De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Why there are diamonds in Arkansas
Editor-in-Chief Michelle Graff explores the geologic origins of the diamonds found in The Natural State.
An amateur prospector from Colorado uncovered a beautiful 8.52-carat white rough diamond and the story, as Crater stories usually do, ranked among National Jeweler’s most-read articles for the week.
Whenever we cover discoveries like these at the Crater of Diamonds, two questions always come to mind for me.
Number one, why are there diamonds in Arkansas, and are there diamonds in any other part of the United States? And, number two, are people finding more diamonds in Arkansas recently or are diamond finds just getting more coverage?
To understand why there are diamonds in The Natural State, you have to go back about 300 million years, when the two tectonic plates we now call North and South America collided with each other.
The collision formed the Ouachita (pronounced wash-a-taw) mountain range, which is located just eight miles north of the park.
Now fast-forward about 200 million years, to 100 million years ago, and the site where the park is today blows a gasket, literally (as is common where the Earth’s tectonic plates have converged.)
Instability within the Earth’s mantle forced gas and rock to move toward the surface, and there was a volcanic eruption that blew an 83-acre, funnel-shaped hole into the Earth, Crater Park Interpreter Waymon Cox explained to me via a phone interview recently.
(In case anyone is wondering, he’s called an interpreter because it’s his job to relay, i.e., interpret, information about the park’s geology, history and on how to search for diamonds to visitors.)
Cox said many diamonds, which had been forming underground due to the heat and pressure, came up with eruption.
While many were destroyed in the blast, a fair number also survived, and that’s what visitors find today at the Crater.
So, have the last couple of years, which have their share of good-sized rough finds, been an unusually active time for the park?
Cox doesn’t answer with an overwhelming yes, saying only that diamond discoveries at the park come and go in waves, influenced by a couple different factors.
First, there is the weather. More rain brings more diamond finds, as it washes away dirt and makes stones easier to find.
Secondly, there are the crowds. One big diamond find seems to begat another, not because people have hit on a particularly rich vein at the site but because big finds get a lot of publicity, bringing more people out to search.
More people searching equals more people turning up diamonds.
The GIA’s Russ Shor, who visited the Crater of Diamonds back in the 1990s when he was a writer for JCK (current JCK Editor-in-Chief Victoria Gomelsky did so as well, much more recently), said diamonds also were found near Rocky Mountain National Park in Colorado in the ‘90s and, going back even farther, JCK reported on diamonds being discovered in Georgia in the 1890s (before National Jeweler even existed).
But, overall, there has never been a huge diamond discovery in the U.S.
Shor notes that kimberlite and lamproite pipes, the two types of pipes that carry diamonds, don’t have an equal distribution of the stones and, of those that do contain diamonds, a smaller percentage still contain an amount of diamonds that make mining worth it.
(Interesting side note: the pipe at the Crater of Diamonds is a lamproite pipe. Shor says the only other known lamproite deposit in the world is the Argyle mine in Australia.)
He also notes that kimberlite pipes often come in clusters, like with the Kimberley Mines in South Africa.
At the Crater of Diamonds, Cox says they did try to mine the site commercially from 1906, when diamonds were first found there, to the 1950s.
In the 1990s, when a man named Bill Clinton was governor, the state decided it was once and for all going to determine if it was a sitting on diamond deposit that was worth mining or not.
As you might have guessed, what the state found was that the site “wasn’t commercially viable,” Cox says.
And so a park it remains. Happy hunting.
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.