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The History of Canadian Diamonds

It is said the sparkle from canadian diamonddiamonds. This mine sells $100,000,000 worth
rings mimics the eerie and enchantingof gemstones a year. This mine is expected to
radiance of the Northern Lights. This is abe in production for the next two decades and
bit of a romantic notion as it is actuallyis currently responsible for providing 5% of
the cut of the diamond, not its nationalthe worlds gemstone quality diamonds.The
identity that makes it twinkle like aJericho-3 mine is located near the north end
Northern star. Still Canadian diamonds areof Contwoyto Lake in West Kitikmeot in the
among the whitest in the world. Thanks toCanadian Territory of Nunavut. It is operated
stringent government regulations in theby the Tahera Diamond Corporation, which has
Northwest Territories they are also extremelybeen researching the viability of operating
high quality. This Canadian reputation forthe mine year round in Nunavit's harsh
integrity means that canadian diamond ringsclimate. It has only been in business for
are competing well in the gem stone jewelryseveral months but it is projected to be a
market.Canadian diamonds are also quitegenerous resource of glittering diamonds for
special because they have only been aroundat least the next eight years.You know a
about thirty years. Prior to their discoverydiamond deposit is serious valuable when
in Canada's Artic north in 1985, the finestDeBeers decides to get a piece of the action.
quality diamonds were sourced from SouthThe Snap Lake mine, that is scheduled to
Africa. This monopoly was put to an end whenopen next year is owned and operated by the
two Canadian geologists, Charles Fipke andgargantuan South African mining company. This
his partner Stuart Blusson discovered a largeparticular mine is located beneath a lake in
vein of Kimberlite near Lac De Gras in thethe James Bay Lowlands of Northern Ontario.
Yukon, Canada. This discovery was excitingThe nearest community is the coastal village
as Kimberlite is the ideal stone-growingof Attawapiskat. This mine, which requires
medium for high quality diamonds. Soon aftera great deal of technological innovation to
this, in 1991, yet another source of diamondsextract the Canadian diamonds from beneath
in Kimberlite was found in Nunavit in thetons of water, apparently has a rich deposit
Northwest Territories.The money to extractof gems that will produce for at least eight
these  diamonds  comes  from  the  Canadianyears.One of the great things about this mine
is they have gone a long way towards making
government and the gemstones that areCanada's indigenous people, Indians and
produced are also certified by the governmentEskimos, quite wealthy The mines provide
body. This means that unlike many diamondshigh-income jobs with an average salary of
that you can buy today, the Canadian diamond$63,000. These are permanent jobs that are
can be traced back to the diamond it wascurrently handled by aboriginal peoples such
mined from. Canadian diamonds are also etchedas the Dene First Nation. When you buy
with a serial number as well as a teensycanadian diamonds you are also supporting an
microscopic image of a polar bear or a mapleindigenous culture.The relatively recent
leaf. All diamonds mined in thisdiscoveries of these diamond mines have
conscientious country come with a Canadiancaused a flurry of excitement, not unlike the
Triple Guarantee, which assures the qualityYukon Gold Rush. According to Statistics
and purity of the rock.In the last thirtyCanada, by February 2004 prospecting
years, Canada has risen to become one of thecompanies from all over the world laid claim
top three producers of gemstone qualityto more than 70 million acres in the
diamonds in the world. Although South AfricaNorthwest Territories and Nunavut. The most
produces the most diamonds, many of them aredramatic increase in diamond prospecting is
for industrial and technological uses.in Nunavut in Northern Ontario, where the
Currently Canada is the third top producer ofnumber of prospecting permits grew to 1,518
diamonds for rings behind Botswana andin 2004 from just 190 in 2003.Over the years,
Russia.Two of the largest diamond mines inCanadian Diamonds have earned quite a
Canada are located very near and just northreputation for quality and integrity. As they
of the city of Yellowknife in the North Westare traceable, you know that they are not
Territories. Two mines are operated in thissold to fund terrorism in Angola or other
area - the Diavik and Ekati mines. The thirdAfrican countries. Canadian diamonds are of
big mine, called Jericho-3 just startedvery high quality with their most precious
mining operations in 2005 in Nunavut. Acharacteristic being their brilliant white
fourth mine called Snap Lake-4, which is incolor. This is especially true of the
Northern Ontario (and quite a bit south ofdiamonds that come from the Ekati mines.
the other three diamond mines) is scheduledTheir purity and clarity makes a stellar
to begin production in 2007.Charles Fipke anddiamond engagement ring.According to
Stewart Blusson, the geologists whoStatistics Canada, 13.8 million carats of
originally discovered the vein of Kimberlite,diamonds worth approximately $2.8 billion
own Canada's first diamond mine, the Ekatiwere mined in Canada between 1998 and 2002.
Mine, along with the Australian miningThis means that every day, Canadian mines
conglomerate BHP Billton. This treasure troveproduce $1.5 million worth of diamonds, which
is expected to be in production for the nextis the equivalent of a 1.5 kilogram bag full
two decades. It currently produces four perof the gems. Overall, Canada now produces 15%
cent of the world's fine diamonds.The Diavikof the worlds diamonds in total and this
mine is cooperatively owned by a Britishtrend towards prosperity will increase
mining called Rio Tinto PLC and the the Aberproviding the weather cooperates and these
Diamond Corp that is based in Toronto,mines are always allowed to operate with year
Ontario. It has been in production sinceround efficiency.
2003. It produces 8,000,000 carats of



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