|
|
|
|
|
16th Rajabul Murajab 1436 | Wednesday, May 06, 2015
World

Russia reveals huge diamond source under asteroid crater

Tuesday, 18 September 2012
Comments(0)
London, September 18:

Russia can supply diamonds across world markets for the next 3,000 years. The government has revealed a vast diamond source under a 100-km-wide crater that was created by an asteroid 35 million years ago.

Russia discovered the site in the 1970s but kept it a secret until now to exploit the tightly controlled diamond market, the Daily Mail reported.

At the Popigai Astroblem crater in Siberia, the diamonds are twice as hard, making them ideal for high-precision scientific instruments and industry, the report said.

The government finally gave scientists from the Novosibirsk Institute of Geology and Mineralogy permission to reveal the crater's secret.

The stones at Popigai are known as "impact diamonds", which are created when an object like a meteor strikes an existing diamond deposit.

"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," institute director Nikolai Pokhilenko was quoted as saying.

Diamond production was booming in Russia in 2007 when output reached $1.35 billion. Around 98 percent were exported to Belgium, Israel, southeast Asia and the US.

But polished diamond production fell to an unprecedented low of $350 million during the economic crisis in 2009.

Latest News

Sonia Gandhi hosts dinner for party MPs

Congress President Sonia Gandhi on Wednesday hosted a dinner for party MPs from Lok Sabha and Rajya Sabha which was atte ...

No separate township for Kashmiri Pandits: Govt

Minister of State for Home Haribhai Parathibhai Chaudhary has said that the government is not consid ...

Amit Shah on three-day Gujarat tour, to launch mass contact programme

BJP president Amit Shah will launch the party's mass contact programme 'Maha Sampark Abhiyan' here o ...

Related News

Palestinian jailed for 30 years for trying...

The Jerusalem District Court sentenced a Palestinian from east Jerusalem on Wednesday to 30 years in prison for attempting to cause several ...

Nepal quake death toll crosses 7,500

The death toll from the April 25 deadly earthquake in Nepal has crossed 7,500 after the country saw a fresh tremor of ma ...

Almost 40,000 flee Burundi amid political crisis: United Nations

Nearly 40,000 refugees have fled Burundi to neighbouring Rwanda, Tanzania and the Democratic Republi ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26800 (Per 10g)

Opinion Poll
Do you think the relief pouring in for Nepal earthquake victims, is sufficient?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com