History of Diamond Some 2800 years ago, diamond was first mined in India. It was only until 1867, when a 15-year old boy named Erasmus Jacobs found a shiny yellow stone (21.25 carat) on a farm named de Kalk on the banks of the Orange River near Hopetown, south of Kimberley in South Africa. This is the birthplace of the modern diamond industry. The 1870s and 1880s in the Northern Cape saw a mad rush to the newly discovered diamond fields.
Diamonds are mined in many parts of the world, but 80% of the stones on the market today come from Angola, Australia, Botswana, Namibia, South Africa, Russia and Zaire. All of these sources might appear to indicate great availability, but this is not the case. More than 250 tons of ore need to be blasted, crushed and processed to yield just one carat of rough diamond. If that weren't enough, most of the rough extracted from the ground is not suitable for gems; only about 20% of all rough diamonds are suitable for gems cutting.
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