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How a Rogue Geologist Discovered Diamonds

prone2tech writes "Both NPR and Wired are running stories about how nearly two decades ago, a dogged, absentminded Canadian geologist named Charles Fipke who was practically down to his last nickel when he discovered diamonds in the Northwest Territories. Back then there was no such thing as a Canadian diamond, and today, Canada is the world's third-largest producer. The story behind the addition of Canada to the ranks of diamond-producing nations leads back to this one man. His discovery started the largest staking rush in North America since George Carmack found gold in the Klondike a century earlier."

73 of 237 comments (clear)

  1. He's not really a rogue. by onion2k · · Score: 5, Insightful

    Seems a little unfair to call the guy a 'rogue' or 'absent minded'. He's an intelligent bloke who applied his knowledge and intellect to a problem, spent nearly a decade doing the necessary legwork, and eventually hit the big time when it all paid off. That's not 'rogue' behaviour, that's hard work. I'd have given up. Well done to him. He deserves it.

    1. Re:He's not really a rogue. by reovirus1 · · Score: 5, Insightful

      At the end of the article he sums it up in his own words:

      "Here's the thing. I learned that I did my best. I mean, I really tried my best. How many people can say that? I worked hard, and I mean really hard. I worked seven days a week from 8 am until 3 am. Every day. We drilled and drilled all winter when it was dark and the windchill was 80 below. Everyone thought I was crazy. But most people just never do their best, hey. And I did."

      Sad that society today would classify this kind of individual as a "rogue".

    2. Re:He's not really a rogue. by Hal_Porter · · Score: 4, Funny

      Americans love the cliché of "outcast made good".

      Here in North Korea we prefer the cliché of "outcast crushed by the omnipotent Party"

      --
      echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;
    3. Re:He's not really a rogue. by fuzzyfuzzyfungus · · Score: 2, Insightful

      I think that the use of the term is stupid in this case; but in this genre, it is being used as a compliment of sorts. The popular press delights in stories of the "Rogue $PERSON, scorned by $POWERS_THAT_BE, shows them what's what through hard work, dedication, a little luck, and a heartwarming moral" flavor. Sometimes, things like this actually happen; often, simple professional disagreements, differences of opinion, the usual testing and discarding of hypotheses, etc. have to be bludgeoned into this mold.

      The reliance on this trope demonstrates, yet again, the rather miserable understanding of science of the popular press; but I don't think that it is intended as an aspersion on the scientists being written about.

    4. Re:He's not really a rogue. by Lord_Dweomer · · Score: 5, Insightful

      Indeed. I mean, for us Americans--isn't this the "American Dream?" Bust your ass for a risky but potentially massive payoff?
      This guy is part of a dying breed of explorers that laid the foundation of society as we know it.

      --
      Buy Steampunk Clothing Online!
    5. Re:He's not really a rogue. by khellendros1984 · · Score: 2, Insightful

      Rogue may have been a bad choice of word. I just assumed that the article had meant to call him unusual, since he is that.

      --
      It is pitch black. You are likely to be eaten by a grue.
    6. Re:He's not really a rogue. by SupplyMission · · Score: 5, Interesting

      He most certainly is rich.

      There is a darker side of the Charles Fipke story. After the Ekati diamond mine opened up, and he set himself up with a practically infinite supply of cash, he split from his wife Marlene, who had stuck by him while he worked from 8am to 3am seven days a week, in pursuit of his dream. In many ways she was his partner, working long hours helping analyze samples in the kitchen of their tiny apartment, while they were on the verge of being evicted due to non-payment of rent. Apparently their divorce settlement was the largest ever in Canada.

      Also, right before he had his major breakthrough, he had a falling out with his long-time close friend and ally Stu Blusson, a helicopter pilot who had also worked very hard with Fipke, many times without pay.

      To be fair, I don't know if it was the success, or something else, that drove apart Fipke and his wife. Divorce and separation are never simple. Just those little details made an impression on me, to see how one can enjoy massive material success yet still suffer in personal relationships.

      Essentially, the guy is now filthy rich, surrounded by gorgeous women, doing whatever he wants. His latest project, if I'm not mistaken, is to find the biblical lost treasures of King Solomon.

      An account of the whole story, beginning with Fipke's early days growing up in the Canadian prairies in Saskatchewan, can be found in the book Fire Into Ice, by Vernon Frolick. It is a very entertaining read, even if the book is somewhat biased in favour of Fipke.

    7. Re:He's not really a rogue. by 10101001+10101001 · · Score: 5, Insightful

      Sort of. I'd argue that the "American Dream" is about busting your ass on something potentially risky but with a massive payoff. Busting your ass over a known risk is merely working hard and investing in lottery tickets. But, if you bust your ass on something because you believe in it (of course, assuming you're not imagining it), the only real limits should be flukishly bad luck and your willingness to work hard for the end goal. The "American Dream", then, is about the optimism in the belief that the only obstacle to success in one's life is one's willingess to pursue one's dreams. Of course, once you start with a rigged system, then hard work well likely just be idiocy. Perhaps that's the enduring reason why governmental intervention and societal-based progression is so frowned upon.

      --
      Eurohacker European paranoia, gun rights, and h
    8. Re:He's not really a rogue. by Kijori · · Score: 2, Funny

      You think you're disappointed? I read it as "rogue gynecologist".

      Once again reality has let me down.

    9. Re:He's not really a rogue. by dschl · · Score: 3, Interesting

      He recently donated $7 million to UBC Okanagan. They asked for $5 million, but he wanted to make sure they had some of the best equipment available.

      Fipke's daughter went to the same high school as I did, graduating the year ahead of me, a few years before his diamond discoveries made him famous. Back in grade 9, half of the guys in my class had a crush on her.

      --
      Slashdot - the place where you can look like a genius by restating the obvious
    10. Re:He's not really a rogue. by severoon · · Score: 4, Informative

      I think the defn of rogue they're using is: no longer obedient, belonging, or accepted and hence not controllable or answerable; deviating, renegade. Not the best word choice, but if you accept this defn and strip any negative value judgments from it, it is technically not far off.

      More to the point, though, who cares what other people say? Read his words, form your own judgments. If you do your part as the reader, then it doesn't make any difference what others want you to think...you've figured that out for yourself.

      --
      but have you considered the following argument: shut up.
    11. Re:He's not really a rogue. by Feanturi · · Score: 4, Insightful

      I'd always thought that the American Dream was actually sitting around on your ass while someone hands you a massive payoff for no reason at all. Or at least, that's how people seem to behave.

    12. Re:He's not really a rogue. by cylcyl · · Score: 5, Funny

      Back in grade 9, half of the guys in my class had a crush on her.

      And as we all know, if you crush her hard enough, she'll turn into a diamond

  2. I think... by HexaByte · · Score: 4, Funny

    he's a shining example of some who works really hard!

    --
    HexaByte - he's a square and a half!
    1. Re:I think... by LMacG · · Score: 5, Funny

      Indeed, he's a many-faceted, brilliant man.

      --
      Slightly disreputable, albeit gregarious
    2. Re:I think... by Huntr · · Score: 5, Funny

      A real gem.

    3. Re:I think... by JCSoRocks · · Score: 3, Funny

      Almost a diamond in the rough you might say.

      --
      You are using English. Please learn the difference between loose and lose; they're, there, and their; your and you're.
    4. Re:I think... by db10 · · Score: 4, Funny

      A stony fellow of flawless character.

    5. Re:I think... by BobReturns · · Score: 5, Funny

      Such a hard worker he's classified as 10 on Moh's scale. Too much of a geologist geek joke? Probably.

    6. Re:I think... by Anonymous Coward · · Score: 4, Informative

      It's "Mohs scale", not "Moh's scale". Mohs was the name of the German bloke the thing's named after.

      So much for being a "geologist geek" (and shouldn't that be "geology geek", anyway?).

    7. Re:I think... by TheSpoom · · Score: 3, Funny

      You might in fact say that he is a Canadian diamond, discovered by Charles Fipke in the Northwest[ERROR: STACK OVERFLOW]

      --
      It's better to vote for what you want and not get it than to vote for what you don't want and get it.
      - E. Debs
  3. Soon to be worthless by boristdog · · Score: 4, Insightful

    Aaaaand now that we can make pretty much perfect diamonds as large as you want with a fairly inexpensive vapor deposition chamber, all this will soon be no more than a waste of money, time and energy.

    I love how the diamond industry used to derogate diamonds with flaws, but now they push them as evidence of "natural" diamonds.

    - I can add flaws to the diamonds in the vapor dep chamber, too!

    1. Re:Soon to be worthless by digitalhermit · · Score: 4, Insightful

      Heheh... I wish.

      Soon the DeBeers of the world will start touting the benefits of their diamonds versus the Canadian diamonds. Maybe the Canadian diamonds are too pure, or too northern for diamonds to grow properly.. Or maybe traces of some rare element in the DeBeers mines leads to more beautiful diamonds. Or Canadians speak funny, so their diamonds are gauche.

      It's so funny to see when an empire based on marketing slowly crumbles ...

    2. Re:Soon to be worthless by Lumpy · · Score: 4, Insightful

      Exactly. But diamonds ALWAYS have been price controlled and Over valued.

      Anyone that ever thought that diamonds had real value is nuts. If DeBeers did not negotiate a deal with the russians they could have easily decimated the Diamond market to the point that Cubic Zirconias would be worth more.

      Diamonds are good for industrial uses. They are retarded for jewelery as they are not rare not valuable.

      --
      Do not look at laser with remaining good eye.
    3. Re:Soon to be worthless by AviLazar · · Score: 4, Funny

      When your wife finds out you spent $5 on a perfect diamond that was made in a lab instead of by the Earths natural and loving embrace, you will find out how loving and warm your couch is...

      --

      I mod down so you can mod up. Your welcome.
    4. Re:Soon to be worthless by wurble · · Score: 2, Insightful

      Never underestimate the marketing power of DeBeers. While eventually diamonds will be made worthless, the timeframe we are talking about here can be prolonged greatly by DeBeers' marketing department.

    5. Re:Soon to be worthless by Sosarian · · Score: 4, Informative

      That's just because it's relatively cheap to produce. You can make blue, orange or natural clear as well.

      For instance D.NEA
      http://d.neadiamonds.com/

    6. Re:Soon to be worthless by BronsCon · · Score: 5, Funny

      How long until carbon-neutral means depositing your factory's (or car's) exhaust as diamond?

      Actually, that would be kinda cool. Too bad DeBeers would assassinate anyone who even thought about develo

      --
      APK quotes people (including myself) without context and should not be trusted. Just thought you should know.
    7. Re:Soon to be worthless by thue · · Score: 4, Insightful

      It is not a real diamond unless a pristine natural area has been destroyed while producing it.

      Ideally the production of a real diamond should also fund child soldiers conducting a small war in Africa.

      And of course the diamond should also have been resold by a monopolistic company.

      And finally the diamond should be flawed, to show that it is "real" and "natural".

      So keep your cheap flawless manufactured diamonds for yourself. You are suppressing the good old traditional ways with soulless technology!

    8. Re:Soon to be worthless by Anonymous Coward · · Score: 5, Funny

      When you only spend $5 on the diamond you can afford a warm, loving couch.

    9. Re:Soon to be worthless by BethanyBoo · · Score: 2, Insightful

      Funny, because I've already told my boyfriend I'd prefer a moissanite stone if he ever proposes. I think I'd be more upset that he threw his money away on a diamond. (Before anyone says it, yes.. a girl on slashdot!)

    10. Re:Soon to be worthless by fuzzyfuzzyfungus · · Score: 4, Funny

      As a service to the scumsucking cartel community, I have the following suggestion for marketing to preserve the value of natural diamonds:

      "Was your diamond worth dying for?"

      Some sort of subtle; but strategic, insinuation that (like the oh so glamorous Helen of Troy) every woman wants a war fought over her might also be in order.

    11. Re:Soon to be worthless by Kaeles · · Score: 5, Insightful

      When your wife finds out you spent $5 on a perfect diamond that was made in a lab instead of by the Earths natural and loving embrace, you will find out how loving and warm your couch is...

      If your wife is shallow enough to care about the price of a diamond instead of the fact that you thought enough to buy her one, you need a new wife.

    12. Re:Soon to be worthless by Kingrames · · Score: 4, Insightful

      Because women can't be happy unless they know that thousands of children in Africa died in slavery to produce the expensive ring on her finger?

      How about you offer her the flawless ring, and spend the rest of the money on something else.

      --
      If you can read this, I forgot to post anonymously.
    13. Re:Soon to be worthless by langelgjm · · Score: 2, Insightful

      When your wife finds out you spent $5 on a perfect diamond that was made in a lab instead of by the Earths natural and loving embrace, you will find out how loving and warm your couch is...

      That's why you tell her in advance, like I have.

      Cultured diamonds (use the fancy word "cultured", like pearls, instead of "synthetic" which just sounds like a euphemism for "fake") are guaranteed to be conflict-free, which is also attractive. Besides, you can still spend the same amount of money, and just end up with a bigger, clearer, better quality diamond than what you'd get naturally.

      --
      "Anyone who [rips a CD] is probably engaging in copyright infringement." - David O. Carson
    14. Re:Soon to be worthless by Anonymous Coward · · Score: 3, Interesting

      I read an article recently about a new process to anneal diamonds to clarify them. They used to have to use high heat and pressure to produce clear diamonds, but now they can use microwave plasma. Since they don't have build the units to withstand high pressure, they can make them much larger at a far lower cost. Theoretically you could start producing football sized flawless diamonds. I can't find the original mainstream news article, but here's an more technical explanation of the process. http://ndnc.mingann.com/WWW/module/core/news/upload/126.pdf

    15. Re:Soon to be worthless by Rastl · · Score: 3, Informative

      Wow. I'd be wonderfully happy to receive a diamond that cost $5.00 if my husband thought the jewelry was pretty enough to buy for me. What do I care about the cost of the diamond?

      He knows I like shiny things and that I prefer fake over real, because I can get far more fake ones than real ones and I worry far less over wearing the fake ones. Most of my 'good' jewelry is kept in the safe anyway.

      I agree with the other posters. If your wife takes issue with the cost of the present then you have far worse problems. Such as a wife that needs an attitude adjustment.

    16. Re:Soon to be worthless by Sockatume · · Score: 2, Insightful

      You forget that diamond production is an energy-intensive process. You'd have to turn the diamond production station's power suppliers' exhaust into diamonds. Then you're set, albeit a little recursively. In fact I'm about to try oh shiiiiiiiiiii-

      --
      No kidding!!! What do you say at this point?
    17. Re:Soon to be worthless by mrbobjoe · · Score: 3, Funny

      Too bad DeBeers would assassinate anyone who even thought about develo
      --
      They say a learning experience is anything we survive.

      Heh, so does this not count as a learning experience for you?

    18. Re:Soon to be worthless by thirty-seven · · Score: 2, Informative

      Actually, Canadian diamonds sell for a premium, at least at jewellery stores, especially the government certified "Polar Ice" diamonds which are not only mined in the Northwest Territories but also cut and polished there.

      --

      Atheism is a religion to the same extent that not collecting stamps is a hobby.

    19. Re:Soon to be worthless by dschl · · Score: 4, Interesting

      DeBeers owns a Canadian mine already, Snap Lake. The other mines are pipes, and are being mined using open pits. Snap Lake is a dyke, and they are using conventional tunneling. Way less material to move, and less disturbance of the surrounding area.

      I visited Snap Lake in 2000 to work on problems they were having with their wastewater treatment plant, before DeBeers bought Snap Lake. It was only in exploration phase, but when I arrived on site, I was given a form to sign. They are rather paranoid about theft, as the options given to me were to either sign the form and agree to be searched (up to and including a body cavity search), or take the next plane out.

      They were still only in advanced exploration phase, but I was told to not look at or pick up rocks on the ground, or to take photos without authorization. I was told that the rules would get even tighter once they hit production.

      I got up there in early August, just after black fly season ended. I was the only person who didn't have scabs all over from insect bites. There was still over 20 hours of daylight, and it was quite pretty, although it could be viewed as a bleak and barren landscape compared to the areas south of 60.

      --
      Slashdot - the place where you can look like a genius by restating the obvious
    20. Re:Soon to be worthless by Godji · · Score: 2, Insightful

      Actually, no. DeBeers and the like diamonds will continue to be highly demanded, not despite their price, but because of their price. They will continue to be a status symbol, with their value in their price as opposed to what one got for the price.

      You got the same or better diamond, but mine was way more expensive. You are a lesser human being. Move on.

    21. Re:Soon to be worthless by IndustrialComplex · · Score: 2, Interesting

      My wife is quite aware that I would NEVER purchase a diamond. She liked the look, so we decided to get a moissanite. The difference in price was a 1 month long honeymoon in Bavaria.

      What is now starting to bother me, is that I see moissanites being sold as 'almost diamonds' and at 75% of the price. The main reason I won't purchase a diamond, even a Canadian one, is that because it is the inflated prices that have allowed all the abuses to continue. Since the Canadian Diamonds are being sold at nearly an identical price point, I've no good words for them.

      --
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    22. Re:Soon to be worthless by timeOday · · Score: 2, Insightful

      Atheism is a religion to the same extent that not collecting stamps is a hobby.

      Anti-theism, on the other hand, gets back into the realm of missionaries and zealots.

    23. Re:Soon to be worthless by DeepHurtn! · · Score: 2, Interesting

      Well, diamonds can be quite pretty, so I don't know if I'd say that it's retarded to use them as jewelery. What's retarded (at the societal level) is to use them as a status symbol.

    24. Re:Soon to be worthless by Sique · · Score: 2, Funny

      You mean like in the old joke about the party at the Nouveau Riche's, where the host proudly presents a bottle of wine: "I got this one for $1000!", when one of the guests replies: "Idiot! I know where you can get the same wine for $1500!"

      --
      .sig: Sique *sigh*
    25. Re:Soon to be worthless by Pollardito · · Score: 2, Informative
      Neatorama had an interesting article called 10 Facts About Diamond You Should Know/a> that included a section about resale of diamonds:

      Why is there no active after-market for diamonds? It is estimated that the public holds about 500 million carats of gem diamonds - if a significant portion of the public begins selling, then the price of diamond would plummet. To prevent this from happening, the diamond industry spent a huge sum in making diamonds "heirloom" properties to be passed down for generations, keeping the price of diamond artificially high (so people wouldn't be tempted to unload them for fear of losing money) and discourage jewelers from buying diamonds from the public.

  4. Carbon by Archangel+Michael · · Score: 4, Interesting

    Now we can make better diamonds than nature. I suggest we use use diamonds as carbon sequestering to prevent global warming! ;)

    --
    Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
  5. i don't get it by circletimessquare · · Score: 3, Insightful

    why are diamonds still considered precious?

    don't we have the technology to make them cheap?

    sure, there's all the convoluted diamond market, debeers monopoly explanations, but that's like saying no one can buy marijuana because its illegal

    if i want to get a diamond, why can't i pay $5 and go get one the size of my fist? its just carbon. that i can't do that right now, seems absurd to me, and even more absurd, that we should still be digging this stuff up and considering it valuable

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:i don't get it by hardburn · · Score: 4, Informative

      The areas where diamonds have direct, practical use have been on artificial diamonds for a while (specifically, diamond cutting blades). It's only the jeweler's diamonds that are still natural.

      There are also some potential practical uses of diamonds that have no current use because large quantities are too expensive. Such as building materials, thermal conductors, and semiconductors.

      Until recently, most artificial diamonds had too many impurities to look good on a ring, even to an untrained eye (you'd have to be blind to not notice that your stone is distinctly yellow). Even now, making pure artificial diamonds is about the same price as digging them out of the ground. Still, the techniques are only going to get better, and I'll be dancing the streets when DeBeers goes bankrupt.

      --
      Not a typewriter
    2. Re:i don't get it by fuzzyfuzzyfungus · · Score: 3, Informative

      Growing diamonds of nontrivial size still isn't cheap, unfortunately. Prices are falling, and size and quality are improving; but high temperature vapor deposition still consumes fair chunks of expensive machine time.

      People who are buying a couple of carats for thousands of dollars are utter morons; but diamonds as bulk material aren't really here yet.

    3. Re:i don't get it by Abcd1234 · · Score: 2, Insightful

      why are diamonds still considered precious?

      Marketing and cultural inertia. No more, no less.

    4. Re:i don't get it by tlhIngan · · Score: 5, Informative

      why are diamonds still considered precious?

      don't we have the technology to make them cheap?

      sure, there's all the convoluted diamond market, debeers monopoly explanations, but that's like saying no one can buy marijuana because its illegal

      if i want to get a diamond, why can't i pay $5 and go get one the size of my fist? its just carbon. that i can't do that right now, seems absurd to me, and even more absurd, that we should still be digging this stuff up and considering it valuable

      Diamonds are precious because about 70+ years of marketing by DeBeers has made popular opinion think they are valuable. All those "Diamonds are forever" type of ads you see? Marketing. And not just any diamond, they had to be big, beautiful expensive diamonds, not the cheap ones people used to buy in the early 1900's. And not only that, but marketing to convince people they need to keep buying diamonds.

      And yes, we can make them artificially - either vapor deposition, or large pressures and high temperatures, or probably a ton of other methods. Look up for industrial diamonds (they're quite useful in industry).

      It's basically all DeBeers marketing - DeBeers basically bought up all the diamond mines and established a complex network of distributors that effectively took over all cosmetic diamond sales. These diamonds were then effectively rationed to make their price go up. When some shrewd business practice causes potential losses in the value of diamonds, DeBeers puts some control that effectively disrupts the practice. (DeBeers has tried hard to quash any sort of thing that might disrupt the price of diamonds and collapse its monopoly). The price of a diamond is artificially inflated, and kept that way. And marketing ensures that you can't get away with some low-quality diamond, you must buy a nice expensive one for your significant other.

      In fact, the resale value of diamonds is quite poor, so as investments, you can do better elsewhere.

      Here's an interesting read on how DeBeers turned a relatively cheap gem into something desirable, and managed to keep tight control over production in order to keep value up.

      http://www.theatlantic.com/doc/print/198202/diamond

    5. Re:i don't get it by thewils · · Score: 3, Informative

      why are diamonds still considered precious?

      I'll answer that one - it's because the Cartel that sells them decides on the price. That way it is maintained artificially high. If diamonds were sold for their rarity value they'd be much, much cheaper.

      Here's more on the subject (pdf link)

      --
      Once I was a four stone apology. Now I am two separate gorillas.
    6. Re:i don't get it by speculatrix · · Score: 2, Insightful

      consider, say an Intel CPU - the fabrication plant alone costs billions, and yet when make in volume they can sell them for tens or hundreds of dollars.

      the whole point of diamonds is that they're "rare" and "special" in the minds of the buyers.

      neadiamonds synthetics are damn expensive when you consider the equipment is dirt cheap compared to a semi foundry!

    7. Re:i don't get it by shakah · · Score: 2, Insightful

      isn't $823/ct more like it?

    8. Re:i don't get it by fprintf · · Score: 2, Interesting

      Not only does the cartel get to arrange the pricing, but the distribution network is artificially limited also. Not to be anti-semitic, but I used to work in a Jewelry store in Massachusetts, and the owner told me that you had to be Jewish in order to be in the distribution chain. He told me that the only people allowed to train to cut large stones in New York are Hasidic Jews. Once past the initial wholesale level and moving toward retail, it apparently opens up some more. In fact, I bought my wife her first diamond at the diamond district in New York from a store run by some Lebanese friends of the family.

      --
      This post brought to you by your friendly neighborhood MBA.
  6. Chapter VII by sakdoctor · · Score: 5, Interesting

    "That in some fields of his country there are certain shining stones of several colours, whereof the Yahoos are violently fond: and when part of these stones is fixed in the earth, as it sometimes happens, they will dig with their claws for whole days to get them out; then carry them away, and hide them by heaps in their kennels; but still looking round with great caution, for fear their comrades should find out their treasure." My master said, "he could never discover the reason of this unnatural appetite, or how these stones could be of any use to a Yahoo; but now he believed it might proceed from the same principle of avarice which I had ascribed to mankind. That he had once, by way of experiment, privately removed a heap of these stones from the place where one of his Yahoos had buried it; whereupon the sordid animal, missing his treasure, by his loud lamenting brought the whole herd to the place, there miserably howled, then fell to biting and tearing the rest, began to pine away, would neither eat, nor sleep, nor work, till he ordered a servant privately to convey the stones into the same hole, and hide them as before; which, when his Yahoo had found, he presently recovered his spirits and good humour, but took good care to remove them to a better hiding place, and has ever since been a very serviceable brute."

    1. Re:Chapter VII by aproposofwhat · · Score: 2, Informative
      Damn - Swift on /.!

      If I had mod points...

      --
      One swallow does not a fellatrix make
  7. Re:I would appreciate it... by Aladrin · · Score: 4, Insightful

    Why does a simple tag get you so riled up?

    Seriously. Just ignore it.

    --
    "If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you." - DM
  8. lots of these geologists around by peter303 · · Score: 2, Informative

    In Colorado people are constantly looking for oil, gold, uranium, diamonds, etc. Few get lucky. Much of the easy stuff was found in the 19th century.

    Some new gold mines were discovered in California by petroleum geologists. They discovered buried riverbeds where placer gold concentrates using petroleum seismic sections.

  9. The usual shoddy reporting by spaceyhackerlady · · Score: 5, Interesting

    Seems a little unfair to call the guy a 'rogue' or 'absent minded'. He's an intelligent bloke who applied his knowledge and intellect to a problem, spent nearly a decade doing the necessary legwork, and eventually hit the big time when it all paid off. That's not 'rogue' behaviour, that's hard work. I'd have given up. Well done to him. He deserves it.

    I agree wholeheartedly. This wasn't a get rich quick story. It was somebody who worked hard to become rich.

    The story is actually more interesting than the Wired story says. For years geologists had been finding raw diamonds in the NWT, and had been going nuts trying to find where they were coming from. The real breakthrough was realising what a kimberlite pipe would look like out in the tundra, sorting out the geology that went along with it, then examining likely sites. Many of these are now well-known names, like Ekati and Diavik.

    I too wish these folks well.

    ...laura

    1. Re:The usual shoddy reporting by smellsofbikes · · Score: 4, Interesting

      Have you ever read about how kimberlite tubes are probably formed? It sounds very exciting. The initial magma burst upwards is only hasty by geologic terms, but the final burst of gas and magma out of the surface of the earth is at supersonic velocities. People have claimed it's possible some of the material is moving at beyond escape velocity and gets shot into space.
      So while I'd love to discover a kimberlite tube, I'd rather it wasn't on MY property.

      --
      Nostalgia's not what it used to be.
  10. Multi-classing is overrated by zindorsky · · Score: 2, Interesting

    Sure a rogue/geologist sounds pretty cool, but multi-classing is not a smart decision. You're better off just focusing all your levels in one class.

    --
    If the geiger counter does not click, the coffee, she is not thick.
  11. Diamonds for Ten Dollars Per Carat by WisdomGroup · · Score: 5, Informative

    Fortunately, diamonds will sell for ten dollars per carat in the year 2015. All of us will benefit from inexpensive, flawless diamonds. Computers will become faster and less expensive. Advanced medical equipment will become available to more people. Photovoltaic cells made from diamonds will bring cheap power to the masses. What an exciting time to be alive!

  12. Re:so buy her something genuinely rare by Strep · · Score: 2, Interesting

    On Rhodium, it went from over $10000/oz to under $1000 in the past 6 months...

  13. Re:And another northern neighbor . . . by digitalhermit · · Score: 4, Interesting

    Years ago aluminum was more expensive than gold. The refining process was so difficult that, though aluminum was one of the most common metals, the yield was in grams. Then someone invented a new extraction process. Aluminum suddenly became cheap.

    Carbon is not so rare. It may not happen soon, but there may be a time when common items such as ICs or even cell phones cases are made from diamonds. Instead of measuring by carat, they'll measure it by ounces or inches.

  14. Ice Roads by rlp · · Score: 2, Informative

    The diamond mines were featured in the first season of "Ice Road Truckers". The mines get supplied with their heavy equipment a few months in mid-winter when an ice highway is maintained across frozen lakes and rivers in the region. Watching someone drive 80 tons of mining equipment over a frozen lake is an amazing thing.

    --
    [Insert pithy quote here]
  15. Diamonds are nearly worthless. by Hurricane78 · · Score: 2, Interesting

    There are enough companies that produce "industrial" diamonds for many uses. They can also produce diamonds the size of the largest found diamonds.
    And they nowadays have such a high quality, that the sole thing that lets you detect the difference, is that natural diamonds have more errors in them.

    Industrial diamonds cost next to nothing compared to natural diamonds. But De Beers & co want you to believe that natural diamonds are somewhat special, while even real natural diamonds are not that rare at all.

    If you want to buy real rare stones as a gift, buy rubies, sapphires, emeralds, opals and the like. Or naturally colored diamonds (black, red maybe?). They are fuckin' expensive. But here it's because they are really rare.

    I for one, do not buy something like that at all. There's no real value in rare stones for me, and if I don't want to sell them to someone who thinks they are valuable...

    I like to buy personal gifts. And I like to only buy gifts, if the person does not expect a gift. Otherwise it's nothing special anymore.

    --
    Any sufficiently advanced intelligence is indistinguishable from stupidity.
  16. Diamond grit for 7 cents a carat by Animats · · Score: 2, Informative

    Diamond grit, as an abrasive, is currently around $0.07/carat in bulk. It's almost all synthetic, not hard to make, and used for a wide variety of cutting tools. Synthetic diamond production is about 100x mined production. The glamour has gone out of diamond; it's now what sewer workers use on their cutting tools when they need to slice through cement pavement.

    CMU has a new process for microwave-annealing diamonds to remove flaws and make colorless synthetic diamonds.

    The diamond industry (i.e. DeBeers) painted themselves into a corner, by taking the position that that "flawless" diamonds are the most valuable. That's not where you want to be positioned going up against the industries that make semiconductor wafers.

    This all happened to sapphires about sixty years ago. Sapphires used to be rare and valuable. Then Linde Chemical started synthesizing them, and destroyed the market. Now you can buy sapphire bar stock and transparent sapphire plates for supermarket checkout scanners. Since then, it's happened to rubies and emeralds. Now, cheap diamonds.

  17. I thought it was a mortgage by LandruBek · · Score: 2, Interesting

    I thought the American dream was "get a mortgage and own property": they tried to make land-owner status accessible to everyone.

    --
    $META_SIG_JOKE
    1. Re:I thought it was a mortgage by Anonymous Coward · · Score: 5, Funny

      Suing each other is your national hobby, isn't it?

      Beats curling, at least.

  18. That's nobody's dream by Weaselmancer · · Score: 2, Informative

    People always bring up the McDonalds coffee suit as an example of frivolous lawsuits, but if you read up on it - it is anything but. Here, read this.

    Here are some noteworthy bits from the link:

    For years, McDonald's had known they had a problem with the way they make their coffee - that their coffee was served much hotter (at least 20 degrees more so) than at other restaurants.

    McDonald's knew its coffee sometimes caused serious injuries - more than 700 incidents of scalding coffee burns in the past decade have been settled by the Corporation - and yet they never so much as consulted a burn expert regarding the issue.

    The woman involved in this infamous case suffered very serious injuries - third degree burns on her groin, thighs and buttocks that required skin grafts and a seven-day hospital stay.

    So the lawsuit actually did make sense, McDonalds really did screw up. They knew they were hurting people, they had a history of hurting people, and they didn't care. And the lady in question had third degree burns around her genitals from a cup of coffee. Dunno about you, but $480k minus hospital bills isn't *nearly* enough to have someone do burn grafts around my genitals.

    I'm not meaning to stomp on you, and I hope it doesn't come off that way. Honest. It's just that the McDonalds coffee case is always quoted as an example of frivolous litigation, and it absolutely isn't. I used to say the same thing you did and someone (in fact, it happened here on /.) corrected me about it. So I do the same whenever it seems appropriate.

    --
    Weaselmancer
    rediculous.