The greatest precious stones in the world
It is a respected truth that diamonds are undoubtedly a girl’s best friend and it may be that this is why gentlemen expend so much money lavishing their would-be brides with these heavenly gem stones. From bracelets to necklaces to earrings to wedding rings, diamonds have long been the most-loved stone to grace the bodies of both males and ladies. Due to their extremely high and often extortionate costs, it is not surprising that these gemstones are regarded as the rock of prestige, giving out an indication of the wearer’s wealth to the unaware passer by. It is fascinating to ponder that if it were not for the scarceness of such rocks, and thus the resultantly steep demand and supply curve, these gems wouldn't be nearly so noteworthy. And though there is not an endless source of these rocks, enormous diamonds continue to be spotted, some being the largest number of carats we have laid eyes on in the past century.
For excavation organizations, the discovery of a sizable diamond is excellent news in many ways. For instance, when Stephen Wetherall’s mining business excavated a 400 carat diamond, its shares improved by nearly 33%. It goes without saying that the selling of such a jewel is also a wonderfully lucrative one time financial transaction but, once the gem is sold, it is a relief for the company to consider that the excavation of such a jewel will benefit the business over a lengthier period of time.
As with many sectors, there are specific areas of the earth that are better and worse for mining. For instance, the excavation of diamonds is extremely lucrative in parts of Africa. In Southern African states, such as Botswana, Namibia and South Africa, we frequently hear of the uncovering of tremendous rough diamonds worth tens of millions of dollars. Brian Menell is a previous partner of a particularly trusted and highly-respected mining enterprise which runs South Africa’s largest diamond mine. No doubt this gentleman has experienced the unearthing of numerous stunning rough diamonds.
When a commodity is so very high in demand, and particularly when said good is in fact commonly thought of as a work of art, it often presents potentially interested buyers the chance to bid. Very often diamonds are shipped straight to auction houses, where the incredibly sought-after gemstones will go to the highest bidder. Sometimes it may take a few minutes for the bidding process to be finished, other times it may perhaps take an hour or longer still, but this is a part of the diamond buying experience for the richest members of society. Competing for precious stones is, for many bidders, stimulating and exciting. One of the largest diamonds to go to auction in the last 100 years was uncovered by William Lamb’s excavation firm.
