ARRA News Service
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, February 23, 2018

5 Record Breaking Gemstones Even Billionaires Can’t Buy

by Charles Kennedy:   As Elizabeth Taylor once said: "I adore wearing gems, but not because they are mine. You can't possess radiance, you can only admire it."

It's a good philosophy, because when it comes to the world's biggest, rarest and most extraordinary gemstone discoveries, no one—not even billionaire President Donald Trump—could afford the possession.

We're not talking about the average diamond engagement ring that sets you back $4,000 and was probably grown in a lab. And we're not talking about the $3,000 ruby that was probably treated.

We're talking about the rarest gemstones in the world, like the ‘Guinness Emerald' that came out of Fura Gems' Coscuez emerald mine in Colombia, where excavation has only reached 10% and the next gem of the century is just waiting to be discovered.

Every year, the mining industry grows by hundreds of billions of dollars. The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher.

That means that the greatest discoveries have yet to be made.

Here are just five examples of stones that broke all the records:

#1 "Star of Adam" Blue Star Sapphire—$100-300 Million
The world's largest blue sapphire was discovered in Sri Lanka in early 2016. Named the "Star of Adam," the massive stone weighs an incredible 1,404 carats.

The stone is a blue "star" sapphire, so named due to the bright six-pointed star that appears whenever light is reflected on the stone's surface.

Estimates of the stone's value range from the $100-$175 million range to as much as $300 million.

This single stone is worth the annual gem industry of Sri Lanka, which averages $103 million per year in exports.

Interest in blue stones increased worldwide after the royal wedding of Kate Middleton and Prince William in 2011. Middleton wore a 12-carat blue sapphire engagement ring, piquing interest in the stones and sending demand upwards.

But the royal stone has nothing on the massive Star of Adam.

This single stone is worth the annual gem industry of Sri Lanka, which averages $103 million per year in exports.

Interest in blue stones increased worldwide after the royal wedding of Kate Middleton and Prince William in 2011. Middleton wore a 12-carat blue sapphire engagement ring, piquing interest in the stones and sending demand upwards.

But the royal stone has nothing on the massive Star of Adam.

#2 Guinness Emerald—$500 million
Here's a stone so grand, it made it into the Guinness Book of World Records.

The 1759-carat emerald was discovered at the Coscuez mine, owned by Fura Gems. It was for several years the largest un-cut emerald on earth.

Only 10 percent of the Coscuez mine has been explored, which means there could be several stones like the Guinness Record emerald locked underground.

Fura Gems recently announced its total take over of the Coscuez mine. For only $10 million, the company took possession of a mine that could yield hundreds of millions of dollars’ worth of emeralds just like the Guinness Emerald.

The stone, in its un-cut form, could be worth $17 million, at a valuation of $9,800 per carat.

But once it’s been cut, it could sell for a whole lot more. An 18-carat emerald ring, for example, sold at auction in June 2017 for $5.5 million.

That means the Guinness Emerald could be worth more than $500 million to the right buyer.

Right now, the stone is resting comfortably in the Banco Nacional in Colombia.

#3 Chaiyo Ruby—$448 million
This mysterious stone has quite the back-story.

The Chaiyo Ruby is an enormous gemstone weighing 109,000 carats: that's roughly the same weight as a seven or eight-year old child.

The stone has been valued at approximately £320 million, or about $448 million.

The ruby came out of a mine in south Asia, though where it was mined exactly is subject to considerable debate: both Myanmar and Thailand dispute ownership.

There have also been accusations that the stone is a fake, that it was manufactured in Myanmar.

In fact, the stone is so mysterious, its current whereabouts are unknown. It vanished in the early 2000s, and may be sitting in a safety-deposit box in Laos. Some rumors speculate that it was stolen from its original owners by members of the Myanmar military.

Whatever the truth is, it's certain that this massive stone is one of the rarest and richest finds of the recent era.

#4 Bahia Emerald—$250-$925 million
The world's largest emerald ever uncovered in a single shard, the Bahia Emerald weighs approximately 1.7 million carats, or 752 lbs. It was discovered in the Bahia region of eastern Brazil.

The huge stone, which currently sits in a vault in Los Angeles, could be worth as much as $925 million.

The incredible stone was stored for a time in New Orleans, and was nearly washed away by the flood waters of Hurricane Katrina in 2005.

Like the Chaiyo Ruby, the Bahia Emerald is shrouded in mystery. After surviving Katrina, the stone was stolen from a secure vault in South El Monte in Southern California in September 2008.

After the theft, the stone was tracked down and is now in the middle of a bitter legal battle to determine rightful ownership.

Eventually, the Bahia Emerald was awarded to FM Holdings in June 2015. But then the government of Brazil insisted it had been mined illegally, and that it rightfully belong to Brazil. That got the case started all over again.

Today, the world's biggest emerald sits in an evidence vault at the LA sheriff's office. Who knows when it will see the light of day.

#5 Letseng Diamond--$50-$100 million
In the tiny African country of Lesotho, a massive recent discovery was made: a 910-carat colorless, pure diamond.

The 6.4 ounce stone is about the size of two golf balls, but don't let the size fool you: it could easily be worth tens of millions of dollars to the right buyer.

Another stone discovered by the same company sold for $20,000/carat. Analysts say the Letseng diamond could be worth as much as $40 million, and possibly much more.

Colorless diamonds, which have no visible impurities, are very rare. They are also in high demand from jewelers.

The Letseng stone has almost no nitrogen in its composition. Nitrogen can give diamonds a yellow hue, so the stone's colorless look will make it shine much brighter once it's been cut and polished.

And a stone of this size could easily yield a number of smaller stones, cut into various jewelry.

The largest diamond in history, for example, was the 3,106-carat Cullinan diamond discovered in 1905. It was later cut into nine large stones and more than 100 smaller ones.

This recent discovery makes it clear that huge value awaits to be unlocked by the world's leading mining firms. Worldwide, mining firms added $141 billion to their value last year.

And with specialized companies like Fura Gems at the forefront, there are sure to be huge, exciting discoveries. The world's largest and most valuable diamonds and gemstones are waiting to be uncovered.

After all, records were made to be broken. should keep Freeport on their radar if gold and copper prices remain steady in 2018.
-----------------
Charles Kennedy authored this article contributed by James Stafford the publisher of OilPrice.com, the leading online energy news site, to the ARRA News Service.

Tags: 5 Record Breaking Gemstones, Charles Kennedy, James Stafford, Oilprice.com To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 10:15 AM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Defeat Obama's Agenda
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Maggie's Notebook
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.