17 Jul 2019
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Canada
By: Diamond World News Service
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Feb 17 2018 12:25PM
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Reference: 16095  

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Ekati mine
Ekati mine
Canadian diamonds are the most sought after for their guaranteed “conflict-free” origins. The rest of the world continues to look up to Canada as a leader when it comes to mining.

Canada may not have the history when it comes to diamonds when compared to other nations, but it has become one of the leading producers of diamond in the world in a very short span of time, since the first discovery of diamonds in the 90s. It is also a major producer of potash, aluminum, cobalt, diamonds, nickel, platinum group metals, titanium, tungsten, uranium and zinc.&&The country is also one of the prime investment destinations and is said to be the second best in G20 to do business, according to Forbes. The international lending agency, IMF, said in January that it now projects Canada’s economy growth as 2.3 per cent this year, up from an estimate of 2.1 per cent in October. Growth for 2019 is forecast at 2.0 per cent, up from an earlier projection for 1.7 per cent.

Diamond Mining
In 1991, two geologists, Chuck Fipke and Stewart Blusson, found evidence of diamond-bearing Kimberlite pipes about 200 miles north of Yellowknife, Northwest Territories. One of these pipes was developed by BHP Billiton into the EKATI Diamond Mine, which produced Canada’s first commercial diamonds in 1998 and that is how it all started.

Today, Canada is the fifth-largest diamond producer in the world, according to the Mining Association of Canada. Canadian diamonds are well-known for their guaranteed “conflict-free” origins. Along with the other diamond producing countries, Canada follows the Kimberley Process and has taken a strong leadership role in the diamond industry ensuring that their diamonds are produced with strict adherence to ethical and environmental guidelines and fair labour practices.

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