Canadian Diamonds Have Hit the Market

For a long time, people thought finding diamonds in Canada was just a prospector’s dream. The dream did become a reality following a discovery in the 1990’s. It was discovered there were several world-class diamond-bearing deposits found in the north of Canada. In 1960, diamond exploration began, but major discoveries were not found until the 1980’s. The first set of economic diamond deposits were found in the Lac de Gras area of the Northwest Territories, it truly was amazing to find Canadian diamonds.

Now the Canadian diamonds market is growing and blossoming within the diamond industry. They bring in over two billion dollars and indicate they have the potential for future growth. In 2003, there were 11.6 million carats produced and is increasing each and every year. They have now opened a second mine called Diavik. They feel this mine will last at least twenty years and are expecting to pull out at least three to five million carats every year which is at least four percent of the world’s volume, with more mines scheduled to be opened.

Canadian Diamonds Protect the Environment and Economy

Because of Canadian diamonds, new polishing facilities in Canada have started up. While these cutting and polishing facilities are being setup, the major benefit is that they are a major source of employment in Canada. The reasons for these facilities being setup is because of a process called the Kimberly Process, which basically takes the rough, raw diamonds that look like normal everyday stones into the beautiful creations you see before you in the stores. It is an international certification process that helps prevent what is known as ‘conflict’ diamonds from entering into legitimate markets.

Canadian diamonds are now one of the industries largest producers and exporters of diamonds. With strict governing laws when it comes to Canadian soil, and the level of pollution that can be emitted in the diamond digging, and refinement process, the facilities that are put up in Canada must adhere to these laws which obviously helps the environment.

Canadian Diamonds Are As Good As Those Shipped Internationally

Canadian diamonds have the same great quality that you can find from diamonds in other places of the world. Diamonds are one of the best investments you can make, not only in terms of a monetary point of view, but also in your relationships. Giving a Canadian diamond to a woman shows your affection, it shows your love, and shows your commitment to your partner.

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