Russia has just declassified news that will shake world gem markets to their core: the discovery of a vast new diamond field containing “trillions of carats,” enough to supply global markets for another 3,000 years.
The Soviets discovered the bonanza back in the 1970s beneath a 35-million-year-old, 62-mile diameter asteroid crater in eastern Siberia known as Popigai Astroblem.
They decided to keep it secret, and not to exploit it, apparently because the USSR’s huge diamond operations at Mirny, in Yakutia, were already producing immense profits in what was then a tightly controlled world market.
Merely interesting to most of us. But right now, somewhere in the world, an economist is thinking, “I have an identification strategy!”
7 Responses
heh: “right now, somewhere in the world, an economist is thinking, “I have an identification strategy!” http://t.co/MmzP1U5D
‘somewhere in the world, an economist is thinking, “I have an identification strategy!”’
FTW.
I haven’t investigated this in detail, but according to the reddit thread on the topic these diamonds have been known about since 1995 and are probably expensive to extract and of poor quality: http://www.reddit.com/r/worldnews/comments/1015r4/russia_has_just_declassified_news_that_will_shake/c69iip4
Hey! I resemble that. #indignation RT @randomsubu: #econonerdhumor RT @ekfletch: Too funny. RT @cblatts: Surprise! http://t.co/X1VOZklU
#econonerdhumor RT @ekfletch: Too funny. RT @cblatts: Surprise! http://t.co/Vj7uUTDp
Too funny. RT @cblatts: Surprise! http://t.co/X1VOZklU
RT @cblatts: Surprise! http://t.co/EjyxhKMH