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 worlds 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 ...
No telling what may be buried under the icecap there.
/johnny
Ruby Mining is going to Melt the Ice Sheets.....
Expect the greenie weenies to start whining in 3.2.1...
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.
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.
DOH! It is Greenland. Read! LOL!
They brought her up in pieces
In post #6, I’ve linked an article on deposit formation. 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
Me likey. Saw a show on TV about it. What an effort to bring her back from the dead. Awesome.
/johnny
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 !
“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.
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.
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.
Diamond is a form of the element carbon. However, the ruby certainly is a mineral as is its first cousin sapphire.
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
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