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Popigai Astroblem (aka Huge Russian Diamond Find) Hype: Don't Get Too Excited

Posted on the 20 September 2012 by Pricescope @pricescope

By Erika Winters

The Christian Science Monitor published a story earlier this week about "a 35-million-year-old, 62-mile-diameter asteroid crater in eastern Siberia known as Popigai Astroblem." The story went on to reveal that the crater, discovered in the 1970s, contained "trillions of carats" of diamonds but had been kept secret by the Soviet government. The CSM also reported that the diamonds were primarily industrial grade but could potentially impact the diamond market.

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