'Trillions of Carats': Russia Sitting on Diamond Trove
Can supply world for 3K years
By Matt Cantor, Newser User
Posted Sep 17, 2012 11:40 AM CDT
Russia has 'trillions of carats' of diamonds under a crater.   (Shutterstock)

(Newser) – Russia is now a girl's best friend: A 62-mile-wide crater in Siberia sits on top of a diamond field that's home to "trillions of carats," scientists say. "By comparison, present-day known reserves" in Russia's Yakutia diamond operations are thought to be in the neighborhood of 1 billion carats. The Siberia trove could supply the world's needs for 3,000 years—and the country has known about it since the 1970s, but kept it quiet since it was already making a mint off of its Yakutian diamonds. Officials are now permitting scientists to discuss it with journalists.

The find could "overturn" global markets, notes one of the scientists, offering Russia an effective monopoly as scientists and industries increasingly use precision diamond instruments. The crater's gems are "twice as hard" as standard diamonds, according to official Russian news. As "impact diamonds," they are apparently the result of a meteoric collision with an existing diamond site, the Christian Science Monitor notes.

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? William Cody Bateman ?
Jul 31, 2014 5:11 PM CDT
"I have already told you once before and, am telling you once more. Those holes you see are from my judgment against the old earth long ago; as I broke up the fountains of the deep and deluged the whole earth with a great flood - sparing only the righteous man Noah and his family. My judgement is coming upon the earth once more, to test mankind, not with water but with fire." ~ GOD
Jul 30, 2014 4:30 AM CDT
Give me a big, well cut, cubic zirconia anytime! :)
Jul 29, 2014 11:10 PM CDT
This and the other area "holes" are most likely kimberlites which erupted from a rare type of volcanic vent called a diatreme. These are small diameter, very high velocity volcanic eruptions from deep within the earth's molten mantle. Diamonds and other deep-mantle elements (such as gold) are often found around kimberlites.