|
|
|
|
|
5th Muharram 1436 | Thursday, Oct 30, 2014
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

Katie Price regrets not doubting friend

Pop star Katie Price says she regrets not suspecting her friend Jane Pountney was having an affair with her husband Kier ...

Harry Styles, Kate Moss get intimate

Singer Harry Styles and supermodel Kate Moss were seen cosying up at a nightclub here. They were spotted along with s ...

JLo felt 'abused' in relationships

Singer-actress Jennifer Lopez says she felt abused in some of her past relationships. She shared her experience in he ...

Related News

US urges restraint from more provocations in Jerusalem

The US Thursday voiced concern about escalating tensions across Jerusalem, urging all sides to refra ...

Nine killed in Ukraine battles

At least nine people have been killed and 16 wounded during battles in eastern Ukraine over the last 24 hours, the blood ...

US 'deeply concerned' about Burkina Faso situation

The US is "deeply concerned" about the deteriorating situation in Burkina Faso resulting from effort ...

Post new comment

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

Rs. 26810 (Per 10g)

Opinion Poll
Do you think formation of 'She' teams would be beneficial for women's safety?
YesNoCan't say

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

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