All diamonds mined in Canada are guaranteed to be conflict-free, and indeed Canada has long been one of the most vocal supporters of the Kimberley Process Certification Scheme, designed to stem the diamond trade’s contribution to violence and war.ĭiavik Mine, located in a remote part of Canada’s Northwest Territories, is one of the world’s most productive open-pit diamond mines. Since then, the country has quickly become one of the world leaders in diamond production.Ĭanadian diamonds are prized not only for the high quality of the diamonds themselves, but also because of the nation’s highly ethical approach to the industry. While prospectors have been looking for gems in Canada since at least the 1960s, diamond rich areas were not discovered in the country until 1991, when the first economic diamond deposit was discovered in the Lac de Gras area of the Northern Territories. Canadian diamonds are similar to other diamonds in terms of their color, cut, carat and clarity. A lot of these regions are yet to be explored and developed and there are even two huge, new projects set to begin. The prospects for Canada’s increase in the amount of diamonds they produce look very positive as evidence suggests that they have much more deposits in different regions in huge expanses. Canada has the distinction of being the world’s third top producer of diamonds in terms of sheer dollar value. Many of the larger deposits can be found miles and miles below the ocean floor at the bottom of lakes. Most of its mines are located in the barren lands which can be found in the northern arctic regions of Canada. Canada began producing diamonds in the early 1990s. Canadian DiamondsĬanada is one of the newest players in the diamond industry. One way of identifying a Russian diamond is by having a relationship with a trusted supplier that can provide you with the origin information. It is not possible to tell the origin of a mined diamond by simply looking at it or even by inspecting its chemical composition. They have more than twelve functional open pit diamond mines.This position is not likely to change in the near future as Russia holds diamond reserves of more than 1 billion carats. Russia continues to be the leader in the production of diamonds in terms of both sheer carat volume and even by dollar value. The commercial sale and export of diamonds began in Russia in the 1960s. Certain locations in Siberia exhibited certain characteristics similar to the carbon rich environment in South Africa that were rich with diamond deposits. Russia developed its diamond industry in order to fulfill its need for industrial supplies and equipment following World War II. The top six countries are Russia, Botswana, Canada, Angola, South Africa and Namibia. The top diamond mines in the world are responsible for more than 90% of the diamonds produced, with the other countries accounting for just 10% of the diamonds in the world. Diamond Sourcesĭiamonds have been discovered in countries such as Russia, Botswana, Canada, Angola, South Africa, Namibia, Australia, Zimbabwe and even in Guyana, India and Brazil. This has allowed other jewellers a foothold in the market and has resulted in the decline of huge brand names in the diamond jewellery business. Traditionally South Africa was the largest exporter of diamonds to the rest of the world, but within the last 20 years, countries outside of Southern Africa have discovered that they also share this resource. The diamond trade is no longer monopolized by just a few large companies today there are many smaller diamond mines that are significant players in the diamond trade. Many changes have occurred in diamond sources within the diamond industry over the last 20 years or so.
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