... it was a headline that caught my eye. Several industry publications -
and more than a few news outlets - carried the story after the official
Russian news agency, ITAR-Tass, carried the announcement by the
Russian Academy of Sciences
headline Russia Reveals Siberian Diamond Treasure was followed by a
paragraph that stated... "Russia
has just declassified news that will shake world gem markets to their
core: the discovery of a vast new diamond field containing "trillions
of carats," enough to supply global markets for another 3,000 years.
story unfolded, I saw that the "vast
new diamond field" was actually discovered in the 1970's, and had
been kept secret. Why was it kept secret for so long? I wondered.
Some possible reasons came to mind, such as:
diamond deposit is located in Arctic Siberia, renowned for harsh
the field in Arctic Siberia would be difficult
disruption to a controlled diamond market
Soviets were reaping huge profits from existing, productive deposits
story explained that a gigantic asteroid crater was unearthed, and then
studied by Russian geologists and other disciplines. The crater is known as
Astroblem. The best I can determine, Popigai is a place name, and
astroblem means an impact crater.
crater is said to measure 100 kilometers across (62 miles), and is tied
with another crater as the seventh largest impact crater known worldwide.
The scientists calculated the crater was formed by an extraterrestrial
body impacting the earth 35 million years ago.
the course of studying the crater, they discovered diamonds deep beneath
the earth that had filled in the crater. When the diamonds were intensely
studied and tested, they were determined to be "impact diamonds"
which are twice as hard as most diamonds.
hardness and the large grain structure of these stones make them very valuable in industrial and scientific
applications, where their more abrasive characteristics are desirable.
Just as I suspected, these are industrial grade diamonds, not
really suitable for jewelry. Like most other diamonds of extraterrestrial
origin, most of these apparently are both tiny in size and below even minimum
began to search for and read other reports on the Popigai
Astroblem discovery and learned a few more interesting items. The first
article stated the crater was the result of an asteroid impacting the
earth at tremendous speed. That article speculated the diamonds arrived on
earth in the asteroid.
second news story I found said the crater was a meteor crater. The next
few articles stated the crater was caused by a meteorite. I quickly
realized that I did not know the real difference between an asteroid, a meteor,
and a meteorite. Was it just a matter of size?
an asteroid huge, maybe the size of small town?
a meteorite smaller than a shoe box?
a meteor in between, around the size of a car?
I looked it up. All of them are bodies hurdling through space. Only
asteroids have to do with size... and I found a new term -
asteroid is smaller than a planet and larger than a meteoroid
meteoroid is outside the earth's atmosphere
meteor is moving through the atmosphere
becomes a meteorite when it hits the ground
I cannot guarantee
the accuracy of these explanations,
but it all sounds logical.
found one conclusion of the scientists to be amazing. They concluded the
diamonds were not brought to earth by the meteorite, but rather when the
meteorite impacted the earth, it made a direct hit on a graphite (carbon)
deposit. They determined the diamonds were created from the effects of the heat
and pressure of the impact on the carbon.
Russia Reveals Siberian Diamond Treasure
- it is an interesting story. It also makes you wonder what other discoveries
they are keeping under their Ushankas (hats).
Top - Array of gem quality, round brilliant cut diamond
Next - Location map of the Popigai
Astroblem crater in relation to the Arctic Ocean and Alaska
Next - Aerial view of the Popigai
Special Offer - Diamond marquise, brilliant cut
Next - Gold bar
Next - Dealer Product Image - Chrome Diopside and White
Topaz Ring in Sterling Silver
Last - Dealer Program Image - Pink Spinel and Sterling
A Google search using keywords such as russia
reveals siberian diamond treasure
astroblem can return some very interesting
information and websites.
Here is this month's special gem deal.
This sparkling marquise shaped diamond displays scintillation
good clarity, and will make a beautiful ring.
We keep gem prices low by buying quality gemstone rough
worldwide, and having the rough material cut by our gem cutters in Asia.
Gem Industry News
Forecast - An Alternate View
The August newsletter mentioned a Routers news agency
report that their
quarterly poll of "gold experts" predicted only a small rise in gold
prices by year end.
Now we have a jewelry industry publication carrying a story bearing the
Banks Predict Huge Gains for Gold
The prediction by several major banks are based on what one bank described as
"the reckless policy of yet another round of quantitative easing" by
US and European governments.
The article says "Citing central banks’ policy of monetary
a growing number of analysts now see gold eventually soaring to $2,000 an
The US Presidential election is predicted to have a significant bearing on the
stability of near-term gold prices.
Presidential Election Could
Influence Holiday Sales
A recent article discussing sales strategy for the holiday season caught my
eye because it mentioned "jewelry and other luxury goods" as a
category subject to consumer attitudes in light of the national elections.
The article was obviously written from a business perspective. It stated that
consumers could be more optimistic (and therefore spend more) if the
pro-business candidate won.
The recommended strategy was to sell lower price goods leading up to the
election. At the same time, you should be offering your customer the opportunity
to upgrade their purchase before Christmas.
When following this strategy, you obviously should make an extra effort to
stay in contact with your customers, in order to remind them of the opportunity
to upgrade their jewelry gift purchases.
An ailing economy isn't a deal killer when you offer quality, service, and
Be The Quality Jewelry Discounter.
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