Home » categories » rare book library » US Geol. Surv. 1903. Gemstones, Metals.
This chapter is tagged (labeled) with: 

Ch. 3: Precious Gem stones in 1903

Ch. 3: Precious Gem stones in 1903 Page of 111 Ch. 3: Precious Gem stones in 1903 Text size:minus plus Restore normal size   Mail page  Print this page
PRECIOUS STONES.                                      915
has hence made a net advance from 25s. 3d. to 29s. 9d. The two newer mines show a general small advance, and costs are diminishing with improved appliances and with the passing away of the-embarrassments due to the war.
Comparing the figures in these respects for the several mines, the facts may be tabulated as follows (omitting fractions of pence):
Ratios of yield and value at the De Beers Consolidated Mines, for the year ending June SO,
1903.
To give an idea of the immense total production from the group of mines controlled and operated by this great company the following figures have been compiled from the tables for the several years presented in the report. Of course even these results do not give the total of diamond production in South Africa, as large quantities were obtained in the years prior to the formation of the consolidated company, and both before and since that time other mines in the Orange River and neighboring districts have yielded considerable quantities. But the main output from the Kimberley mines under the present management is as follows:
Total yield from the De Beers mines since the consolidation in 1889 to June SO, 1903.
A sum therefore of nearly $250,000,000 expresses the value of the diamonds hence derived and added to the world's wealth in the last fifteen years. This amount (sales through the syndicate), however, large as it is, represents the uncut stones only. Their commercial value is fully doubled in the process of cutting and polishing for use.
In addition to the report of the assistant general manager, Mr. Alpheus S. Williams, and the tables of accounts, there are included the addresses made at the shareholders' meeting hj the chairman of the directors, Sir Lewis Loyd Michell, and by Mr. Julius Wernher, one of the two surviving life governors of the company, both of which are occupied with the discussion of important aspects. Mr. Wernher
Ch. 3: Precious Gem stones in 1903 Page of 111 Ch. 3: Precious Gem stones in 1903
Table Of Contents bullet Annotate/ Highlight
US Geol. Surv. 1903. Gemstones, Metals.
Suggested Illustrations
Other Chapters you may find useful
bullet Tag
This Page