Environment

Reuters exclusively reports Diamond giant De Beers hunts for treasure in Greenland’s waters

Reuters reported exclusively that mining giant De Beers has commissioned a survey of the ocean floor off Greenland’s coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. Deposits of diamonds, created under high pressure in volcanoes, are known to be present onshore in west Greenland. Offshore diamonds are generally of higher quality and command a higher price because any gems with flaws tend not to survive the journey out to sea.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Equities
Regions: North America
Countries: Greenland
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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