The Natural Diamond Council (NDC) has published its inaugural “Diamonds of Canada” report, highlighting the significant contributions of Canada’s diamond industry to the global market.
This is the first in a planned series of detailed studies focused on diamond-producing regions, as well as current trends and industry data.
Canada’s Growing Presence in the Global Diamond Market
According to the report, Canada has become the world’s third-largest diamond producer since the opening of its first mine in 1998. The country now supplies 14% of the world’s diamonds, with most of its production centred in the Northwest Territories (NWT). The report provides an in-depth look at the region’s major diamond mines, including Diavik, Ekati, and Gahcho Kué, which collectively play a crucial role in the global diamond supply chain.
“These ancient treasures are not just one-of-a-kind, they’re a symbol of innovation, collaboration, and a sparkling commitment to sustainability. Today, Canada has grown to supply 14% of the world’s diamonds,” NDC said in a statement.
Economic and Social Contributions
The diamond mining industry has a significant impact on the local economy, accounting for 52% of the Government of the Northwest Territories’ revenues. This economic contribution is seen as a stabilising factor for the region, enabling residents to remain in the north and support their families.
“The natural diamond industry has allowed people to stay in the north, raise a family and contribute,” said Galeen MacPherson, President of Women in Mining at Rio Tinto’s Diavik diamond mine.
Environmental Initiatives
The report also highlights the industry’s commitment to environmental stewardship. For example, the Diavik diamond mine hosts Northern Canada’s largest off-grid solar plant, demonstrating that renewable energy solutions are viable in subarctic conditions.
NDC says it is committed to “sharing education and transparency throughout the natural diamond industry.” It states that these reports will “serve as additional assets to complement NDC’s Education Program, giving retailers and consumers the information they need right at their fingertips.”
