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Ch. 17: The Diamond Market

Ch. 17: The Diamond Market Page of 396 Ch. 17: The Diamond Market Text size:minus plus Restore normal size   Mail page  Print this page
THE DIAMOND MARKET
163
force. A large illicit trade has been carried on at Christiana for many years in diamonds stolen in Kimberley and the river dig­gings in the Cape Colony. A few years ago the Government of the late South African Republic passed certain laws in reference to the registration of diamonds, but these laws were not stringent enough to stop the illicit traffic. Diamonds have also been found at Rietfontein, near Pretoria, but up to the present time the total yield has been very small. A few years ago there was a remarkable occurrence of diamonds in the conglomerate gold ores from the mines at Klerksdorp, when several green diamonds were found in the battery box. As the conglomerate is a sedi­mentary formation, the diamonds may have been washed into it from some crater in a similar manner to the depositing of diamonds in the itacolumite of Brazil.
Outside of South Africa the diamond fields of any deter­mined value are in Brazil, India, New South Wales, and Borneo.
Brazil. There was a revival of the diamond-mining industry to some extent in the Brazilian fields, owing to the diminution of the South African product by the Transvaal War. The State places a duty of 16 per cent on the valuation of all diamonds produced, and there is in addition a tax of 1 per cent demanded by the municipalities. Owing to the tax evasion, it is difficult to determine the total annual product. The value of exports from Minas Geraes during the first half of 1900 was reported at 250,000 milreis, $140,000.
Mr. A. de Jaeger has estimated the total production of Brazilian stones from the time of the discovery of the diamond fields at 12,000,000 carats, valued roundly at $100,000,000. It is stated, however, in " The Mineral Industry," presenting probably the best extant record, that the best available statistics show that the total output of Brazil, up to and including 1898, was 13,105,000 carats.1
Dr. Le Neve Foster, one of his Majesty's inspectors of mines, in his Annual Report on Mines for 1899, says: "Com­pared with the output of Kimberley, the total production of
Ch. 17: The Diamond Market Page of 396 Ch. 17: The Diamond Market
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