There’s a lot to say about the power of branding. The Polar Bear Diamond was among the first wave of branded diamonds. De Beers had just discontinued its Diamond Promotion Service (DPS), so the timing was opportune. The Polar Bear brand relied on Canadian origin as its primary differentiator; juxtaposing Canada’s pristine image to that of blood and conflict in Africa. The idea of branding a diamond, from the very beginning, is founded in the promotion of one diamond at the expense of others.
The first public viewing in America of the 187.7-carat Diavik Foxfire diamond is taking place Nov. 17, 2016 to Feb. 16, 2017 in the Harry Winston Gallery at the Smithsonian’s National Museum of Natural History in Washington, D.C.
The Gahcho Kué mine—one of the 10 largest diamond mines in the world—will formally open today. The mine sits about 280 kilometres northeast of Yellowknife and is only 80 kilometres southeast of De Beer’s recently closed Snap Lake diamond mine.
The mine, which is co-owned by De Beers Canada (51 per cent) and Mountain Province Diamonds (49 per cent), is estimated to provide a $6.7 billion boost to the Canadian economy over its anticipated … Continue reading Gahcho Kué mine opens
Ore from Gahcho Kué is now being fed to a process plant, signaling the formal ramp-up of diamond production for Canada’s newest diamond mine. According to De Beers Group and Mountain Province Diamonds—joint partners in the venture—the project remains on track to reach full commercial operation in the first quarter of 2017.
Processing of ore has commenced at the Renard Diamond Project, says Stornoway Diamond Corp. The development marks the start of a processing ramp-up that is designed to achieve 100 per cent of plant capacity within nine months.
Rio Tinto’s 187.7-carat Diavik Foxfire diamond is set to headline the Israel Diamond Exchange (IDE) third International Rough Diamond Week. Discovered last fall in the Diavik Diamond Mine in Canada’s Northwest Territories, the Diavik Foxfire is considered the largest rough diamond ever found in North America.
One hundred million carats of rough diamonds have been unearthed at Canada’s Diavik mine since production commenced in 2003. Located on an island in a remote sub-arctic lake, Diavik produces predominantly gem-quality diamonds. The mine is operated and partly owned by Rio Tinto.