Huge diamond deposit emerges from wraps.

[Dinges]

Supposedly they are very small, not bigger than 3mm across and most are nano diamonds. They are also not very clear so they can't be used for jewellery.

Yep , these are industrial diamonds and not gem stones.

[sepheronx]

I think timing of this news is very interesting. It's been a secret for decades, and right now it is announced? I suppose Putin decided it was time to sell Russia's hidden jewels for cash.

yeah, why not capitalize on it? This could help the semiconductor industry as Industrial diamonds could be made for creating heatsinks or the processor itself.

[artjomh]

You pay insane $ because, among other reasons, they´re (supposed to be) scarce.

Diamonds are not scarce. In fact, they are quite common compared to some other minerals.

Diamonds are expensive because their supply is artificially limited by two monopolies, De Beers and Alrosa. If diamonds were manufactured at full capacity, their price would plummet.

[Albatross]

Arent Diamonds the most plentiful gemstone on the planet or something like that?

[AKS]

Diamonds are not scarce. In fact, they are quite common compared to some other minerals.

Diamonds are expensive because their supply is artificially limited by two monopolies, De Beers and Alrosa. If diamonds were manufactured at full capacity, their price would plummet.

Indeed and I think Russia is selling their stuff to De Beers

[Roaming East]

diamonds are so rare every married couple i know has a few.

If you REALLY want to impress your wife with an item of rarity, and a lasting symbol of prestige that will have her other suitors seething in jealousy over you, get her an unissued condition Enfield No.4t Sniper rifle with clear optic and original factory crate.

or do what i did and get her a new Kitchen Aid professional series mixer. apparently chicks dig 600 dollar cooking appliances...least mine did.