Breaking News

Russian Diamond Mother Lode: Ten Times Bigger than Current Market
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

History is full of quirks. The “promised land” regions of the middle east, which was less milk and honey than sand and desert, turned out to have large deposits of oil underneath it, and now in the barren region of Eastern Siberia, a country known for its penal colonies, it has been revealed that Soviets in the 1970s discovered a 35-million-year-old 62-mile diameter asteroid crater. This is the motherload, more diamonds than anybody dreamed of — ten times as many as we now have.

“The reserves of super hard diamonds contained in rocks of the Popigai crypto-explosion structure are, by a factor of 10, bigger than the world’s all known reserves,” said Mr. Pokhilenko. “We are speaking of trillions of carats. By comparison, present-day known reserves in Yakutia are estimated at 1 billion carats.”

The Yakutia mines were the reason Russian scientists were barred from revealing the secret — Russia didn’t want to upset operations there, which were already dominating the market. The new megaload was simply left to rest.


The new diamonds were either present in the meteorite to begin with, or created by high impact of the meteorite with graphite deposits. Whether they are “impact diamonds” or “space diamonds,” they are twice as hard as regular diamonds, making them especially ideal for the growing market of industrial diamonds for scientific cutting and industrial use.

It is projected that this mine could dominate the diamond market for the next 3,000 year.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!



Litigation Attorney

USA-FL-Fort Lauderdale

Seeking a qualified Transactional Attorney with experience in litigation, covenant enforcement and c...

Apply now

Consumer Defense Litigation Attorney


SESSIONS, FISHMAN, NATHAN & ISRAEL seeks an experienced attorney to join its commercial litigation /...

Apply now

Bankruptcy and Restructuring Partner / Associate


Buckley King is seeking both a partner and a mid-level associate to represent both creditors and deb...

Apply now

Patent Attorney Burlington, VT / Lebanon, NH


DRM is seeking an experienced patent attorney having a portable book of business and a strong b...

Apply now




Search Now

Litigation Associate Attorney


Pittsburgh office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 3+ year...

Apply Now

Junior Antitrust Associate Attorney


Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks junior antitrust associat...

Apply Now

Civil Litigation (Insurance Defense) Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks civil litigation (insurance defense) associate attorney with ex...

Apply Now

Most Popular


To Top