Diamonds can still play a role in Canada’s future

Diamond mining is among the least environmentally damaging of all types of mining-based resource extraction, especially operating within a highly regulated country such as Canada.

Most predictions for the demand for high-quality natural diamonds range from good to very optimistic, in part due to the under-investment in exploration in the last decade and the recent or pending closure of key deposits elsewhere, write Graham Pearson, Thomas Stachel, and Sasha Wilson. Unsplash photograph by Edgar Soto

Opinion

BY GRAHAM PEARSON, THOMAS STACHEL, AND SASHA WILSON

June 16, 2021

In the late 1990s Canada went from “zero-to-hero” on the stage of global diamond production—a $17.5-billion per year industry—thanks to the discovery of major diamond resources in the Northwest Territories by Canadian geologists Chuck Fipke and Stewart Blusson. Since that time, until the cu...

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