Business Insider
Business InsiderNov 18
Tech

How Miners Find, Cut, And Transport The Most Expensive Amethysts In The World | So Expensive

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TL;DR

Uruguay's Las Torres Mine produces some of the world's largest and most expensive amethyst geodes, despite amethyst being a common mineral.

Key Insights

1

Las Torres Mine in Uruguay is a top producer of massive amethyst geodes.

2

Amethyst's purple color comes from radiation exposure over millions of years.

3

Controlled explosions help miners access amethyst geodes in basalt rock.

4

The pandemic boosted demand for crystals like amethyst, growing the industry to over $1 billion in 2020.

5

Large amethyst geodes can take months to process and find buyers.

6

Amethyst's value is influenced by size, quality, and mineral combinations.

Deep Dive

The Price of Purple

Amethyst, once as prized as rubies, saw its value drop after large deposits were found in South America. Yet, Uruguay's Las Torres Mine still produces some of the most expensive geodes.

Mining Challenges

Extracting amethyst from volcanic basalt is tough. Miners use controlled explosions to clear rock and expose geodes. Iron rods guide them in cutting around the geodes.

Processing and Crafting

After extraction, amethysts are washed and sorted. Artisans like Ricardo Martinez shape them using diamond disks, fixing minor flaws but major breaks can slash their value.

Market Dynamics

While diamonds struggled during the pandemic, demand for amethyst soared. Le Stage Minerals, a key exporter, benefits from this trend, selling both large and small pieces.

Finding Buyers

Large geodes, like a 26-ton specimen, can take months to process and years to sell. Producers often rely on international retailers to connect with buyers.

Takeaways

  • Amethyst's value is not just about rarity; size and quality matter.
  • Controlled explosions are key in accessing geodes in basalt.
  • Pandemic shifted demand toward crystals, boosting the industry.

Key moments

0:30Massive Geode Costs

Weighing in at 26 tons, or about four African elephants' worth of crystal and stone, this massive geode costs almost $1 million.

2:00Mining Techniques

Miners set off controlled explosions to clear away rock and blast small fissures in undiscovered geodes.

5:00Amethyst's Color

Amethyst is quartz that has changed color because of exposure to radioactive material.

10:00Market Trends

The industry still grew to be worth more than $1 billion in 2020.

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