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Humans began to mine the ocean floor for diamonds, gold, silver, metal ores like manganese nodules and gravel mines in the 1950's when the company Tidal Diamonds was established by Sam Collins.

Diamonds are found in greater number and quality in the ocean than on land, but are much harder to mine. When diamonds are mined, the ocean floor is dredged to bring it up to the boat and sift through the sediment for valuable gems. The process is difficult as sediment is not easy to bring up to the surface, but will probably become a huge industry once technology evolves to solve the logistical problem.

Metal compounds, gravels, sands and gas hydrates are also mined in the ocean. Mining of manganese nodules containing nickel, copper and cobalt began in the 1960's and soon after it was discovered that Papua New Guinea was one of the few places where nodules were located in shallow waters rather than deep waters. Although manganese nodules could be found in shallow waters in significant quantities, the expense of bringing the ore up to the surface proved to be expensive. Sands and gravels are often mined for in the United States and are used to protect beaches and reduce the effects of erosion.