Kyrgyzstan: Diamond Deposits Found, According to Government

Kanatbek Madumarov, Kyrgyzstan’s Director of the Precious Metals Department, claims that ongoing geological explorations have found diamond deposits but said that the diamonds were “hard to reach,” according to IDEX Online.

According to the report, the central Asian nation is “one of the world’s poorest countries,” with a quarter of the population living below the poverty line.

Madumarov told local media: “Work on entering the certification system will allow exploration, mining and processing of diamonds. Kyrgyz entrepreneurs could bring rough diamonds from other countries and process them here, the law allows it.”

Kyrgyzstan, which has never before reported diamond deposits, imported only $61,000 worth of diamonds in 2020, primarily from the UAE.

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