The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-08-07
THE NEW .G0LCQNDA...
a MYSTERIOUS MINE OF WEALTH.
rne Wonderful Fields OF Precious
Stones on the Pacific Slope ;its

The New York Tribune states that the puD-
lIcation of the dispatches from San francisco
announcing the incorporation of the San Fran
cisco and New York Mining Company wilma
capital Of ten million dollars, to develoPthe
new diamond fields near the headquarters OF
the Bio, Colorado Chtquito, has attracted con-,
siderable attention, espschlly as capitalists IN
New York have faith in the new undertaking.
The controllers of the mine still refuse 70 give
any details of It's exact location or. Its produc,
llons, but affirm that 1t Is the richest diamond
mine that has ever been discovered. Small
boxes full OF gravel, which fairly glistens with
precious stones, have been brought to New
York for exhibition: "'. 's';t'' -
Upon inqulrlng at the establishment OF
Messrs. Tiffany & Co., In reference to the gems
which have been cut In this city, aTrtoune.
reporter was referred to the chief Of the ui0.
mond department, who answered az. -queB-
tlons, except such as, In his opinion. involved
the secrets Of The company. Aiarge numoeff
of diamonds from the recently discovered.
flelds-hoK many he declined 70 state-anass
few rnbieg had been received BY Tiffany d Coz,
for the purpose of having their value llested:t
A few OF these had been cut nNo stone Of q
greater value than four hundred dollars or
Ave hundred dollars had been cut by them;
but some which would be probably worth NOT
less than five Thousand dollars each had been
cut sufficiently to show their quail =, pTne
diamonds were pronounced by MIN lulIy eqgal
10 those from Sout', America, and'far superior
TO those from th., South African feldS NO
stones from Arizona have been placed upon,
the market, the cutting having been Done
solely with q view to estimate the qualify anu
value o. the gems. The rubleB examined py
Mr.. Cooke wPrr NOT go go0d IN quallIy Tabf
others In the market. M .,e,,.,..
Even II diamonds prove to be as abundant
In the new fields as the reports indicate; the
effect upon the market value OF the DrliilanI
slone will scarcely, be apprecla6le. Before;
passing ihto the hands of the dealer, the dia; !.
mond must be cut, and the number OF persons
capable ofIperforming this delicate operation
| ia small. In Amsterdan n, where, The business 1s
more largely carried on than In any other part
orthe world, the diamond cutters have re-
Gently raised their price. and ertered: INTO q
contract not TO receive apprentices or g1ye1n.
struction to others, not even 10 tnelr OWL
sons, for three years. Diamond cutting !s
country. Messre Tiffany &c Co. and Boston
house employ about dozen men In this WORE;
The diamond cutters have been overwhelmed
with work for long time, and the largest 1n-i
crease In the supply OF the rough stones Will
not cause. therefore, much greater num0er
of diamonds to be thrown upon the MARKER.
The discovery Of diamonds In North Amer
lea, without regard to Indian traditions, is by
no means unprecedented, and geologiss nave
been led by the formation Of The soil 20 look
for precious stones In the region where tney
have been discovered recently. Twenty years
ago diamond now worn by promlnent Pont
Lican was found In Virginia, and for iong
| time its value was unknown, es there were no
diamond cutters In America then, and tew
persons were capable of determining the value
of the stone In It's rough state. ,The stone
would be worth FIVE thousand dollars per-
feet, but Is said to have slight laws. Otner
valuable diamonds have been found inihen-
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