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Antwerp Diamond Centre is to release a stalled shipment of gems worth $200 million.

Some $200 million (£128.5 million) worth of diamonds has been released by a regulatory body in Belgium after a trading organisation lost its license.

According to Israeli Diamond Industry, the shipment of rough diamonds was seized because Brink, the organisation managing the transfer, had to commence bankruptcy proceedings for its Cash in Transit company earlier in November, with its license to trade revoked as a result.

The stones were held at Zaventem Airport under the authority of the Antwerp Diamond Centre (AWDC), an international regulatory body for the industry, after it raised financial concerns over the issue.

An open letter from the AWDC stated that the stalled shipment paralysed the distribution chain of rough gems, causing a great deal of damage to the sector, adding "Antwerp cannot be held hostage in this conflict any longer."

Last week, two rough diamonds mined in Lesotho, southern Africa were sold for $22.7 million, while a 4.68-carat rough blue diamond went for $4155,000 per carat – a record value for a gemstone from that site.

A diamond-adorned scented candle could cost the buyer $5,000.

A luxurious candle-holder complete with its own diamond necklace could cost buyers in the region of $5,000 (£3,188).

Writing for Oneindia, Denise Baptise noted that the ornament, which comes with a sparkling bejewelled chain in the shape of a bow, is made up of 38 precious tones weighing 2.23 carats, as well as14-carat white gold.

The Ultimate Luxury Candle is fragranced and when lit, the flame bounces off the gems – it also comes in a presentation box decorated with a white satin bow and the necklace can be worn separately.

Ms Baptiste describes it as being "the finest and most expensive" decoration that can be bought for a birthday or anniversary.

This week, a tequila distillery in Mexico launched what it claims to be the most expensive liquor bottle in the world, a diamond-encrusted vessel estimated to cost in the region of $3.5 million.

Hacienda La Capilla already holds the Guinness world record for the most valuable drinks container after another of its creations sold for $225,000 in 1996. 

Indian diamond necklace is set to sparkle at Hong Kong auction.

A diamond necklace worth 18-crore rupees (£2.4 million) will be the star attraction at the first Indian collection set for auction in Hong Kong later this month.

According to New Delhi Television, the jewel, which has been valued using the Indian crore – equivalent to ten million rupees – will go under the hammer at Christie's on November 29th.

Boasting a 12.29-carat Golconda diamond as well as rare Argyle pink gemstones, the masterpiece weighs just 50 grams thanks to artful design.

The eye-catching precious stone and the smaller Argyles, mined in Australia, have been set in as little metal as possible to give the impression that the wearer is only sporting the gems.

Described by the publication as "one-of-its-kind", the item took 1,300 experts more than a year to craft.

British jeweller Laurence Graff recently took home the world's most expensive diamond, bought at auction for £29 million.

The investor, who successfully bid for the 24.78-carat 'fancy intense pink' gem, has named it the Graff Pink.

Madonna has her sights set on a diamond bracelet and jewels formerly belonging to the Windsor family.

Madonna has her eye on a diamond bracelet with a regal history.

According to the Daily Mail, the pop star was seen trying on items displayed at a private viewing of the Windsor collection at Sotheby's.

One exhibit the celebrity is rumoured to have taken a fancy to is an onyx and diamond panther bracelet, which is being showcased alongside jewels gifted by Edward VIII to his American wife Wallis Simpson in the 1930s.

Madonna is said to be directing a film about Edward's abdication and has had his famous jewels replicated for the movie.

In a New York auction of Bernard Madoff's possessions last week, the former financier's wife's 10.5-carat engagement ring was sold to a mystery bidder for $550,000 (£344,000) – the item changed hands alongside such valuables as a Steinway and Sons grand piano, various items of clothing and a pair of velveteen slippers.