Trillions of Carats of (Industrial) Diamonds in Russia?

[RandallS]

If this is correct, this will be great news -- a lot of industrial and technological equipment needs diamonds. And no, it should not devalue jewelry quality diamonds.

The Siberian branch of Russian Academy of Sciences said that the Popigai  crater in eastern Siberia contains “many trillions of carats” of  “impact diamonds” — good for technological purposes, not for jewelry,  and far exceeding the currently known global deposits of conventional  diamonds.

Read the article

[Melamphoros]

And no, it should not devalue jewelry quality diamonds.

 
Given how the price of jewelry-quality diamonds is already artificially inflated, I doubt it would change much anyway.

[Dragonoake]

And no, it should not devalue jewelry quality diamonds.

My understanding is that impact diamonds are more like dust or sand than stones