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A recent diamond discovery and technological advancements in outer space have exposed potential new metal and gemstone sources for the jewellery industry.Geologists have reportedly discovered another type of diamond within the lava of the Tolbachik volcano, located on the Kamchatka Peninsula in Russia.According to multiple media reports, the Russian Ministry of Science released a statement that read: “The solidified lava of the Tolbachik eruption [which occurred in 2012–13] carries within it a new and never-before-seen type of diamond ... According to the Russian geologists, these unique diamonds are not formed in the magmatic melt, but are created by volcanic gases...

Fresh lava flows down Tolbachik volcano in Russia's Kamchatka peninsula in a new space snapshot from NASA's Earth Observing-1 (EO-1) satellite. The fiery volcano erupted on Nov. 27, 2012, pouring fast-moving basalt lava through snow and ice on its steep flanks. A near-permanent ash plume rose from Tolbachik, visible in the March 6 satellite image. The volcanic edifice records a complex geologic history. The western half of Tolbachik is a steep-sided stratovolcano, like Mount Rainier and Mount St. Helens in Washington, according to NASA's Earth Observatory. The eastern half is a broad, flat shield volcano, like Hawaii's Kilauea volcano, with...