Deposits of rubies have been found in Greenland and were recently confirmed by a Canadian geologist. However, an unfortunate side effect is that this opens up the possibility of increased commericial exploitation of Greenland and the rest of the Arctic region. “In this particular area, the conditions have been favorable for forming a number of rare minerals,” said Richard Herd from the Geological Survey of Canada. The only question remaining is whether or not rubies exist in large enough deposits for full-scale mining operations, Herd told CanWest News Service. “It’s like looking for gold,” Herd said. “The gold is there, but it’s the grade and the tonnages that make it an economically viable operation.”