If you think all gold is the same, think again. Scotgold, an Australian mining company, has recently purchased the Cononish mine in Tyndrum, a small village in Scotland, which produces the most expensive gold in the world—Scottish gold.
A ring made of Scottish gold
from the Scottish Gold Collection.
Scottish gold is heavily valued for its yellow color, rarity and the back-breaking sluicing process used to gather it. The expensive gold’s price can be more than five times that of normal gold. The Cononish mine was approved in 1996 for the mining of 25,000 ounces of gold per year. Unfortunately, a steady decrease in the price of gold shelved the project for the ten years before Scotgold bought the mine.
One important work of Scottish gold is the Crown of Scotland, part of the Honours of Scotland. The Honours are the oldest set of royal regalia in the United Kingdom. The Crown itself was made in 1540 for King James V.
The world’s most expensive gold is currently valued at around $1400 per ounce.
{ 5 comments… read them below or add one }
iam in love with the most expensive ring cause is just too extraordinary.
i think this is a cool ring
Isn't that just the regular price of gold?
The post was put up in '09, when gold was around 800 an ounce. I can't even imagine what it is now since gold has nearly tripled in value in the US.
Why not give an updated article ? Values too for different types like chains,bars,purity etc. the country that has the best quality gold emerges the winner- right ?