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The most recently discovered diamond field that holds forth promise of an output sufficient to affect the world's market for diamonds is in Germany's colonial possessions in southwest Africa, and if it results in great wealth for the Fatherland it will be warmly welcomed as a compensation in part for the millions that Germany's exploitation of the region has cost, chiefly because of intractable warring natives. The new field is near Luderitz Bay, and a remarkable feature is that the diamonds are found separately in a coarse sand. Twelve of the best stones among the first found were sent as a gift to Emperor William by his loyal subjects, the colonists. Never before was the marketing of precious stones so carefully planned in advance of their production. The output will be strictly limited, following the policy of the English Syndicate, and the mining will be closely regulated by the German government. The annual product is expected to reach about 140,000 carats. The syndicate is reported to be composed of representatives of leading German banks and various combinations of speculative investors in diamond corporation shares; among them are the Lenz-Stauch-Nissien group, the Berlin Commercial Co., and Kohnanskop group. The last is of minor importance and is controlled by Englishmen. It is agreed that all stones are to be sent to Luderitz Bay, where they will be taken by the syndicate. The companies that deliver will receive at once a part payment to cover cost of mining. The stones will be weighed, packed, and sent to Berlin under the owners' names, where they will be sorted and sold and owners credited with the profit.
No definite arrangements have been made to establish a German diamond market. It seems improbable that either Hanau or Frankfort will be considered. Berlin seems to meet all the requirements. The syndicate has not decided whether it will limit itself to the selling of uncut stones or whether it will go into the cutting business. In the latter case the Hanau cutters will undoubtedly receive consideration. Concerning this matter a delegation from Hanau was assured by a representative of the Berlin Commercial Co. that Hanau would obtain its share. At present the cutting establishments of that city can cut 5000 carats a month, but this number cannot be increased without great difficulty, as both skilled cutters and establishments are lacking. The expectation is that the syndicate will work hand in hand with the London syndicate. |
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Precious Stones Guide Vol 4
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