Contact Us

‘Trillions of Karats’ Found in Diamond Hoard Under Russian Asteroid

Sun Drop Diamond
Photo by Dan Kitwood/Getty Images

So much for South Africa, Northern Russia is now the home to the planet’s largest cache of diamonds.  The Russian government releaved publicly recently something they’ve kept under wraps for decades:  an asteroid impact crater near the Arctic Ocean contains 100 times more diamonds than the rest of the known world’s reserves.

The Daily Mail reports that the stones are

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,’ he said.

‘We are speaking about trillions of carats. By comparison, present-day known reserves in Yakutia (a Russian mine) are estimated at one billion carats.’

The stones at Popigai are known as ‘impact diamonds’ which result when an object like a meteor strikes an existing diamond deposit.

They are also unique, which will make them even more sought-after in high-precision scientific and industrial markets.

How will knowledge of a massive hoard of diamonds affect the tightly controlled and regulated diamond market?

[Complete Daily Mail article]

Best of Lite 98.7

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for LITEHOUSE CLUB quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive LITEHOUSE CLUB contests, events, coupons, presales, and much more delivered to you for FREE.