September 2012 Diamond News

Diamond Hunting In Arkansas:

Echoes of the past ring through the old mine shafts of Crater of Diamonds State Park. However, instead of hearing the call of, “there’s Gold in them there hills” modern day treasure hunters are looking for something with a little more sparkle. 

For example, diamond seeker David Anderson has made diamond hunting a full time occupation. After loosing his automotive industry job due to lay-offs, Anderson did not waste time in the unemployment line: instead, he headed for Crater of Diamonds State Park in search of his fortune. 

Anderson’s first trip to the park was in 2007 and it was a memorable one as on his third day he discovered 1.5-carat diamond.  “That”, Anderson states, “kind of hooked me”. 

David Anderson is only one among many treasure seekers making finds. In 2012 alone, Crater of Diamonds State Park has seen 30 finds by park visitors: 18 white, 6 brown and 6 yellow. 

Located atop a volcanic crater, the Park is the only diamond yielding site open to the public. Since its opening in 1972 over 30,000 diamonds have been found by park visitors many of them beautiful colored diamonds. 

Some of the parks most famous finds include:

 

The 4.25-carat Kahn Canary Diamond worn by Hillary Clinton during Bill Clinton’s inauguration as President of the United States.

 

 

ETF: Diamond Index

With the growing popularity of ETFs and a rising demand for alternative investment opportunities fund providers have been looking at introducing diamond backed EFTs. 

In fact, Chicago-based firm, GEMSHARES is working to bring the diamond industry into the investment world. By creating a measurable index the company plans to fill what they see as an investment void by creating a standard or “benchmark” basket of diamonds that will be based on color, carat, cut and clarity.

Currently GEMSHARES innovative idea is looking at a timeline of mid-2013. However this is very elastic depending upon the administrative process.

 

Argyle Diamond Tender:

It has been said that the Australia’s Argyle mine has passed it height in production and with rumors, that mine owner Rio Tinto is looking into selling…it may well be true. That however does nothing to detract from the exited buzz surrounding the mines upcoming tender. 

Launched a week ago, the tender is set for a world premier tour throughout September and October 2012. Included in the tour is a collection of 56 single pink diamonds, 2 red diamonds and 19 lots of blue diamonds.

 

Highlights of the show include:

• The Argyle Siren, a 1.32-carat square radiant cut Fancy Vivid Purplish Pink diamond

• The Argyle Satine, a 1.02-carat cushion cut Fancy Intense Purplish Pink diamond

• The heart-shaped 0.33-carat Argyle Allure

• The violet Argyle Heloise

 

Chief commercial officer of Rio Tinto Diamonds, Jean-Marc Lieberherr, has commented that the excitement surrounding this year’s tender is understandable because Argyle pink diamonds are a diminishing treasure.

Investors wanting to view the collection can catch up to it as it makes stops in Perth, Hong Kong and London:  bids close on October 15.

 

OGI launches a Portable Grading System for polished diamonds:

If you are looking for a high-resolution diamond-grading tool, you may want to check out UNOScope.  Based on HD digital camera and a high-speed calculating system this tool saves time in giving an accurate evaluation of diamond proportion, symmetry and facets.

Product specs:

• Advanced HD Digital Camera provides superior accuracy measurement

• Automatic or manual re-cut function for better cut

•  Updates reports – updates additional information manually on the reports (Polish, Color, Clarity, Fluorescence, Price signature and any other comments).System saves BMP, WMF, JPG, Excel and STL files.

• System saves BMP, WMF, JPG, Excel and STL files.

• Exports to CAD CAM jewelry software (STL Format).

• Exports results to any inventory software (reduces human mistakes and saves time.

• 3D view of the stone – allows you to view the measurement of the diamond proportion of every facet and symmetry.

• Finds and searches – finds matching stones in your archive.

• Plots inclusions that are to be added to your reports.

 

The system works with windows 7 and delivers printable reports that include information on weight, diameter, depth, crown angle and height, pavilion angle and height, culet and more.

 

Russian Diamonds:

Located in isolated northern Siberia sits the 100K wide Popigai Crater estimated to be 35.7 billion years old…the crater is a result of an asteroid’s impact with the earth. 

What brings this Russian landmark to our attention is the news that its collision created a wealth of impact diamonds estimated to be worth trillions of carats. Not only that: there is speculation that the high quality diamonds exist in enough quantity to supply the world diamond market for another 3,000 years. 

This week scientist from the Novosibirsk Institute of Geology and Mineralogy were permitted for the first time to talk about the diamond deposits. Novosibirsk Institute director Nikolai Pokhilenko stated, 

“The resources of super-hard diamonds contained in rocks of the Popigai crypto-explosion structure, are by a factor of ten bigger than the world’s all known reserves … We are speaking about trillions of carats. By comparison, present-day known reserves in Yakutia are estimated at one billion carats”.  

Adding, 

“The value of impact diamonds is added by their unusual abrasive features and large grain size … This expands significantly the scope of their industrial use and makes them more valuable for industrial purposes.”

Although these diamonds are not gem quality, they are still extremely valuable for industrial applications due to their extreme hardness, grain size and abrasive cuts.