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Moscow Hiding Massive Diamond Hoard

In Russia, diamonds really are forever. According to new reports from Moscow, trillions of carats of super-hard “impact diamonds” lie in an ancient asteroid crater know as the Popigai Astroblem in eastern Siberia. Russia has kept its existence secret for decades in order to reap greater profits from existing diamond supplies. The Christian Science Monitor has more:

“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.”

Most diamonds are used in industry, not jewelry, and these Siberian impact diamonds are especially suitable for the most demanding machines. But sadly, while a much larger supply of industrial-use gems may be a boon for Russia (and for high-tech industry), its trend lines still point downward.

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