Of
late years the Diamond-industry of Borneo has suffered a serious
decline. This is due partly to the fact that the superficial deposits
have been mostly worked out, and the working of the drifts below is
expensive and troublesome: the rulers, too, do but little to encourage
Diamond working, as they claim all the large stones for themselves,
and exact a royalty on the small ones. But the chief cause of the
depression is, no doubt, traceable to the influx of Diamonds from South
Africa, and conÂsequent depreciation in the value of the Borneo stones.
If, however the deeper Diamond-drifts, which have as yet been scarcely
touched, were systematically worked on a large scale by Europeans, with
scientific appliances, there seems reason to believe that the Diamond
industry of Borneo might be successfully and profitably revived. It is
very notable that Borneo has produced more " fancy stones," or
beautifully coloured Diamonds of the rarer tint, such as red, green,
and blue, than any other known country, and what is still more curious
a smaller number of pale yellow and off-coloured stones.