The History Of Canadian Diamonds

Canadian Diamonds

If you ask anyone where diamonds come from, the most common reply you will get is Africa. Yes, Africa produces the most diamonds. However, African diamonds have also been tainted by the illegal trading process in the country and this has focused the world’s attention on the illegal diamond trading process. Most large companies have also stepped back from African diamonds due to the huge controversy surrounding the so-called blood diamonds.

Canadian diamonds

In an effort to find the popular stone, large companies are now exploring other areas. Very few people know that diamonds are produced by several other countries in a clear and legal manger. In fact, Canadian diamonds top the list for their quality and authenticity.

Diamond discovery in Canada can be attributed to Chuck Fipke and Stewart Blusson. The two geologists were prospecting in Northern Canada and they were convinced that the area would have several diamond deposits. No one really thought that the area was a potential diamond mine but the two geologists persevered and continued digging all over the area. The two geologists believed that Canada could produce worldclass diamonds because of the country’s geochemistry. According to studies, the country had the largest amount of cratons or ancient stable parts of the earth’s crust. These cratons were also prime areas for kimberlite or diamond pipe formation. The geologists used a combination of mineral chemistry knowledge, mapping of regional ice advance and retreat patterns, and geophysical planning to map the area for Canadian diamonds.

To their good luck, they eventually managed to find diamond-bearing Kimberlite pipes in 1991. The Canadian diamonds reserves were located about 200 miles north of Yellowknife in the Northern Territories. The two geologists were quick to cash into the discovery and one of those pipes was developed by BHP Billion in to the current EKATI diamond mine. The mine produced the first Canadian diamonds in 1998. The success of the EKATI mine focused the attention of other developers in to the area and very soon, large multinationals had their own geologists crawling all over the countryside searching for local Canadian diamonds.

Currently, there are several large mines producing Canadian diamonds in the area. EKATI has now produced over 40 million carats of Canadian diamonds and there seems to be no stopping for the mine. Apart from EKATI, the Diavik Mine located about 190 miles north of Yellowknife has also turned out to be a huge producer of good Canadian diamonds. This open-pit mine produces more than eight million carats of diamonds per year. Now, the mine will be advancing into the underground mining and the mine is expected to continue producing great diamonds for the next 22 years. Other mines like Snap Lake Mine and Victor Mine has also been established around Yellowknife. Both mines are owned by De Beers. Both mines produce more than 200,000 carats of Canadian diamonds annually and they are expected to double in production as the mines are exploited completely.

Canadian diamonds

Multinationals have continued to drill all over Northwest Canada in the hopes of finding new fields and they have not been disappointed. Most of the larger fields have been registered but they have yet to be exploited and developed. Multinationals have also started exploiting previously closed mines in the area as well. Modern development techniques and seismic methods are being used to check existing kimberlites for diamond deposits. The Vancouver-based Peregrine Diamonds benefited from this process as they decided to re-evaluate the DO-27 kimberlite pipe located in the Northwest Territories. On re-examination, the team discovered promising micro diamond deposits in the area. As a result, the company decided to open the pipe and proceeded directly to underground sampling in 1993. At the time, the pipe showed disappointing yields and the company abandoned the project. In 2005, the company decided to re-check the pipe with better technology and they were pleasantly surprised. The pipe yielded 0.98 carats per tonne. A statistical analysis showed that the pipe would now yield an economic profit and it could be exploited for diamond reserves.

So why wait; if you like diamonds and if you like conflict-free diamonds, you should opt for Canadian diamonds. At present, the diamonds retail under the Eskimo Arctic Diamonds, Arctic Mark Diamonds, CanadaMark Diamonds, and Polar Bear Diamonds brand names. Do the world a favor and buy

Canadian Diamonds

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Reasons You Should Purchase Canadian Diamonds

Canadian diamonds

mining industry began in the late 1980’s with two prospectors from British Columbia, Stewart Blusson and Chuck Fipke. With time, these miners were convinced that the Northwest Territories were prime diamond property and began research. According to Fipke, there was a trail of glacier that was heading to the Lake Lac de Gras 300 kilometres northwest of Yellow Knife. The patch of sediment found was full of Canadian diamonds indicators such as garnets and chrome diopsides. The area is a host to a 1.8 carat diamond and has since been the jewel of Canada. Given the wide range of diamonds that are available, there are a few reasons as to why you should purchase Canadian diamonds, as discussed in the following paragraphs.

Canadian diamonds

Profitability
Mining Canadian diamonds in Canada is the most lucrative diamond mining in the world. According to Bloomberg. For a one dollar sale of diamonds from the Northwest Territories, a 56% profit will be derived. Analysts suggest that the Diavik mine, which is in the Northwest territory, is more profitable averaging a gross operating margin of 82% compared to that of base metal mine, which is at 10%. The pipe from Diavik mine is thought to be the richest in the world. It is currently yielding 4.8 carats per ton, a large proportion of which are high quality gems. These lucrative gems form part of the Diavik mine, which began it operations sometimes back in 1998. Ekati and Diavik Canadian diamonds mines claim that they mine three of the world six richest pipes.

Efficiency
The ratio of diamond-producing kimberlites is also much higher in Canada. It is another factor you should look at when investing in diamonds or buying them. Reports indicate that 3.1 percent of the 540 kimberlites found in Canada prior to 2003 were worth mining. Comparing this with other deposits found around the globe ,which stand at 0.7 percent of the 6,395 kimberlites found across the globe that are worth mining. This means Canadian mines which produce Canadian diamonds are four times more likely to be successful and this is a reason for mining.

Pricing
Canadian rough, which makes Canadian diamonds, tends to have a much better color and buyers for the commodity are plentiful. This is why Canadian rough is more expensive that De beers. It is a factor that buyers like when purchasing these Canadian diamonds. The safety of the customer is also guaranteed, owing to dubious origins of some stones in Africa, Canada created a certificate of authenticity that guarantees that its diamonds have been mined, cut and polished locally. The country has spent a fortune in marketing the virtues of its trade mark called Canadian Arctic Diamonds in other regions such as Europe and Japan. Canadian stones, which are sold in Canada, are reportedly earning premiums of between 5-30 percent compared to other diamonds. That means a reasonable investment in the diamonds will earn a reasonable profit.

Originality
Canadian diamonds are laser inscribed with polar bears and maple leaves and bearing up to three certificates to authenticate them. Canada has a consistent supply of good quality rough at a time when major sources of supply are dwindling. This means that as demand for diamonds increase, it is expected that Canadian diamonds will continue to garner premium prices and this makes it a high quality stone to invest in.

Investors Advice
Because the cycle from exploration to production is long and announcements of progress from companies during this period are not made regularly, the share price will fluctuate. Speculation in the junior mining stock sector which is another form of investing in diamonds should be attempted when one has information.

All forecast show that from 2010, Canada has been mining about 20% of the global diamond output. The percentage accounts for the best quality stones in the most stable socio-political environment. Today, the diamond rough is rare and Canadian rough is essential for production of diamonds. It is expected to play a prominent role because output in other parts of the world is declining. New growth markets such as china will continue to drive demand forward at a time when supply restrictions mean that Canada is one of the only viable new sources for consistent diamond supply. These are enough reasons as to why you should purchase

Canadian diamonds

.

What To Look For When Buying A Canadian Diamond

Canadian diamonds, technically speaking, are sparkling stones originating or mined from the North American nation’s major territories and provinces. The whole diamond-mining business started in the country only in the 1990s. This is quite surprising as Canadian diamonds are among the most popular diamond varieties in the world, and Canada being the third largest producer of diamonds, globally. If you are out in the market for your share of these precious Canadian diamonds, there are certain things that you must know.

Color

Canadian diamonds generally have a slight milky hue. They aren’t as transparent as other diamond varieties. Perhaps, this unique trait is the reason why the diamond is quite popular in several parts of Europe, including the UK, and also in the two biggest developing markets, India and China. Indians like their Canadian diamonds in the bridal jewelry format.

Canadian diamonds

Laser-Marking

Canadian diamonds are laser-marked that indicates both their authenticity and source. The markings are basically in the shape of identification codes that help buyers differentiate Canadian diamonds from other diamond variations, or even the replica versions. The code helps the buyer trace the diamond back to their mining sites (if that really matters) such as Diavik, Ekati, or other mines. Besides the etched code on the girdle, there’s also the historic maple leaf outline symbolic of Canada.

Canadian diamonds

Birth Certificates

Regardless of where these diamonds are bought, if they are real, they ought to come with their certificates of birth. Both Canadia and Canadian Ice diamonds come with independent reports confirming the quality and authenticity of the diamond. The brief literature also throws light on the diamond’s background.

According to the makers, being able to offer the product’s certificate of origin helps increase the product’s value and also makes the buying decision easier for the consumer. At times, looking for those tiny engravings or codes may not be too convenient. The verification document also comes in handy when a buyer seeks insurance pay for the lost stones.

So, the next time you buy Canadian diamonds, remember the stone is as important as the accompanying documents.

Jewelry Variety

Canadian diamonds

are set to shape in a variety of jewelry, including diamond pendants and earrings, bridal rings, studs, bracelets, etc.

Canadian diamonds

The move to diversify or offer variety is to make Canadian diamonds reach a wide gamut of audience. Also, it helps the makers hit affordable price points when experimenting with their offerings. As a result, several middle-class consumers, especially in emerging markets such as India and Canada, are likely to buy Canadian stones for their fine jewelry or wedding jewelry needs.

Ethical Mining Standards

Canadian diamonds are getting popular not just for their quality and the romance attached to their several thousand years of history and tradition, but also for the manner in which they are getting mined. In other words, Canadian stones are generally tagged as safe and traceable. Since the mining is done locally, there are more business and employment opportunities created for the locals or residents of nearby villages and towns. Besides offering job opportunities, the mining industries are also able to provide several benefits such as scholarships, transportation services and living allowances.

Despite the profit potential in the industry, the Canadian firms are quite clear about the safety standards and measures that need to be adhered to during the harvesting process. Development of the mineral resources, reduction of environmental impacts, participation in local communities, and sharing mineral production benefits with trade partners are also among the priorities of the mining companies.

Gathering local community has always been the miners’ major objective, but how the rough diamonds get handled once the mining is done is also significant to them. All of these factors put together are behind the ethical image of these Canadian diamonds. This is unlike most other diamond varieties, where there’s a lot of illegal activity and anti-social practices in play. When you buy a Canadian diamond, you’ll certainly not feel guilty over putting on a piece of jewelry that’s been made out of someone else’s misery.

Though most buyers are quite aware of these ethical standards, dealers and manufacturers are not leaving any stone unturned to read out their stanzas of ethics loud and clear. Do the right thing and buy a

Canadian Diamond