Connect with us

Headlines

These Diamonds Are Completely Natural, But They Don’t Come from A Mine

They come from a place you wouldn’t expect.

mm

Published

on

De Beers is finding some of its best diamonds not from traditional mines, but from a place you might not expect — the ocean floor.

The company has set up an operation called Debmarine Namibia off Africa’s Atlantic coast, the Wall Street Journal reports. Debmarine is a joint venture between the company and Namibia’s government.

From 400 feet below sea level, De Beers is uncovering “some of the world’s highest-quality diamonds,” according to the newspaper. As a result, it’s increasing its investment in the operation, with plans to add a new sampling ship at cost of $166 million.

On its website, the De Beers Group explains: “The Orange River that carried diamonds from the centre of South Africa millions of years ago also also deposited its precious cargo across the ocean floor.”

At the moment, seafloor diamonds make up 4 percent of the company’s yearly production total. But because of their high quality, they account for a much larger share — 13 percent — of total value.

Debmarine holds the right to mine a 2,300-square-mile area offshore. So far, it has covered less than 3 percent of that.

Advertisement


Read more at the Wall Street Journal.

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular