The Natural Diamond Council (NDC) has unveiled its latest report, ‘Diamonds of Canada’, as part of its ongoing efforts to highlight the responsible practices and positive global impact of the natural diamond industry. The new report dives into Canada’s prominent role in the global diamond market, with a focus on sustainable mining practices, the longstanding collaboration with indigenous communities, and the country’s rich contribution to the worldwide supply of natural diamonds.
Since the discovery of diamonds in Canada’s Northwest Territories (NWT) in the 1990s, the country has emerged as a leading player in the global diamond industry, now producing 14% of the world’s diamonds. The report traces the journey of Canadian diamonds, from their ancient origins to the cutting-edge innovations in mining that are shaping the future of the industry.
Key Highlights from the ‘Diamonds of Canada’ Report:
1. Canada’s Key Role in the Global Diamond Market
The report underscores Canada’s significance in the global diamond industry, especially through key mines such as Diavik, Ekati, and Gahcho Kué. These mines are known for producing gems that date back 3.5 billion years, solidifying Canada’s position as a key supplier of natural diamonds.
2. Economic Impact and Community Collaboration
Canadian diamond mines are vital to the economy, generating over 50% of the Northwest Territories’ government revenue. The mines play a crucial role in job creation and sustainable economic development, with a particular focus on collaboration with local and indigenous communities to drive mutual growth and prosperity.
3. Commitment to Environmental Sustainability
The Diamonds of Canada report also highlights the country’s dedication to preserving the environment while extracting valuable natural resources. During the closure of the Victor mine, over 1.4 million trees were planted to restore the tundra. Moreover, the Diavik Diamond Mine has installed Canada’s largest off-grid solar power plant, reducing emissions equivalent to removing 630 cars from the road each year.
Lily James Embarks on a Journey to Canada’s Diamond Mines
Earlier this year, NDC global ambassador Lily James, a renowned British actress, visited Canada’s Northwest Territories to gain firsthand insights into the industry’s ethical sourcing practices and environmental stewardship. Her visit shed light on the industry’s commitment to sustainable practices and the preservation of nature.
Richa Singh, Managing Director of NDC India and the Middle East, shared, “The Diamonds of Canada report brings to life the journey of natural diamonds, showcasing the powerful story of responsibility, rarity, and resilience that defines our industry. By highlighting the contributions of Canadian diamonds, we emphasize our commitment to sustainable practices and positive community impact.”
This report is a part of NDC’s broader effort to educate both consumers and retailers about the rich history and responsible practices of the natural diamond industry. It aims to elevate understanding of the entire diamond journey, from mine to masterpiece, and showcase the positive impact of the industry on both local communities and the environment.
Looking Ahead
The launch of ‘Diamonds of Canada’ marks just one step in a series of reports from NDC that will continue to explore the positive impact of natural diamonds worldwide. Future reports will cover other diamond-producing regions, including Diamonds of Botswana, and offer insights into sustainability efforts across the global diamond industry.
