Canada is the youngest player in the world of diamond mining.
In the last decade, Canada's diamond production gained from scratch to becoming the third largest in the world, with only 4 mines: Ekati, Diavik, Snap Lake and Victor, who just won the title "the mine of the year". The Canadian production has reached 10% of the global supply in means of carat and 14% in terms of American dollars.
Canada is the second largest country in the world after Russia, with an area of some 10 million sq.km.
In addition to diamonds, Canada owns other natural resources, such as iron, copper, wood, natural gas, oil and more. These natural resources and Canada's geographic location just up to the U.S.A, and is the key for its economic stability and success. Today Canada is the world's ninth largest economy. Despite the fact that in 2008 there was a further deceleration due to the considerable dependency upon the US economy, the Canadian economy is expected to recover and achieve a growth rate of 2.3% in 2009.
The first diamond mine in Canada was discovered only in 1991 in the cold and almost arctic Northwest Territories, which led to the opening of the Ekati mine.But the search for diamonds in Canada began many years ago, and it is full with stories of desperate broke diamond hunters who left their family and life just to be the first to find indicators for diamonds in the wild.
In discreet and on secret missions, De Beers and other diamond and mining companies sent spies and double agents to collect sand samples and intelligence.
Most of the searchers didn't even say they were looking for diamonds, and used gold as their reason. Among the famous and today's rich pioneers are Chuck Pipke, Stuart Blusson, Grenville Thomas and his daughter Eira, who was only 6 years old when he took her with him to the Canadian arctic.
Today the Canadian diamond industry is sort of a miracle. In such a short time, it managed to increase and expand its diamond production. The total diamond production in Canada for 2008 rose 30% from 2007, and summed at $2.25 billion.Although the vivid diamond industry, polishing factories are not common in Canada. Recently Canada opened a new diamond exchange.
Source : Friday, 23 October 2009 07:06 by Roe Kalb
*
Additional Reading :
How to Buy Diamonds according to Diamond Imports
Diamond Buying Advice
Why Jewellery Stores Dislike Knowledgeable Customers
*
Jewellery Trade Please Note
CASH BUYERS ONLY
TRY USING YOUR OWN MONEY INSTEAD
.jpg)
