An ancient Yakut legend has it that God was once flying over Yakutia and his hands got frozen so he dropped all his treasures. That’s why the region is so enriched with diamonds, gold and other treasure, so some locals believe. Indeed Yakutia is unimaginably wealthy in diamonds, gold, silver, oil and gas. Yakutia produces 97% of all Russian diamonds. The top three biggest diamond mines in the world are located in Yakutia. A trip to see the vast open pit of the world’s biggest diamond mine, the Jubilee mine (Yubileyny mine) is well worth the visit. The open pit mine is expected to eventually reach an astonishing depth of 720 metres! Yakutia also has huge deposits of coal, tin, iron ore and salt.