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'Trillions of Carats': Russia Sitting on Diamond Trove

Can supply world for 3K years

By Matt Cantor,  Newser Staff

Posted Sep 17, 2012 11:40 AM CDT

(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.

Russia has 'trillions of carats' of diamonds under a crater.
Russia has 'trillions of carats' of diamonds under a crater.   (Shutterstock)
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COMMENTS
Showing 3 of 50 comments
Kookey90
Sep 19, 2012 1:28 AM CDT
I personally never had any appreciation for diamonds or jewelry. Unfortunately my wife is the exact opposite; nag, nag, nag for all these years. Finally on our thirty fifth wedding anniversary I broke down and got her a two carat diamond ring. I figured if she put up with my nonsense for all these years, she deserved it. She now knows it’ll be another thirty five years before I break down and by her a three carat diamond ring (a big waste of money in my book).   
George-Jetson
Sep 18, 2012 9:36 AM CDT
Diamonds are the biggest scam. My Wife refuses to own them (I'm a lucky guy)Just read up on DeBeers. Diamonds are not rare & not worth the price. And there in no thing as Blood-Less Diamond. I think the Soviets are sitting on fools gold personally.
Seth_Meyers
Sep 17, 2012 3:55 PM CDT
Any good jeweler will admit that diamonds are a major-league RIPOFF and always have been.   But, then, 95% of people with cell phones don't really need them, either, but the fools keep buying them and paying for service, so they can keep in immediate touch with Auntie Em and such "important" things. I've never owned one and never will!
 

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