It would appear the industrial diamond market may be turned on its head shortly.
After more than 30 years of essentially ignoring a massive diamond deposit – a find whose scale dwarfs anything discovered previously anywhere in the world – Russian scientists have stepped up research on the Popigai Crater, according to Agence France-Presse.
Just how big is the deposit, located in the far north of Siberia? It is believed to hold trillions of carats of diamonds.
By comparison, Russia’s main diamond-mining region of Yakutia has known reserves of 1 billion carats, the wire service reported.
Yet, the impressive discovery has been known in Russia for decades. Soviet scientists uncovered the 60-mile Popigai Crater, left by a huge asteroid in Siberia 35 million years ago, many decades ago.
At the time, the impact zone of the crater revealed “a fine material that was actually super-compressed diamonds caking the permafrost,” according to Agence France-Presse.