The Republic of Sakha is rich in mineral resources. Yakutia possesses the largest diamond reserves in Russia.
Gold mining is the second most important industrial sector.
It is also an area rich in silver with reserves around 50,000 tonnes. Yakutia is also rich in non-ferrous metals including tin and antimony. Yakutia's reserves of phosphate ore, mica, phlogopite and zeolite are the largest in Siberia. It is also a home for deposits of chromium diopside and chalcedony. Charoite, which comes in a magnificent range of violet, is found only in Yakutia.