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Miner digs up 182-carat diamond


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From CNN:
Miner digs up 182-carat gem – and trouble
Monday, July 19, 2004 Posted: 11:35 PM EDT (0335 GMT)

Miners pan for diamonds near Koidu in the northeast of Sierra Leone
near the Guinean border on June 8.

CONAKRY, Guinea (AP) – There’s lucky: Finding a diamond when you’re
a young miner sweating it out in the west African forests of Guinea.
And there’s too lucky: finding a 182-carat stone that everyone –
starting with the government of Guinea – wants a piece of.

Result: the stone – four times the size of the famous Hope diamond
– was tucked away Monday deep in the vaults of Guinea’s Central
Bank. No pictures, please.

And the 25-year-old miner who found it, if not exactly in hiding,
was making himself scarce. No interviews, please.

State radio in impoverished, mineral-rich Guinea announced the find
last week. Guinea mining industry officials confirmed Monday that the
newly dug-up stone – though not flawless – was a fortune in the
rough.

“It’s a quite brilliant diamond, of good enough quality despite
having numerous veins. One thing is certain – it’s worth millions of
dollars,” a top official with the Aredor mining company, Guinea’s
biggest diamond operation, told The Associated Press.

The Guinea gem is 4 inches by 1.2 inches high – roughly the size
and shape of your average computer mouse.

The Hope diamond, by contrast, is 45.52 carats.

The largest diamond ever found, the Cullinan, was a gaudy
bowling-ball size beauty at 3,106 carats in the rough.

Freelance discoveries of big diamonds in west and central Africa
typically touch off fierce, fast-buck feeding frenzies, pitting the
finders and first-round buyers against would-be moneymakers higher up
the food chain.

Finders, terrified, have been known to flee into the bush rather
than dare bring their find to market.

In Congo in 2000, the government confiscated a 265-carat stone and
jailed its local buyer for a month, freeing both only after massive
public protests. That stone eventually went at auction in Israel for
an industry-estimated, unconfirmed $13 million to $20 million.

Industry officials and diplomats in Guinea on Monday would discuss
the find only on condition of anonymity.

The miner, who was not identified, struck his shovel on the stone at
a dig in southeast Guinea, bordering Ivory Coast and Liberia.

Authorities gave few other details of the diamond’s first hours and
days in the light. It was clear, however, that the rock’s time with
its discoverer was brief.

By Monday, the gem was in the capital, Conakry, behind steel doors
at the guarded Central Bank.

The young miner had no choice, a Western diplomat said – he might
have been killed if he hadn’t turned it over to the authorities.

An Associated Press reporter, visiting the area of the find, was
unable to locate the young miner.

Diamonds, along with aluminum ore and gold, are among the top
exports of Guinea, a resource-rich but virtually undeveloped country
whose people live on less than $1 a day.

The Aredor mining company, using heavy equipment in high-dollar
operations, turns up an average of 30,000 carats each year.

Small-scale miners like the 25-year-old, with no more overhead than
the cost of a spade, produce 300 to 400 carats a year here.

The 182-carat stone came from a site owned by the government, and
leased to miners.

Miners are believed to slip many smaller finds into their pockets,
taking the stones out for smuggling and avoiding the government and
any cuts it would take.

Especially since it was found on government land, the gem’s
discoverer may have believed bypassing Guinea’s officials too risky
in this case, experts said.

Authorities were to inspect the stone later this week and offer an
official estimate. The finder – if luck holds – would likely
receive an undetermined percentage of that, industry officials said.