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PRECIOUS STONES
85
three thousand eight hundred and sixty-four square yards nor less than thirty-four thousand seven hundred and thirty-two square yards. If the portion has never been leased, notice of the sale of the parcel selected is published, and thirty days after is sold at auction to the highest bidder. Only ten days' notice is required if the claim has been leased previously. A claim can be leased from one to ten years and renewed ad libitum on payment in advance of fifty per cent, of the aucĀ­tion price for subsequent periods of renewal. Usually there is no competition.
To work without a lease, a license is issued which grants the privilege for one year. It costs one dollar and fifty cents, including stamps. In addition, each village imposes a miners' tax of ten milreis (two dollars and forty cents).
Mining without lease or license subjects tools and stones to confiscation.
Besides the leases, concessions have been granted, all to Brazilians, except one to a French company at Cannavieriras. Most concessioners allow miners to mine from one-fifth to one-fourth the value of the stuff found.
In olden times there were many laws governing the search for diamonds. Dishonesty was severely punished. The finders of large stones were rewarded. Nevertheless, it was estimated that about one-third of the entire find was disposed of surreptitiously.
The entire Brazilian yield up to 1850 is estimated at someĀ­thing over ten million carats. Since then it has fallen off, the introduction of African diamonds having rendered the search for them in Brazil unremunerative. The rise in the price of diamonds during the past three years has, however, given an impetus to the industry, and Brazilian stones are again finding their way in larger quantities into the world's markets.
V' Borneo has produced more fancy colored diamonds than other countries, and a smaller proportion of " off-colored"