Monthly Archives: January 2017

Merlin Mines has just unearthed Australia’s fifth largest diamond

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Merlin Diamonds (ASX:MED) has unearthed Australia’s fifth largest diamond from its namesake mine in Australia’s Northern Territory, currently in the ramp up phase.

The company said the 35.26 carat brown diamond was among a number of rough gems found at its Merlin mine, including a 14.6 carat brown rock as well as a number of smaller white diamonds.

Shares in the company jumped 7% to $0.015 after the announcement.

Last month, the company found a very rare blue coloured diamond, believed to be the first blue gem produced at Merlin.

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The blue diamond found last month. (Image courtesy of Merlin Diamonds)

Blue diamonds are even more unusual than pink ones, normally found at Rio Tinto’s Argyle mine in Western Australia.

In June last year, a massive intense blue diamond, known as The Cullinan Dream, fetched $25.4 million at a Christie’s auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

Australia’s largest diamond, a 104.73 carat stone, was discovered at Merlin, which was run by Rio Tinto and Ashton Mining between 1999-2003, before being acquired in 2014 by Merlin Diamonds, formerly North Australian Diamonds.

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Henry Sapiecha

History Of Diamonds on video

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Diamonds are by far the most popular gemstones used in modern jewelry, but do you know where they came from?

Diamonds have been considered to be beautiful and very valuable for a long time. In the 1st century AD, a roman naturalist said that the “diamond is the most valuable, not only of the precious stones, but of all things in the world.”

The international love of diamonds started in India. They were trading diamonds as early as the 4th century BC. Eventually, they started trading to the Europeans, and became very popular among them by the 1400s.

In the 1700s, Brazil became a diamond-mining powerhouse.

The int 1800s, after the French Revolution, western Europe and the US became more wealthy and the demand for diamonds exploded.

By the 1900s, South Africa mined 90% of the world’s diamonds.

Recently, diamonds have been found in Australia and Canada.

Diamonds have truly withstood the test of time and will always be in fashion.

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Henry Sapiecha