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With gold trading down for most of the year, talk has begun to circulate about whether a bottom is near for the yellow metal. After beginning the year trading near US$1,300 an ounce, it recently broke through the US$1,200 level and has traded as low as US$1,160.50. Gold has since retraced its steps from that low to US$1,200 again, but it remains near 52-week lows.
A never-before-seen mineral has been discovered in a stunning 'super-deep diamond' formed in the Earth's mantle. Calcium silicate perovskite is usually buried 400 miles below the surface and is thought to be the planet’s fourth most abundant mineral.
A 42.26-carat diamond recovered by Canadian junior Tango Mining (TSXV: TGV) fetched almost half a million dollars at the Kimberley Diamond Exchange, the company announced today. In detail, the gem was sold on tender for $11,267 per carat.