Prophecy Drives Firm to Dig for Diamonds in Israel
And it thinks it has found evidence that it's on the right track
By Kevin Spak, Newser User
Posted May 30, 2012 12:42 PM CDT
People walk in front of a portrait of the late Lubavitcher Rabbi Menachem Schneerson in Brooklyn, New York, March 31, 2009. Schneerson once said that Haifa had precious gems hidden beneath it.   (AP Photo/Julie Jacobson)

(Newser) – All it took was a prophecy. That was enough to launch Shefa Yamim, an Israeli mining firm that has spent more than a decade combing the hills and valleys around Haifa for diamonds, something no one ever expected to find in Israel. "It's a mission," CEO Avi Taub tells Reuters. "We're talking about divine providence." Taub, an Orthodox Jew, founded the company based on a remark that renowned Brooklyn rabbi Menachem Schneerson made back in 1988.

Speaking with the then-mayor of Haifa, Schneerson said that the city "has a sea and it has a valley—and in the valley are precious stones and gems. The holy one … concealed them in the depths of the earth." Shefa Yamim launched 11 years later, and it says that, amazingly enough, it's found geological evidence that Schneerson might have been right—including macro- and micro-diamonds. But that doesn't mean much, independent researchers caution; only about 1% of diamond kimberlite pipes are economically viable to mine. Should such a mine exist, it would be a staggering find for the industry, which sources most of its gems from just 20 mines.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Prophesy Drives Firm to Dig Holy Land for Diamonds is...
Show results without voting
You Might Like
Showing 3 of 30 comments
May 31, 2012 3:59 AM CDT
Soooo, what's with the picture of Amish people?
May 30, 2012 6:17 PM CDT
Since this story has nothing to do with outreach between the Amish and Hasidim (which is where the pic came from, thanks Randyn), it looks like someone at Newser couldn't tell the difference. Between this and their creepy obsession with all things Mark Zuckerberg, I'm ready to kick Newser to the curb. If you want to be treated like a bona fide news agency, then start acting like one.
May 30, 2012 5:49 PM CDT
The Jews control most diamonds from mine to cutting, to wholesale and retail. They manipulate the pricing and conspire as a tribe. DeBeers has been price fixing for 100 years. There is no such thing as a free market in Diamonds. Unless you are a war lord in west Africa or Angola. Or a Russian oligarch.