Ch. 13: Principal Diamond Mines of S. Africa

Ch. 13: Principal Diamond Mines of S. Africa Page of 448 Ch. 13: Principal Diamond Mines of S. Africa Text size:minus plus Restore normal size   Mail page  Print this page
306                        THE DIAMOND
The Cullinan is included in the valuation of 1906 at a nominal figure, and the proceeds from the big diamond are not included in the figures of 1907.
The number of carats found and the cost of produc­tion per carat washed is as follows:
It may be that the weathering-out process to which the top layers in these chimneys have been exposed, re­duces the bulk of the material and thereby increases the percentage of diamonds. It is also probable that the first work was done on promising leads. All the Afri­can craters have streaks and pockets in the diamond-bearing earth which are far richer than the average, and men experienced in mining there, know the indications. Some spots in the Premier carried twenty carats to the load. At the beginning of an enterprise like the opening of the Premier, it was but natural that the man­agement would wish to make a good showing, and there­fore work the rich spots first, so as to get the largest returns in the shortest time possible. Good results meant money for development and a ready sale at good prices for the stock of the company. Having established the mine in the public confidence, and equipped the treasury with a surplus, the company could then afford to work over the entire area, many parts of which were richer in over-burden and inclusions than diamonds, conse-
Ch. 13: Principal Diamond Mines of S. Africa Page of 448 Ch. 13: Principal Diamond Mines of S. Africa
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