Lucy in the Sky with Diamonds
- Thread starter MylesBAstor
- Start date
That's 2 x 10^31 Kg, which is ten times the mass of the sun and
3.33 Million times the mass of the earth!
That's one really BIG diamond!
3.33 Million times the mass of the earth!
That's one really BIG diamond!
But if we go to go there up there to fetch they may still remain expensive ... De Beers stronghold on diamonds is not about to be released
In truth, diamonds are not rare in comparison with other precious stones...De Beers has maintained a de facto monopoly on the release of supply into the market to maintain pricing and they are masters at marketing. I did a research paper on this many years ago in University and was fascinated to learn a little bit about how they have managed to build up this market position over the last several generations.
I've always suspected as much. Makes you wonder about other things that are considered rare as well. There are certain things that are easy to verify. For instance when there was only so many of a product produced. But when it comes to natural resources only the people in control of them really know what they have. Also new discoveries can always uncover more.
Wikipedia reports:
Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto Group, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales..
Does any one know how these values compare with audio commodities production and marketing?
Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto Group, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales..
Does any one know how these values compare with audio commodities production and marketing?
And there are probably millions of these in our galaxy alone .
Also funny to know is that the one thing that destroys a large star is iron , once a star has fused up all its hydrogen and helium , it explodes once it tries to fuse iron, within milliseconds after that.
During this explosion gold is among others also produced , all the gold on planet earth is produced from an old star which died in a supernova explosion
Also funny to know is that the one thing that destroys a large star is iron , once a star has fused up all its hydrogen and helium , it explodes once it tries to fuse iron, within milliseconds after that.
During this explosion gold is among others also produced , all the gold on planet earth is produced from an old star which died in a supernova explosion
or this one.......
Russian asteroid crater revealed to be filled with over $1 quadrillion of diamonds
Call it the Soviet Union's most valuable cold war secret. This past weekend, Russia declassified the existence of what could very well be the richest diamond field in existence, located in the depths of a 62-mile diameter asteroid crater known as Popigai Astroblem in Siberia.
The diamonds found in the Popigai Astroblem are known as "impact diamonds." They're created when a meteor strikes a graphite deposit, as happened there an estimated 35 million years ago. Impact diamonds are significantly harder than normal diamonds, and are best suited for industrial or scientific use.
Given that diamonds can sell for $2,000 per karat with unusually large diamonds going for as much as $20 million, a discovery of "trillions of karats" could value this hole in the quadrillions of dollars. Of course, a diamond discovery of this magnitude is almost sure to have a serious downward impact in the per-karat price should full-scale mining operations ever begin.
Russian asteroid crater revealed to be filled with over $1 quadrillion of diamonds
Call it the Soviet Union's most valuable cold war secret. This past weekend, Russia declassified the existence of what could very well be the richest diamond field in existence, located in the depths of a 62-mile diameter asteroid crater known as Popigai Astroblem in Siberia.
The diamonds found in the Popigai Astroblem are known as "impact diamonds." They're created when a meteor strikes a graphite deposit, as happened there an estimated 35 million years ago. Impact diamonds are significantly harder than normal diamonds, and are best suited for industrial or scientific use.
Given that diamonds can sell for $2,000 per karat with unusually large diamonds going for as much as $20 million, a discovery of "trillions of karats" could value this hole in the quadrillions of dollars. Of course, a diamond discovery of this magnitude is almost sure to have a serious downward impact in the per-karat price should full-scale mining operations ever begin.
A flashy claim from Russian scientists, that a Siberian meteorite crater holds "trillions of carats" of diamonds, may be far-fetched but it's not outside the realm of scientific possibility.
Over the weekend, scientists in Moscow divulged that the 62-mile (100-kilometer)-wide Popigai Astroblem crater harbors a peerlessly dense deposit of industrial diamonds.
The Soviets reportedly discovered the trove in the 1970s, but they kept it a secret to avoid upsetting a world diamond market that already favored them. Now that the information is declassified, Russian scientists say Popigai diamonds, some of which are reportedly twice as hard as ordinary diamonds, could revolutionize the global market.
According to Richard April, a professor of geology at Colgate University, there are two main explanations for the formation of so-called "impact diamonds," which he says are found in small quantities at meteorite-impact sites around the globe. [How Are Fake Diamonds Made?]
(Meteors, which are fragments of asteroids or comets that enter Earth's atmosphere at high speeds, are called meteorites after they slam into Earth.)
One possibility is that a meteorite crashes into an area rich with some form of carbon, such as the remains of living organisms. The high pressures and temperatures of the collision would be enough to turn the terrestrial carbon into diamond.
In the second scenario, the carbon arrives inside a meteorite and, at the moment of impact, flash-fuses into diamonds that are dispersed in the ground.
Both scenarios have evidence to back them up, including discoveries of meteorites embedded with tiny diamonds, but according to April, neither scenario is known to create the massive deposits of diamonds that Russia is now touting.
"The diamonds that have been found around meteorite-impact craters have been small and few," he said. "It's interesting that the Russians are claiming that they found a gigantic deposit of diamonds in a meteorite-impact crater, because, from what we've seen so far, it's kind of unlikely."
Still, there is a third Cinderella possibility that, according to April, could theoretically account for the formation of a vast store of super-hard diamonds at a crater site.
It's conceivable that a meteorite landed on a preexisting diamond field, one populated with terrestrial diamonds dredged up from beneath the Earth's surface by volcanic processes. These diamonds, most often found in volcanic deposits called kimberlite pipes, do exist in Siberia.
"The stars would have had to align for the meteor to have impacted a kimberlite pipe. It would be kind of like a hole in one on the golf course," said April. "But it is possible the diamonds would have re-crystallized at the high temperatures and pressures into what they're calling the very hard form."
"That might also account for the fact that there are so many of them. To have trillions of carats, though. This is the first I've ever heard of trillions of carats," he said. "That has never been found before and that would make this a very unique situation."
Over the weekend, scientists in Moscow divulged that the 62-mile (100-kilometer)-wide Popigai Astroblem crater harbors a peerlessly dense deposit of industrial diamonds.
The Soviets reportedly discovered the trove in the 1970s, but they kept it a secret to avoid upsetting a world diamond market that already favored them. Now that the information is declassified, Russian scientists say Popigai diamonds, some of which are reportedly twice as hard as ordinary diamonds, could revolutionize the global market.
According to Richard April, a professor of geology at Colgate University, there are two main explanations for the formation of so-called "impact diamonds," which he says are found in small quantities at meteorite-impact sites around the globe. [How Are Fake Diamonds Made?]
(Meteors, which are fragments of asteroids or comets that enter Earth's atmosphere at high speeds, are called meteorites after they slam into Earth.)
One possibility is that a meteorite crashes into an area rich with some form of carbon, such as the remains of living organisms. The high pressures and temperatures of the collision would be enough to turn the terrestrial carbon into diamond.
In the second scenario, the carbon arrives inside a meteorite and, at the moment of impact, flash-fuses into diamonds that are dispersed in the ground.
Both scenarios have evidence to back them up, including discoveries of meteorites embedded with tiny diamonds, but according to April, neither scenario is known to create the massive deposits of diamonds that Russia is now touting.
"The diamonds that have been found around meteorite-impact craters have been small and few," he said. "It's interesting that the Russians are claiming that they found a gigantic deposit of diamonds in a meteorite-impact crater, because, from what we've seen so far, it's kind of unlikely."
Still, there is a third Cinderella possibility that, according to April, could theoretically account for the formation of a vast store of super-hard diamonds at a crater site.
It's conceivable that a meteorite landed on a preexisting diamond field, one populated with terrestrial diamonds dredged up from beneath the Earth's surface by volcanic processes. These diamonds, most often found in volcanic deposits called kimberlite pipes, do exist in Siberia.
"The stars would have had to align for the meteor to have impacted a kimberlite pipe. It would be kind of like a hole in one on the golf course," said April. "But it is possible the diamonds would have re-crystallized at the high temperatures and pressures into what they're calling the very hard form."
"That might also account for the fact that there are so many of them. To have trillions of carats, though. This is the first I've ever heard of trillions of carats," he said. "That has never been found before and that would make this a very unique situation."
TRILLIONS of carats? At 5 carats per gram, that's still in the order of magnitude of Billions of kilograms.
At 3.5g/cc or 3.5Kg/liter, we're looking at Billions of liters or millions of cubic meters of diamond.
That sounds highly unlikely to me.
At 3.5g/cc or 3.5Kg/liter, we're looking at Billions of liters or millions of cubic meters of diamond.
That sounds highly unlikely to me.
apparently it has been verified Gary. Plausibility is reached by the size of the crater (62 kilometers)
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