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The carat (ct) is a unit of mass equal to 200 mg (0.00705 oz) or 0.00643 troy oz, and is used for measuring gemstones and pearls. The current definition, sometimes known as the metric carat, was adopted in 1907 at the Fourth General Conference on Weights and Measures, and soon afterwards in many countries around the world. The carat is divisible into 100 points of 2 mg. Other subdivisions, and slightly different mass values, have been used in the past in different locations.
Crater of Diamonds State Park is a 911-acre (369 ha) Arkansas state park in Pike County, Arkansas, in the United States. The park features a 37.5-acre plowed field, the world's only diamond-bearing site accessible to the public. Diamonds have continuously been discovered in the field since 1906, including the Strawn-Wagner Diamond. The site became a state park in 1972 after the Arkansas Department of Parks and Tourism purchased the site from the Arkansas Diamond Company and Ozark Diamond Mines Corporation, who had operated the site as a tourist attraction previously.
The Argyle Diamond Mine is a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle was at times the largest diamond producer in the world by volume, although the proportion of gem-quality diamonds was low. It is the only known significant source of pink and red diamonds, and additionally provided a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds.
The Ekati Diamond Mine ("Ekati") is Canada's first surface and underground diamond mine. It is located 310 km (190 mi) north-east of Yellowknife, Northwest Territories, and about 200 km (120 mi) south of the Arctic Circle, near Lac de Gras. Until 2014 Ekati was a joint venture between Dominion Diamond Mines (80%), and the two geologists who discovered kimberlite pipes north of Lac de Gras, Chuck Fipke and Stewart Blusson each holding a 10% stake in the mine, until Fipke sold his share to Dominion.
The Diavik Diamond Mine is a diamond mine in the North Slave Region of the Northwest Territories, Canada, about 300 km (190 mi) northeast of Yellowknife.
The Jwaneng diamond mine is the richest diamond mine in the world and is located in south-central Botswana about 120 kilometers (75 mi) west of the city of Gaborone, in the Naledi river valley of the Kalahari. Jwaneng, meaning "a place of small stones", is owned by Debswana, a partnership between the De Beers company and the government of Botswana. It is the second newest of four mines operated by the company, having begun operations in 1982.
Debswana Diamond Company Limited, or simply Debswana, is a mining company located in Botswana, and is the world's leading producer of diamonds by value. Debswana operates four diamond mines in the eastern and central parts of Botswana, as well as a coal mine. Debswana is a joint venture between the government of Botswana and the South African diamond company De Beers; each party owns 50 percent of the company.
The Premier Mine is an underground diamond mine owned by Petra Diamonds in the town of Cullinan, 40 kilometres (25 mi) east of Pretoria, Gauteng Province, South Africa. Established in 1902, it was renamed the Cullinan Diamond Mine in November 2003 in celebration of its centenary. The mine rose to prominence in 1905, when the Cullinan Diamond – the largest rough diamond of gem quality ever found – was discovered there. The mine has produced over 750 stones that are greater than 100 carats (20 g) and more than a quarter of all the world's diamonds that are greater than 400 carats (80 g). It is also the only significant source of blue diamonds in the world.
The value of diamonds as an investment is of significant interest to the general public, because they are expensive gemstones, often purchased in engagement rings, due in part to a successful 20th-century marketing campaign by De Beers. The difficulty of properly assessing the value of an individual gem-quality diamond complicates the situation. The end of the De Beers monopoly and new diamond discoveries in the second half of the 20th century have reduced the resale value of diamonds. Recessions have engendered greater interest in investments that exhibit safe-haven or hedging properties that are uncorrelated to investments in the equities markets. Academic studies have indicated that investments in physical diamonds exhibit greater safe-haven characteristics than investments in diamond indices.
The Mir mine, also called the Mirny mine, is an open pit diamond mine located in Mirny, Sakha Republic, in the Siberian region of eastern Russia. The mine is more than 525 meters deep, has a diameter of 1,200 m, and is one of the largest excavated holes in the world.
The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located 420 km (260 mi) northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced 780,000 carats of diamonds from 1,200,000 tonnes of kimberlite mined from the open pit operation. Over $200 million was invested in the development of the Jericho operations including the construction of a 2,000 t per day diamond recovery plant, maintenance facility, fuel farm, and offices and accommodation for 225 personnel.
The Letšeng Diamond Mine, found in the landlocked Southern African kingdom of Lesotho, is owned by Gem Diamonds, Ltd. and the government of Lesotho, and at an elevation of 3,100 m (10,000 ft) it is the world's highest diamond mine.
The Diamond Fund is a unique collection of gems, jewelry and natural nuggets, which are stored and exhibited in the Kremlin Armoury in Russia. The Fund was opened in 1967 and its collection dates back to the Russian Crown treasury instituted by Emperor Peter I of Russia in 1719.
Diamond is one of the best-known and most sought-after gemstones. They have been used as decorative items since ancient times.
The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 20 large-scale mining companies producing gold, diamonds, bauxite and manganese, and, there are also over 300 registered small scale mining groups and 90 mine support service companies.
Petra Diamonds Ltd is a diamond mining group headquartered in Jersey. It has a diversified portfolio, with interests in eight producing mines in South Africa and Tanzania and an exploration programme in Botswana. Petra Diamonds' focus has shifted from exploration to production, becoming one of the largest independent producers of diamonds in Africa. In June 2012, Petra owns 5 of the world's most productive mines historically. These mines include the Cullinan Diamond Mine famed for having produced the world's largest rough and polished diamond. It is listed on the London Stock Exchange.
The Lac de Gras kimberlite field is a group of Late Cretaceous to Eocene age diatremes in the Northwest Territories, Canada.
Lesedi La Rona, formerly known in media as Karowe AK6 or as Quad 1 by the personnel at the mine, is the fourth-largest diamond ever found, and the third-largest of gem quality. It was found in the Karowe mine, in Botswana on 16 November 2015.
A red diamond is a diamond which displays red colour and exhibits the same mineral properties as colourless diamonds. Red diamonds are commonly known as the most expensive and the rarest diamond colour in the world, even more so than pink or blue diamonds, as very few red diamonds have been found. Red diamonds, just like pink diamonds, are greatly debated as to the source of their colour, but the gemological community most commonly attributes both colours to gliding atoms in the diamond's structure as it undergoes enormous pressure during its formation. Red diamonds are among the 12 colours of fancy colour diamonds, and have the most expensive price per carat. They will typically run in the hundreds of thousands of dollars per carat range. Since they are the rarest colour, it is difficult to find them in large sizes, and they are mostly found in sizes less than 1 carat. Red diamonds only exist with one colour intensity, Fancy, although their clarities can range from Flawless to Included, just like white diamonds. The largest and most flawless red diamond is the 5.11 carat Fancy Red Moussaieff Red Diamond, which has internally flawless clarity.
References
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