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True North Gems [Rubies in Greenland]
BEMining ^ | 9/3/2014 | Staff

Posted on 09/10/2014 12:12:41 PM PDT by JimSEA

The finest rubies are rarer and more valuable than diamonds and for many the icy brilliance of the latter is no match for the colour, warmth and romance of the former. Their prices are on the rise too: the record of just under $275,000 per carat set in 2005 has since risen to over $550,000. The world’s richest source of fine rubies, Burma, is still under an embargo and the market is hungry for gemstones of that quality, particularly if they can be certified ethical.

In that context, True North Gems’ Aappaluttoq Ruby Project is coming on stream at just the right time for the ruby market, which is worth $2.1 billion annually. Basically, ruby is a form of aluminium oxide (Al2O3), or corundum, which at nine on the Mohs scale sits just one place lower than the hardest element diamond. Demand today, says Nick Houghton, President and CEO at True North Gems, who has lived and breathed gemstones since he started work in 1974, is almost entirely from the jewellery trade: “There are some industrial uses for corundum but the main one, as an abrasive, is nowadays satisfied by synthetic material.”

(Excerpt) Read more at bus-ex.com ...


TOPICS: Science
KEYWORDS: burma; china; denmark; europeanunion; greenland; nato; ruby; russia
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This caught my eye as I hadn't been aware of precious gem deposits in Greenland.
1 posted on 09/10/2014 12:12:41 PM PDT by JimSEA
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To: JimSEA

No telling what may be buried under the icecap there.


2 posted on 09/10/2014 12:14:58 PM PDT by The Sons of Liberty (I want a Speaker who'll stick that pen and phone where no one but Reggie Love can find it!)
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To: JimSEA
Why wouldn't it be, considering that they have elves?

/johnny

3 posted on 09/10/2014 12:16:23 PM PDT by JRandomFreeper (Gone Galt)
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To: JimSEA

Ruby Mining is going to Melt the Ice Sheets.....

Expect the greenie weenies to start whining in 3.2.1...


4 posted on 09/10/2014 12:17:24 PM PDT by GraceG (No, My Initials are not A.B.)
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To: JimSEA

Check out “Ice Cold Gold” on the Animal Planet channel - American miners hunting for rubies in Greenland. It was pretty good, two seasons have aired so far.


5 posted on 09/10/2014 12:19:46 PM PDT by dainbramaged (Get out of my country now)
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To: JimSEA
The formation of rubies and sapphires is an unlikely event. This Discovery article from 2003 gives a description of the formation of corundum deposits in marble (metamorphic limestone). Just before this article was written, I was taken to a marble deposit near Phrae, Thailand. I was told that, at one time rubies had been found there. As the article states, these deposits were likely a result of the collision of the Indian plate with the Eurasian plate. The article goes into more detail.
6 posted on 09/10/2014 12:22:31 PM PDT by JimSEA
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To: JimSEA

TLC or Discovery did a series about some guys looking for rubies there. They found them basically just lying around and embedded in rocks on the surface. I wonder if these are the same guys or did somebody claim jump them. I think it was Iceland. Maybe it was Greenland. Anyway, there were a whole bunch of rubies there.


7 posted on 09/10/2014 12:23:32 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: rktman

DOH! It is Greenland. Read! LOL!


8 posted on 09/10/2014 12:24:17 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: The Sons of Liberty
Glacier Girl is a Lockheed P-38F-1-LO Lightning World War II fighter plane, 41-7630, c/n 222-5757, that was restored to flying condition after being buried beneath the ice of the remote Greenland Ice Sheet for over 50 years.

They brought her up in pieces


9 posted on 09/10/2014 12:29:14 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: dainbramaged; The Sons of Liberty; JRandomFreeper; GraceG; rktman

In post #6, I’ve linked an article on deposit formation. It sure is an unlikely process.


10 posted on 09/10/2014 12:29:34 PM PDT by JimSEA
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To: knarf
Here she is today ...


11 posted on 09/10/2014 12:32:20 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: JimSEA
It sure is an unlikely process.

So are elves, but there was an article about elves in Iceland not long ago...

Using climate change logic, therefore, elves did it.

/johnny

12 posted on 09/10/2014 12:32:42 PM PDT by JRandomFreeper (Gone Galt)
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To: knarf

Me likey. Saw a show on TV about it. What an effort to bring her back from the dead. Awesome.


13 posted on 09/10/2014 12:32:49 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: knarf
I remember that. The ice was well on the way to crushing that AC like a cheap beer can.

/johnny

14 posted on 09/10/2014 12:34:11 PM PDT by JRandomFreeper (Gone Galt)
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To: JRandomFreeper; rktman

They invented a steam ‘bullet’ 4 ft across and sunk it down to where she lay ... digging out a cavern arouind her and bringing her back ... L’chiam !


15 posted on 09/10/2014 12:36:12 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: JimSEA

“Basically, ruby is a form of aluminium oxide (Al2O3), or corundum, which at nine on the Mohs scale sits just one place lower than the hardest element diamond.”

Sloppy journalism. Diamond is not an element; it is formed from carbon. Likewise aluminum oxide is not an element.


16 posted on 09/10/2014 1:18:18 PM PDT by Notforprophet (Don't Tread On Me)
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To: Notforprophet
Sloppy journalism. Diamond is not an element; it is formed from carbon. Likewise aluminum oxide is not an element.

Pure diamond is 100% carbon, which is an element. Diamond is just a rare, crystalline form of the element carbon.

The sentence structure is as awkward as a three-legged goose, but the science is not really wrong.

17 posted on 09/10/2014 1:38:16 PM PDT by CurlyDave
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To: JRandomFreeper

Economic geology, the geoscience of ore bodies, has a long history of success in finding and exploiting modern mines. What comparison is warranted with global warming which lacks any record of successful modeling? Snarks are fun and show your distain for anything labeled science but they don’t produce anything more than your elves.


18 posted on 09/10/2014 1:53:04 PM PDT by JimSEA
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To: Notforprophet

Diamond is a form of the element carbon. However, the ruby certainly is a mineral as is its first cousin sapphire.


19 posted on 09/10/2014 1:57:27 PM PDT by JimSEA
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To: JimSEA
You missed that I was poking fun at the alleged scientists, climate change bozos.

I have no problem with real, repeatable science.

I will be more clear in the future, and you have my abject apology for the misunderstanding.

I'm familiar with economic geology in regards to uranium mining in Canada. It's not majik if it works, and that works.

/johnny

20 posted on 09/10/2014 1:59:53 PM PDT by JRandomFreeper (Gone Galt)
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