Russia 'Shocks' Global Gem Market to the Core; Trillions of Carats of Diamonds RevealedSubmitted by myajace on Mon, 09/17/2012 - 14:27
'Trillions of carats', enough to supply global markets for another 3,000 years, lie below a 35-million-year-old, 62-mile diameter asteroid crater in eastern Siberia known as Popigai Astroblem. The Russians have known about the site since the 1970s.
"The resources of super-hard diamonds contained in rocks of the Popigai crypto-explosion structure, are by a factor of ten bigger than the world's all known reserves," Mr. Pokhilenko said. "We are speaking about trillions of carats. By comparison, present-day known reserves in Yakutia are estimated at one billion carats."
The veil of secrecy was finally lifted over the weekend, and Moscow permitted scientists from the nearby Novosibirsk Institute of Geology and Mineralogy to talk about it with Russian journalists.