Mumbai: Diamond Council (NDC) recently announced the launch of its latest report titled ‘Diamonds of Canada’. This report is an extension of the larger ‘Diamond Facts’ report unveiled by NDC last year, which aimed at highlighting the significance of natural diamonds and the positive impact on the communities they touch.
The Diamonds of Canada report offers an in-depth look uncovering the magic and mystique behind Canada’s diamond industry. From the stunning discovery of these ancient gems to the innovations driving sustainable mining, this report shines a light on the country’s integral role in the global diamond market. It also celebrates the collaborative work between the diamond industry and local and indigenous communities, reinforcing the sector’s commitment to both economic growth and environmental stewardship.
The goal of the report is to provide rich content that will resonate with both retailers and end consumers, elevating their understanding of the journey and legacy of natural diamonds.
Key highlights of the report include:
- Canada’s Prominent Position in the Global Diamond Industry
Canada, particularly its Northwest Territories (NWT), has become a key player in the global diamond market, producing 14% of the world’s diamonds. Since the opening of its first diamond mine in 1998, key mines like Diavik, Ekati, and Gahcho Kué have produced gems dating back 3.5 billion years, cementing Canada’s position in the industry.
2. Positive Social and Economic Impact
Canadian diamond mines play a vital role in the economy, generating 52% of the Northwest Territories government’s revenue. The mines, in partnership with local and indigenous communities, drive sustainable growth by creating jobs and supporting families in northern regions.
3. Environmental Stewardship and Innovation
The report highlights Canada’s commitment to environmental sustainability. During the Victor mine closure, 1.4 million trees were planted to restore the tundra, a crucial habitat for wildlife and Indigenous culture. Extensive biodiversity studies, ensure that for every acre mined, four acres are conserved. Diavik diamond mine has also established Canada’s largest off-grid solar plant, using over 6,600 panels to cut emissions—equivalent to removing 630 cars off the road, each year. This strategy ensures that resource extraction goes hand in hand with preserving the environment.
Also, earlier this year, NDC’s global ambassador and British actress Lily James embarked on an inspiring journey through Canada’s diamond industry. Set against the breathtaking Northwest Territories, this visit gave her a first-hand view into the industry’s consistent commitment to ethical sourcing and preservation of nature.
Richa Singh, Managing Director, NDC India and Middle East said, “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 little-known aspects of Canadian diamonds, this report underscores the modern diamond industry’s dedication to sustainable practices and how it is working towards positive community impact. As we continue to deepen our understanding of this journey from mine to masterpiece, we look forward to exploring and sharing similar reports from other regions, reinforcing our commitment to a responsible and transparent industry for consumers and professionals alike.”
The Diamonds of Canada report is part of a broader initiative to spotlight the positive impact of natural diamond mining worldwide, and how the diamond industry is reinforcing its commitment to responsible practices that respect the environment and uplift local communities. The modern diamond industry is dedicated to sustainability and environmental stewardship across regions, from Canada’s Northwest Territories to Botswana’s Orapa and Karowe Diamond Mines. Key initiatives include recycling 84% of water used in mining and responsibly managing 99% of excess rock material. Conservation efforts like De Beers’ Diamond Route protect biodiversity and endangered fauna and flora species in South Africa and Botswana. Upcoming reports, such as Diamonds of Botswana, Diamond Trends and Diamond Facts, will provide further insights into these global initiatives.
