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The Russians just announced that they have a huge amount of quality diamonds on their territory in some site that they haven't started exploiting yet. To profi
by dimitar 14y ago
The Russians just announced that they have a huge amount of quality diamonds on their territory in some site that they haven't started exploiting yet.
To profit they basically have to ape De Beers and create a huge demand in Europe or Asia (I think diamond engagement rings are that big only in the USA)
- guard-of-terra 14y agoI think that most of diamonds sold Russia are mined in Russia (Yakutia probably). Still they are expensive and luxur-ish. I guess Russian jewelers are just riding the world-wide hype wave, not interested in disrupting or "harming" the market.
- bduerst 14y agoTo be fair, the diamonds at that site are from/the result of a meteor crash, and most are small in diamond terms.