At 150 years old, Canada has much to be proud of. Beyond its stunning and diverse landscapes, the wealth of our diverse natural resources are as great as the country is vast. The Canadian diamond industry marks just one of our national successes.
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.
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.
Dominion Diamond may soon be on the market. That’s according to a Bloomberg report saying the Canadian company—which owns the Ekati mine in the Northwest Territories and 40 per cent of the Diavik mine—is under pressure from Toronto-based K2 & Associates Investment Management, which holds 5.4 per cent of Dominion’s shares.