Interesting news this week: Russia just unveiled a long held state secret to the world. Apparently, 35 million years ago a large meteorite fell in a region of Russia near Siberia. The site is known as the Popigai Astroblem. The area mostly was a deposit of graphite.
Upon impact, most of the graphite was changed instantly into diamonds. The site was discovered during the Soviet Era in the 1970’s and was deemed a state secret. The Soviet Union at that time was intent of developing synthetic diamonds.
Due to the violent nature of these diamonds forming, they are reported by the Russians to be twice as hard as normal diamonds.
The Russians believe this site has trillions it not quadrillions of carats of diamonds.
Unfortunately for the ladies, the diamonds seem to be of use only industrially. There is some interest is using them in future semi-conductor capabilities.
Here is the story from Yahoo.
And another version from IDEX, a company that tracks diamond production and pricing.