Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-08-21
Diamonds.

VALUE o. IuE PRECIOUS STONES Found NEAR
THE RIO COLORADO cHIqUITo RIVER.
The publication Of the dispatches from
San Francisco announcing the incorpora-
/ tion Of the San Francisco aud New York
/ Mining Company with capital of SI0,-
/ UuO.Uuu, TO develop the new diamond
/ field near the headquarters Of the Rio
/ Colorado Chiquito, has attracted consider
/ able attention, especially as capitalists in
this city have faith in the new undertak-
ing The controllers of the mine still
refuse to give any details OF its exact
location, or Its productions. but affirm that
1 ii is the richest diamond niue that has
ever been discovered Small boxes full
of gravel, which fairly glistens with pre-
cious stones. have been brought TO this
city.
Upon inguiring al the establishment of
Messrs Tiffany Il Co. in reference to the
gems which have been cut in this city a
| Trit07le reporter was referred to the chief
Of the diamond department. who answered
all questions except such as, in his opin-
ion, involved the secrets of the company.
4 large number Of diamonds from the re-
cent discovered ue.ds-h0w many he de-
clincd TO state-and a few rubies had been
received toy Tiffany * Co., tor the pur-
pose OF having their value tested. \ few
of these had been cut, No stone of a
greater value than S4uu or $500 had
been cut by them, but some which would
probably be worth not less than -, 600
each had been cut sufficiently to show
their quality The diamonds were pro-
nounccd by him fully equal to those from
South America, ami far superior to those
from the South African fields No stones
from Arizona have been placed upon the
market, the cutting having been done
solely with a view TO estimate the quality
and value Of the gems. The rubies cx-
amined by Mr.. Cooke were not 50 good in
quality as others in the market
Even If diamonds prove to be is abund-
ant in the new fields. as the rerorts iudi-
cate. the effect upon the market value of
the brilian- stone viii scarcely be apprc-
ciable. Before passing into the hands Of
the dealer, the diamond must be cut, and
the number OF persons capable OF preiorm
IN this delicate operation Is small. La
Amsterdam. where the business Is more
largely carried on than in any other part
Va tAAG NOAlAr ttAN AittllAOlll NtANtEAH Id e
recently raised their price, and entered
into u compact not to receive apprentices
or give instructions TO others, not even
their own sons, Tor three years. Diamond
cutting Is also done in London and by two
houses in this country. NeSsrs Tiffany a
Co, and a Boston house employ about
dozen men in this work The diamond
cutters have been overwhelmed with work
for a long time, and the largest increase in
the supply Of the rough stones will not
cause, therefore, much greater number
Of diamonds 10 be thrown upon the mar
ket.
The discovery OF diamonds in North
America, without regard to Indian tradi-
tions Is by no means unprecedented and
geologists have been led by the formation
of the soil to look for precious stones in
the region where they have been discover
ed recently. Twenty years ago diamond
now worn by a prominent politician was
found in Virginia, and for long time its
value was unknown, as there were no
diamond cutters in America then. and few
persons were capable Of determining the
value of the stone it its rough state. This
stone would be worth - 900 if perfect
but it Is said to have slight flaws. Other
valuable diamonds have been found in
Kentucky.-Ne'o York Tri5llqe.