GREY:PGDIF - Post by User
Post by
jamesbayon Jul 13, 2016 7:59am
104 Views
Post# 25047370
Hunting for diamonds under Canada’s frozen tundra
Hunting for diamonds under Canada’s frozen tundra Prices for rough stones have rebounded 10 percent this year after plunging 44 percent in the five years ending in January. The country is politically stable and has a long mining history, mitigating the snail’s pace at which projects proceed; Gahcho Ku took 21 years to bring into production. And Canada’s diamond deposits tend to be predictable, with high concentrations of bridal-quality gems.
Canada produces approximately 10 percent of world diamond output by volume but about 15 percent by value, said Truter, 51. “The price we receive for the diamonds in Canada is actually quite high compared to other regions of the world.”
https://business.financialpost.com/news/mining/you-need-the-patience-of-job-diamond-dream-lives-on-against-the-odds-under-canadian-tundra