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!!


Interesting Legal Sites You May Like




Search Now

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney


Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now


Construction Attorney

USA-FL-Deerfield Beach

Highly regarded, AV-rated law firm seeks Construction Litigation Associate with a minimum of 5 years...

Apply now

Family Law Firm seeks Associate Attorney


Are you ready to excel at the highest levels of family law? Do you prefer a dynamic, energetic pract...

Apply now

Legal Secretary


Legal Secretary for small but busy law firm in downtown Buffalo, primarily handling real estate matt...

Apply now

Commercial Real Estate Attorney


Benefits Offered 401K, Dental, Medical, Vision Employment Type Full-Time Leo Law Firm, L...

Apply now


To Top