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Falklands diamond find

A British prospecting company has been granted a six-year licence by the Falkland Islands government to search for diamonds. Surveys in East Island have yielded "indicator minerals" - such as pyrope garnets and chrome spinels - that suggest the presence of diamond deposits.

Dr Robert Young, chairman of Cambridge Mineral Resources, said: "We've collected about 100 samples now, and it's very encouraging." The prospectors are excited because the geology of the Falklands is very similar to that of South Africa, the world's biggest producer of diamonds.