Description
Canada keeps on emerging as a main player in the world diamond business.
Canada's Ekati mine shaped close to 4 Mct in 2003  and the Diavik mine produced
3.8 Mct transporting the country's total to 8 Mct (US$880 million) which is 6% by weight and 11% by
value of world manufacture... It is predictable that by 2006 Canada will explanation for about 12%
of the world’s diamond manufacture. By the end of 2003, the sum number of kimberlites exposed in Canada
was close to 600, the majority of them in the Archean Slave Craton in parts of the North West Territory
and Nunavut. As a result far this searching has generated the expansion of two mines - Ekati and Diavik -
plus forur superior projects namely: Snap Lake, Jericho, gahcho Kue and Victor.
Canada is the third major manufacturer of diamonds in the world after Botswana and Russia.
Canada became a diamond manufacturer in October 1998 when the Ekati diamond mine started about
300 kilometres northeast of Yellowknife. Through April 1999, the mine had shaped one million carats.
Canada’s diamond business has now become a $1.7 billion business with all indicators pointing to
budding for future growth. Diavik; Canada’s second diamonds mine, and began manufacture in January
2003. Through its projected 20-year life, average diamond manufacture from this mine is predictable
to peak at six to eight million carats a year, concerning five percent of the world’s total provide.
Ekati’s average manufacture over its projected 20-year life is predictable to max out at three to
five million carats a year, four percent of world manufacture by volume.
Diamond Collections
The Canada Diamond collections are Crown Diamond,
Black Diamond,
and Ideal cut Diamond, Fine cut diamond, Shallow cut diamond and Deep cut diamonds.
| Rank |
Country> |
% of Worldwide Production |
Value in USD |
| 6 |
Canada |
8.10% |
$1,646 |
|
