Russia crater is now trillions of carat diamonds up to 10 times times the previous global reserves

Russia has unveiled a diamond mine discovered in the 1970s, the Daily Mail of London reported September 17. The mine, which is located in a crater more than 100 kilometers in diameter in eastern Siberia, is estimated to be more than trillion-carat in size, meeting the global gem market's demand for 3,000 years. The scientists say the crater, known as the "Popigai", has a history of more than 35 million years, and its diamond stocks are estimated to be 10 times times the size of diamond reserves in other parts of the world. Russia has been concealing the discovery in order to prevent the price of diamonds from being crushed to the detriment of its own diamond industry. The "Pearl" diamond is also known as the "Impact diamond", a meteorite-like object impacting the existing diamond ore formation of the product. Its hardness is twice times the average gem, so the application in industry and scientific research is particularly high. In a meeting with the media last weekend, Russian officials said the government would allow scientists at the Novosibirsk Institute of Geology and mineralogy near the mine to uncover the mystery of the treasure. Novosibirsk, dean of the Institute of Geology and Mineralogy, said new resources could have a big impact on gem markets. "We are talking about trillions of carats, compared to the popular Russian Yakutia diamond ore reserves of only 1 billion carats." Furthermore, the impact diamond is of higher value because of its unique surface and larger volume. "Russia's diamond production peaked in 2007, worth 1.35 billion of dollars and 98% of its products are exported to Belgium, Israel, the United States and Southeast Asia." But the impact of the economic crisis, its diamond production fell to the bottom in 2009, production value of only 350 million U.S. dollars. The current world economy is already showing signs of recovery, which may be why the Russian authorities have chosen to disclose the secret now.