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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."
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.
http://twitter.com/onion2k
Indeed, he's a many-faceted, brilliant man.
Slightly disreputable, albeit gregarious
"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."
A real gem.
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.
Such a hard worker he's classified as 10 on Moh's scale. Too much of a geologist geek joke? Probably.
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
When you only spend $5 on the diamond you can afford a warm, loving couch.
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
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.
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!
Suing each other is your national hobby, isn't it?
Beats curling, at least.