reference for jewellery in economy
Platinum, a precious heavy metal was first used by pre-Columbian South American Natives to produce artefacts. It was referenced in European writings as early as 16th century after the Spanish Conquistadors discovered the white metal in the rivers of Ecuador in 1590. Rarer than many other metals, only about 133 tons of platinum are mined each year compared to 1782 tons of gold.
Platinum is abundant in Asteroids, which are minor planets of the inner Solar System, mainly composed of mineral and rock. The size of asteroids varies greatly, some reaching as much as 1000 km across.
Planetary Resources is a company, who wants to mine Asteroids. o achieve this, they will expand the Earth’s natural resource base by developing a robotic asteroid mining industry.
In 2015 President Obama signed a historic piece of legislation into law that recognises the right of US citizens to own asteroid resources they obtain and encourages the commercial exploration and utilisation of resources from asteroids. This new commercial exploration has been called as the new gold rush.