The Diavik Diamond Mine is a diamond mine in Lac de Gras, Slave Craton, located about 300 km northeast of Yellowknife. Canada's second mine, first opened in January 2003, is of the largest open pit diamond mines in the world (according to production) and currently produces around 8 million carats annually.
Does Canada import diamonds?
Most of the diamonds imported into Canada are gem quality, cut and polished stones ready to be made into jewellery. In 2002, they accounted for 92% of Canada's diamond import trade. This local industry and the diamonds it imports are small.
What is special about Canadian diamonds?
Canadian diamonds are highly regarded because Canadian diamond mines have some of the world's highest environmental standards. They are also conflict-free, having undergone a certification process that allows the stones to be tracked from mine through manufacturing, wholesaling and to the retail consumer.
Why is it hard to find diamonds in Canada?
Key factors, that caused the decrease in value: The decrease in production volume at the three active diamond mines in the Northwest Territories, as well as the significant decrease in production from the high-value-per-carat Victor mine in northern Ontario. Lower realized prices in a weak and challenging diamond …
Why are Canadian diamonds so expensive?
The cost of the Canadian diamond is slightly more expensive than regular diamonds, which are mined in other countries. Additional reasons why Canadian diamonds are more expensive are: the fact that they are mined under harsh climate conditions, using special machinery and equipment, which are costly.
How much does a 1 carat Canadian diamond cost?
1 Carat Round Diamond
Are diamonds cheaper in Canada or US?
It is true that Canadian diamonds are often slightly more expensive than a diamond of a similar size and quality from another country. However, whether or not this premium is passed on to the end consumer is up to the individual jewellers.
Do Canadian diamonds have polar bears?
Many diamonds mined in Canada are documented and have their certificate number laser inscribed on the girdle with a trade logo such as maple leaf, polar bear and CanadaMark to name a few. This assures consumers of their diamonds origin.
What's the fake diamond called?
diamond simulant
How does buying a Canadian diamond help the local economy?
The next point is that in buying a Canadian diamond, you're also supporting jobs within Canada, it's creating more jobs within Canada which is helping our economy grow and prosper.
Where are the best diamonds from?
Top five diamond mining countries in the world
What is the cheapest country to buy diamonds?
So, what is the cheapest country to buy diamonds? India is the cheapest followed up by China, Dubai, Thailand, and Belgium. They are the cheapest because most of the world's diamonds are cut there. So you do not have to pay any markup due to shipping or retailer markup.
Does Zales sell fake diamonds?
The Piercing Pagoda branch is more of a low market jewelry kiosk, whereas Zales, the main branch, focuses on diamond sales and diamond engagement rings. Despite the fact that they mainly sell diamonds, they do not offer any loose diamonds.
What is the rarest diamond cut?
The rare diamond cut that is the “Royal Asscher Cut” is an updated Asscher Diamond design which was created by Joseph Asscher in 1902.
