Canadian diamond rings have polar bears on them…
There has been a steady growth in the demand for canadian diamond rings.
This has mainly been because they are high quality & can be distinguished from blood diamonds. We’ll look in to this a little later.
First it was the gold rush in the 19th century when droves of mainly men headed North to Dawson City to make their fortunes.
I can tell you not many got rich but that’s a story for another day.
Now its diamonds which were first discovered in the Northwest territories in 1991 & in the recent past in Nunavut which started diamond mining in Canada.
By 2003 these amazing discoveries and their exploitation had catapulted Canada to the 3rd largest diamond producer in the world in terms of value.
This means that for every given weight of diamonds say 1,000 carats there will be a higher percentage of gem quality diamonds as opposed to industrial diamonds.
Canada only lags behind Botswana & Russia.
There are 4 main diamond mines from which canadian engagement rings get their stones.
The Ekati, which is about 300 kilometers northeast of Yellowknife opened in 1998.
The The Diavik, about 100 kilometers southeast of Ekati.
Jericho is another about 400 km northeast of Yellowknife and finally Snap Lake-4 in the Northwest Territories about 220 kilometers northeast of Yellowknife.
For those of you wondering where the NorthWest territories are, they are near the Yukon.
Information from a Statistics Canada paper says that within a 4 year period between 1998 & 2002 about 13 million carats (thats’ a lot of diamonds) were mined with a value of about $2.8 billion.
For those of you who don’t know, Canada is not a cheap place to live.
Anyone working in the diamond industry in the developed world gets paid well; in Canada, more so!
The average salary is $63,000 per year while diamond cutters command over $100,000 per year (good work if you can get it)!
Diamond mining in Canada has also created a lot of jobs in housing, food & catering industry and infrastructure like road building.
So what does that have to do with you?
Well, its just a primer to let you know that Canadian diamonds may not be the most competitive price wise in the market.
All those hefty salaries have to be earned back.
Also it’s to show you that Canadian diamonds are actually mined in Canada & are not imported from other countries and re-named when they get to Canada.
Identifying Canadian diamonds
How do you identify Canadian diamonds rings? The diamonds are each etched with a speck of polar bear as a trademark; how cool is that?
I mentioned earlier about blood diamonds.
Well, Canadian diamond rings contain diamonds whose sale doesn’t promote terrorism & finance wars like in the DRC (Democratic republic of Congo).
These qualities have made them fashionable & celebrities like Avril Lavingne have been spotted promoting Canadian diamonds.
With the current reserves available, there should be a steady supply of Canadian diamonds at least for the next 12 years.
You can be assured of getting Canadian diamonds for a long time to come.
If you have a passion about human rights & prefer quality over cost, Canadian diamond rings are right up your ally.