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Russia's Massive Diamond Discovery

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Published on Sep 17, 2012

Russia has revealed a huge state secret: that it discovered a vast diamond field in eastern Siberia that contains "trillions of carats"--enough diamonds to supply global markets for 3,000 years.
Article: Russia's Secret Diamond Discovery
http://www.csmonitor.com/World/Global...
Cameron, Google Founder's Asteroid mining
http://www.cbsnews.com/8301-205_162-5...
I didn't know that: diamonds (Video on industrial diamonds)
http://www.youtube.com/watch?v=w8cvUd...
Spectacular meteor explosion video
http://www.youtube.com/watch?v=GWhrW7...

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Russia has declassified a huge state secret: that it discovered a vast diamond field in eastern Siberia that contains "trillions of carats"--enough diamonds to supply global markets for 3,000 years.
The discovery was made in the 1970's beneath a 35-million-year-old asteroid crater, 62 miles across known as Popigai Astroblem
Apparently, they decided to keep it secret, and not exploit it, because the Soviet Union's huge diamond operations were already producing immense profits in what was then a tightly controlled world market.
Moscow finally pulled back the veil of secrecy by allowing geologists to talk about it with Russian journalists, and according to one news agency, the diamonds are "twice as hard" as the usual gemstones, making them ideal for industrial and scientific uses.
These types of diamonds are known as impact diamonds, which result when a meteor plows into a graphite deposit at high velocity.
It's estimated that "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."
It will be interesting to see how this discovery affects the global diamond markets. Will this discovery bring prices down?
Also, how amazing are meteors? Even though this discovery appears to be a result of a reaction between a space object and earth, its still a strong reminder just how elementally-rich asteroids can be. Will this spur on a renewed exploration of the minerals in and around crater sites? Even the thought of going straight to the source - like James Cameron and a few others want to do - doesn't sound quite as ridiculous once the imagination's gears start cranking about the possibilities of what could be discovered there.

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