, consists of 14 round cut approximate 0.44ct (each) / F-H color / I-1 to SI-1 clarity, 1 round cut approximate 1.29ct / H color / I-1 clarity, 1 round cut 1.39ct / H color / I-1 clarity and 3 emerald cut approximate .35ct (each) / H-I color / VS-2 clarity, making for  19 four-prong set diamonds in total, set in 14K yellow gold and weighing 27.2 grams. Size 11.

According to Affiliated Auction Galleries' catalog, the ring is carries a complete file of provenance from consignor Perry which is said to include an autographed copy of Lee Cotton's book "Did Elvis sing in your hometown too 1975" (gift event referenced on page 208), three copies of The Asheville Citizen-Times and Bristol Herald Courier with feature stories about the ring gift event, in excess of 40 original photographs of the event as it occurred and others of Elvis wearing the ring in other venues, original tickets from the concert and a signed letter of authenticity from Consignor Lloyd Perry.

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A growing huge diamonds market is creating. Some say that China is the world's new biggest emerging market. That is true, just review the recent data: China has the highest number of youngest millionaires. The GDP keeps rising and starting last week – it is the world's top exporter.

With a population of more then 1.3 billion people and mass and cheap production, the standard of living  has increased exponentially; and with better living  come luxury goods – diamonds and jewelry. It seems that China is taking over Japan's spot at the world second largest consumer of diamond jewelry, while Japan's jewelry and diamond market slumps.

With wedding diamond rings as the favorite for the younger population, Chinese imports of polished diamonds gained 12.7% over the first six months of 2009, hitting a record of $300 million. The new diamond rush took over  the local adoration of other jewelry, such as  gold jewelry.

"The Chinese diamonds market will inevitably grow because Chinese people's love of diamonds is growing," says Wang Fei, a researcher specializing in luxury goods at the University of International Business and Economics in Beijing.

Diamond trade opportunities are wide open for diamond dealers, brokers, miners and retailers. Jewelry retailers are also expected to expand in China as the biggest diamond consumers in traditional markets are still dealing with the results of the economic crisis. Some experts predict that China will become the biggest diamond, watches and diamond-jewelry market in the world within the next four years.

Just a few days ago, China's Vice President Hu Jintao visited the World Diamond Center. He walked away with gifts of a two-carat diamond with the Chinese flag and a Chinese flag pin made out of 60 rubies and five diamonds.

The international trade show that took place in Hong Kong recently, gave dealers the opportunity to increase awareness and drum up clients from China. By next year, China may become the biggest player in the conference's main halls. China was considered a growing cheap-labor market for many years; but once basic consumption began to increase, so did that of luxury and leisure products.

Canada is the youngest player in the world of diamond mining. In the last decade, Canada's diamond production gained from scratch to becoming the third largest in the world, with only 4 mines: Ekati, Diavik, Snap Lake and Victor, who just won the title "the mine of the year". The Canadian production has reached 10% of the global supply in means of carat and 14% in terms of American dollars.

Canada is the second largest country in the world after Russia, with an area of some 10 million sq.km. In addition to diamonds, Canada owns other natural resources, such as iron, copper, wood, natural gas, oil and more. These natural resources and Canada's geographic location just up to the U.S.A, and is the key for its economic stability and success. Today Canada is the world's ninth largest economy. Despite the fact that in 2008 there was a further deceleration due to the considerable dependency upon the US economy, the Canadian economy is expected to recover and achieve a growth rate of 2.3% in 2009.The first diamond mine in Canada was discovered only in 1991 in the cold and almost arctic Northwest Territories, which led to the opening of the Ekati mine. But the search for diamonds in Canada began many years ago, and it is full with stories of desperate broke diamond hunters who left their family and life just to be the firsts to find indicates for diamonds in the wild. In discreet and on secret missions, De Beers and other diamond and mining companies sent spies and double agents to collect sand samples and inelegance.

Most of the searchers didn't even say they were looking for diamonds, and used gold as their reason. Among the famous and today's rich pioneers are Chuck Pipke, Stuart Blusson, Grenville Thomas and his daughter Eira, which was only 6 years old when he took her with him to the Canadian arctic

Today the Canadian diamond industry is sort of a miracle. In such a short time, it managed to increase and expand its diamond production. The total diamond production in Canada for 2008 rose 30% from 2007, and summed at $2.25 billion.

Although the vivid diamond industry, polishing factories are not common in Canada. Recently Canada opened a new diamond exchange.

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