Posts Tagged ‘diamonds’

Russian Diamond Field, Secret Until Now, Said to Contain ‘Trillions of Carats’

September 18, 2012 2 comments


A new diamond field said to contain “trillions of carats” is hitting the news wires.

Christian Science Monitor reports that the deposit lies beneath an asteroid crater in Siberia known as Popigai Astroblem. The crater, 62 miles in diameter, was actually discovered by Russian scientists in the 1970s, but the information was classified until today.

According to the story in CSM and now being reported in several international news providers and mining publications, the Soviets decided to keep the discovery a secret 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,” and the country had also invested heavily in synthetic diamonds.

Russian official news agency ITAR-Tass reports the diamonds at Popigai are “twice as hard” as Read more…

Categories: Russia Tags: , ,

Gold treasure at India temple could be the largest in the world

July 5, 2011 3 comments


NEW DELHI (Commodity Online) : The value of treasure consisting of thousands of kilos of gold, diamonds, gems and Silver ornaments, found concealed in different cellars at Sree Padmanabha swamy temple in Thiruvananthapuram, capital of South Indian state of Kerala, is estimated to cross over a mind-blowing Rs 1,00,000 crore ($10 billion).

As per expert accounts, this could be the largest treasure of Gold found anywhere in India and possibly in the world. Two more cellars are to be opened on Monday which could add more value to the already whopping amount.

Analysts said the estimated amount is nearly three times the annual budget size of Kerala. Experts are yet to find out the antique value of the rare Read more…