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The largest diamond mine in the world is revealed, capable of supplying the market for more than 3 thousand years  

Written by Valdemar Medeiros
Published 19/05/2024 às 02:55
The world's largest diamond mine, famous for coveted pink and red gems with trillions of valuable carats, revealed!
Photo: Diamond mine/Dall-e

The world's largest diamond mine is discovered in Russia. In addition to generating a revolution in industry, it can supply the world market for more than 3 thousand years.

More than four decades after its discovery, scientists reveal the largest diamond mine in the world. A Popigai deposit, which is located on the border of the Krasnoyarsk region and the Republic of Yakutia, has unique and extremely hard diamonds. Its volume has a few trillion carats, which puts it at a level higher than all reserves in the world.

How did the largest diamond mine in the world come about?

According to an explanation by Aleksandr Portnov, doctor in mining geology, the largest diamond mine in the world was formed from the fall of a meteorite, and was only discovered in the 1970s, however without the possibility of exploration at that time.

Portnov highlights that the shocking discovery of this diamond deposit was kept completely secret for a long time because its reserves are extraordinarily large. The secret remained until it was possible to determine whether the diamonds could be used in industry. 

The demand for diamonds in the industry is huge, around 5 billion carats. However, the market search for natural stones is still very small, according to Serguei Goryainov, commentator at the Information and Analysis Agency Rough & Polished.

Adding to everyone's knowledge, Serguei states that this low demand for natural diamonds in the technical market is due to the fact that when removing the diamond from nature, it is not possible to guarantee exactly what its characteristics will be, something that makes synthetic diamonds more attractive. in the industrial environment. Even in this scenario, certain renowned corporations express interest in the largest diamond mine in the world, located in Russia.

The world's largest diamond mine could generate a revolution in the industry

According to the director of the Siberian Institute of Geology and Mineralogy, Nikolai Pokhilienko, the diamonds from this deposit have unique and exceptional characteristics. They are much harder than the common diamonds we know.

According to the director, this diamond, as it is the most resistant material found in nature, could generate a revolution in the tools and instruments, drilling and transformation industry.

According to Pokhilienko, they can be used in a number of branches of the electronics and optical industries. There is great interest among larger companies, such as De Beers and a number of companies in Japan.

According to scientists' assessment, the newly revealed resources of the world's largest diamond mine at Popigai are sufficient to supply global demand for three thousand years.

Pink and red diamond mine closed after four decades

The world's largest diamond mine, famous for coveted pink and red gems with trillions of valuable carats, revealed!
Catoca Diamond – Disclosure/ DAIli NEWS

A Rio Tinto company closed the Argyle mine, famous for its coveted pink and red gemstones, after almost four decades. Competitors ranging from Russia to Canada hope this will help change the gemstone industry.

The Argyle mine in remote Western Australia has been transforming the industry since 1983, when the operation began supplying gemstones to both ends of the market. RBC Capital Markets and Panmure Gordon are among the brokers, banks and competitors that predict the closure could boost falling prices since 2011, according to Polished Prices, which provides data to the industry.

Production at Argyle is best known as the source of around 90% of the prized pink-magenta diamonds that rank among the highest prices in the industry.

Sotheby's auctioned the 59,6-carat “Pink Star,” mined by Rio Tinto's rival De Beers, for US$71 million in April 2017, a record auction price for any gem. Despite attracting the most attention, pink stones represent less than 0,01% of Argyle's total production.

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Valdemar Medeiros

Journalist in training, specialist in creating content with a focus on SEO actions. Writes about the Automotive Industry, Renewable Energy and Science and Technology

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