Diavik began producing diamonds in January 2003, and the company sold its first rough diamonds in March that year. Dominion Diamonds said it had stopped negotiations around the proposed sale of certain Dominion assets, including the Ekati mine. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. Crescent diamonds in Halifax had their diamond expert look at the diamond and ring and all the assistants gathered around as the stone was so nice and better than anything they had. The Diavik Diamond Mine is Canada’s largest diamond mine in terms of carat production. There is still only one Canadian mine producing diamonds, BHP Billiton’s Ekati mine 300 km northeast of Yellowknife, but it will be joined early in 2003 by its near-neighbour, the Diavik mine, jointly-owned by a Rio Tinto subsidiary, Diavik Diamond Mines Inc. (60% interest) and Aber Diamonds Mines (40%). Get inspired with designs shared by our talented community. The company owns a controlling interest in the Ekati Diamond Mine, which it operates, and owns 40% of the Diavik Diamond … The ring is platinum. Diavik Communities; Rio Tinto Fer et Titane. Monday, 7 September, 2020 to Friday, 11 September, 2020. Diavik. For more information, visit the Rio Tinto website. The Diavik mine is jointly owned by Diavik Diamond Mines Inc. (a wholly owned subsidiary of Rio Tinto plc) and Dominion Diamond Diavik Limited Partnership (a wholly owned subsidiary of Dominion Diamond Corporation). TOPICS: bankruptcy dominion diamond Ekati Diamond Mine. The Ekati mine is well known for its premium gem-quality diamonds. Rapaport reports that Rio Tinto's Diavik subsidiary Diavik Diamond Mines Inc (DDMI) has asked a Canadian court to allow a sale of Dominion owned rough diamonds from the mine, to compensate for outstanding payments to Rio Tinto, amounting to US$90+ million, to be able to continue operations at the mine. Prepare yourself for a revolutionary diamond shopping experience. I was happily shocked when I went to insure her ring. Diavik Diamond Mines Inc. wants to sell off tens of millions of dollars' worth of diamonds it holds as collateral for money it is owed by Dominion Diamond Mines. your source for Wholesale Canadian Diamonds. Diavik was established following the discovery of four diamond-bearing deposits, called kimberlite pipes, in 1994 and 1995. The company owns a controlling interest in the Ekati Diamond Mine, which it operates, and owns 40% of the Diavik Diamond Mine. If a polished Canadian diamond has been graded by GIA to be 0.5 carat, G color and VS2 clarity, its “quality” is no different from another diamond mined in Botswana that’s graded to be 0.5 carat, G color and VS2 clarity. Dominion holds a 40% stake in the northern mine, located about 300 kilometers (186 miles) north of the territorial capital of Yellowknife. So well done and many thanks. We'd love to show you the tremendous Canadian diamond values we can provide. The Diavik Diamond Mine lies 300km northeast of Yellowknife, Northwest Territories in Canada. of the Canadian Diamond Exchange Canada’s Diamond Company Canadian Diamonds Pink Diamonds Direct to the public jewellers & wholesalers. Diamonds are graded individually by the 4Cs and this is how their quality/value is determined in the market. Only the finest quality Canadian diamonds at wholesale prices. Wholesale Canadian diamonds direct from Canada's Arctic diamond mine. Find the perfect symbol of your love. By The Canadian Press. The sale was subject to a condition that the insurance companies and the purchaser reached an agreement on the treatment of the existing surety bonds. In a press release the owner of the Ekati diamond mine in the Northwest Territories says the proposed C$166 million (US$126 million) sale of the mine to affiliates of the Washington Companies is off. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. Diavik began producing diamonds in January 2003, and the company sold its first rough diamonds in March that year. Top Designers. We looked in a few stores and haven't found anything that we like yet. Rio Tinto Diamonds Core Sale - Diavik. Connect with them on Dribbble; the global community for designers and creative professionals. Diavik produced 6.7 million carats in 2019 but is scheduled to close in 2025, with cleanup costs estimated at $365.3 million, according to court documents. NWT Diamond Centre 5105 49th Street Yellowknife, NT, X1A 1P8 (867) 920-7108 info@nwtdiamondcentre.com Employer's Detailed Rating. Rio Tinto Diamonds Core Sale - Diavik; Submenu. They are amazed since none of they have probably seen a diamond of such high quality since "regular" stores often didn't seem to have what you offer. Dominion Diamond agrees to sell Ekati About eight months after filing for bankruptcy protection Dominion Diamond Mines says it has agreed to sell … Rough | Natural White 1.45ct $ 5,250.00 Rough Octahedron | Natural Yellow 6.50ct $ 12,000.00 1ct Rough Diamond from the Alrosa Mines in Russia $ 105.00 1ct Rough Diamond … Wholesale Canadian diamonds direct from Canada's Arctic diamond mine. Browse our inventory of engagement rings to find the perfect ring for you. Feedback . The ring is simply stunning! While I chose the ring and diamond myself, I'd like to see a few suggestions of bands that have that you think would go well with her ring. RTFT operates an open cast titanium dioxide mine at Lac Tio near Havre-Saint-Pierre and, at its metallurgical complex in Sorel-Tracy, extracts high-quality titanium dioxide feedstock, pig iron, steel and metal powders from the ore. Read more . Dominion Diamond Mines ULC announced today that it will be recalling approximately 60 furloughed employees effective early , 2020 in order to prepare for an anticipated restart of the Ekati Mine. We produce the full spectrum of diamonds in terms of qualities, sizes and colours. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. The largest gem-quality stone from the mine is a 186-carat diamond … We told them about you. Have a question? Our expert diamond graders are only a phone call away. Click the image below to verify BBB accreditation and to see a Canada Diamonds Inc. BBB report. Thanks again. Weekly Warm-Up. The Jericho mine has been dormant since 2008, although there was a short-lived attempt to revive it in 2012. It was set by Fireworks in Halifax. Continuing financial troubles for the Dominion Diamond Mining company is putting the future of around 1,000 workers in jeopardy at two different mines. T he gem, named Helios, comes from the Northwest Territories’ Diavik diamond … In 2006, a Canadian diamond mining company called Tahera started production at the Jericho mine in Nunavut but fell into financial difficulties a year later. The only ethical choice is a Canadian Diamond. Dominion filed for bankruptcy protection a month ago, after saying it couldn’t pay for its 40 per cent stake in Diavik Diamond Mine due to the diamond market downturn caused by COVID-19. Opened in 1999, Dominion Diamond Corporation's (formerly BHP Billiton) Sorting and Valuation Facility sorts EKATI diamonds prior to their sale to manufacturers and traders through Dominion's sales office in Toronto, Ontario. Diavik Diamond Mine designed by FutureForm. Read what our client think of Canada Diamonds. Future of Ekati Diamond Mine unclear after $166-million sale falls through. The company is an unincorporated joint venture between Diavik Diamond Mines (a wholly-owned subsidiary of Rio Tinto) and and Dominion Diamond Corporation , There is still only one Canadian mine producing diamonds, BHP Billiton’s Ekati mine 300 km northeast of Yellowknife, but it will be joined early in 2003 by its near-neighbour, the Diavik mine, jointly-owned by a Rio Tinto subsidiary, Diavik Diamond Mines Inc. (60% interest) and Aber Diamonds Mines (40%). Rio Tinto Fer et Titane. Canada Diamonds mission is to provide our clients direct diamond dealer wholesale prices on the highest quality Canadian diamonds and the finest diamond jewelry at wholesale prices! Read more . No high jewelry store prices or middleman markups are found here. Internal communication . The Diavik Diamond Mine is located in the Yellowknife, Northwest Territories of Canada which is operated in part by the Rio Tinto Mining Group and by Aber Diamond … The Diavik Diamond Mine is Canada’s largest diamond mine in terms of carat production. Dominion has been unable to pay those fees since they filed for […] Attached are a few pictures of her ring during our trip to Maui this summer, where I proposed. Rio Tinto will also offer large diamonds from its Diavik mine in Canada, including the Diavik Helios, which will headline the sale. They recommended fireworks, who do their setting normally anyway. Dominion Diamond Mines ULC is a Canadian mining company and one of the world’s largest producers and suppliers of premium rough diamond assortments to the global market. We buy our diamonds directly from the major Canadian diamond cutters and sell these diamonds at wholesale prices. Canada Diamonds strives to provide our clients the finest cut ethical Canadian diamonds direct from Canada's diamond mines at wholesale prices. ©2019 by Ran Cohen Group of Companies. (Photo taken from Dominion Diamonds Facebook page.) It also holds a controlling interest in the Lac de Gras diamond … Recognition Management's skills . The company owes the co-owners of the Diavik Diamond Mine, DDMI, more than $120 million in payments for operation fees. Rio Tinto Ltd. has scrapped the proposed sale of its $1.3-billion diamond business, including the Diavik Mine, claiming there’s still time for diamonds in the North. Our Diavik mine, for example, produces a high proportion of large, white, gem-quality diamonds, traditionally associated with engagement rings, luxury jewellery and collector pieces. Values and corporate culture . IOC Communities; Our hub for our aluminium business. Free shipping to Canada and the United States. A 74.48-carat fancy yellow diamond named for the mythical Greek god of the sun will lead off Rio Tinto’s fall sale of rough diamonds. By The Canadian Press. Diavik produced 6.7 million carats in 2019 but is scheduled to close in 2025, with cleanup costs estimated at $365.3 million, according to court documents. We are proud to offer our clients the finest Canadian diamond jewelry at a fraction of retail prices. Headlining the tender is a 74.48 carat fancy yellow diamond from Rio Tinto’s Diavik diamond mine in the remote Northwest Territories of Canada. Diamond giant De Beers began … I just wanted to thank you and John for making buying an engagement ring such a great experience. All Rights Reserved. (Reporting by Jeff Lewis; Editing by Richard Chang and Marguerita Choy) was injured and transported to a medical facility earlier this week, according to a company news release. Your Canadian diamond is fully traceable from the Arctic diamond mine to your engagement ring. With the lovely diamond sitting up, it catches the blue of the sapphires and from around six feet away or more it really looks amazing. Diavik Diamond Mine The Diavik mine is situated on a small island, called East Island, in Lac de Gras near Yellowknife, the capital of Canada's Northwest Territories. Ethically mined Canadian diamonds with a certificate of authenticity, a independent lab grading diamond certificate from the GIA, AGS, or Gemscan grading report of the Canadian diamond. sales@diamond.ca. Dominion Diamond Corporation also has its own diamond certification scheme, CanadaMark, which encompasses stones mined in the Ekati and Diavik mines. Close filters Edit event Rio Tinto Diamonds Core Sale - Diavik Filters. Diavik. The two most significant diamond mines operating in Canada at this time are the Diavik Diamond Mine and the Ekati Diamond Mine. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. Close. Uncut Rough Crystal No. 604-618-6807 1-888-790-4244. sales@canadadiamonds.com. Wholesale Canadian Diamonds - finest quality ideal cut Canadian diamonds at incredible wholesale diamond prices. Thanks for submitting! Bids for the Specials Tender are due to close on 9 November, and the collection will be shown in Antwerp and Tel Aviv as well as online. JavaScript seems to be disabled in your browser. An aerial view of the Diavik diamond mine in Canada, 220km south of the Arctic Circle. For the best experience on our site, be sure to turn on Javascript in your browser. Rio’s Diamonds and Minerals chief executive Alan Davies said there is a positive market outlook for diamonds. Our business is built on the principals of providing our clients the finest quality Canadian diamonds at the absolute best price. Don’t pay retail prices for high quality diamonds. read. Dominion and Diavik. We work hard to leave a lasting, positive legacy everywhere we work. For the best experience on our site, be sure to turn on Javascript in your browser. Diavik Diamond Mine - Old typo logo for fun:) -- Follow me on: Behance - Instagram - Twitter - Facebook × Explore Shots. Diavik produced 6.7 million carats in 2019 but is scheduled to close in 2025, with cleanup costs estimated at $365.3 million, according to court documents. Platinum and 18 kt gold diamond jewelry crafted by master goldsmiths. The Diavik Diamond Mine is located in the Yellowknife, Northwest Territories of Canada which is operated in part by the Rio Tinto Mining Group and by Aber Diamond … They are award winning and took these lovely photos for us. September 16, 2020 09:00 AM Eastern Daylight Time. “The Diavik Helios is an exceptional diamond in terms of its colour saturation and clarity and will be in strong demand from coloured diamond specialists around the world.” The Specials tender is also notable for including the last of the rough diamonds in this category from the Argyle mine in Australia. Fri., Oct. 9, 2020 timer 1 min. Figure 1. While these diamonds may be cut and polished outside Canada, they are laser marked and rigorously tracked at every stage of the process, from the original mine right through to the retailer. Closely held Dominion sought creditor protection in April, saying it could not afford Rio's cash calls amid coronavirus-related disruptions in the global diamond industry. Whether you’re looking for an engagement ring or a pendant, we guarantee to have something to suit your taste. The Diavik diamond mine, shown here in February 2015, is located on a small island in Lac de Gras, approximately 300 km northeast of Yellowknife and 220 km south of the Arctic Circle, in a remote region of Canada’s Northwest Territories. Gay Sutton looks at the development of the Diavik Diamond Mine, the role of the luxury jewelry brand Harry Winston, and the positive legacy it intends to leave for the Aboriginal people. Global miner Rio Tinto is reportedly seeking approval from a Canadian court to sell its partner’s share of diamonds from the Diavik mine located in Northwest Territories. CAD - Canadian Dollar. The two most significant diamond mines operating in Canada at this time are the Diavik Diamond Mine and the Ekati Diamond Mine. Created under intense heat and pressure, and delivered to the earth’s surface by volcanic action, diamonds are being mined in the icy reaches of northern Canada. The move comes as Rio Tinto intends to recover around C$120m ($91.3m) as well as C$2.4m ($1.82m) legal fees and other costs owed by junior partner Dominion Diamond, Reuters reported, citing a filing. We carry a number of beautiful diamond jewellery and loose diamonds in our store! On October 30, an Alberta court will be asked to give DDMI permission to begin selling off Dominion’s share of diamonds from Diavik. Dominion Diamond Mines ULC is a Canadian mining company and one of the world’s largest producers and suppliers of premium rough diamond assortments to the global market. Dominion Diamond Mines Provides Update on Sale Process. Dominion Diamond Mines ULC announced today that it will be recalling approximately 60 furloughed employees effective early , 2020 in order to prepare for an anticipated restart of the Ekati Mine. The diamond is: princess cut. Diavik diamonds are ideal for the bridal markets of all established and emerging markets, including China. Canadian Diamonds is commited to providing a safe online shopping experience. Fully certified Canadian and Laser engraved with the Canadian certificate or diamond origin as per the Canadian Government Diamond code of conduct. The company also holds a controlling interest in the Lac de Gras Diamond … Rio has said it will not bid on the minority interest. Average or poorly cut Canadian diamonds will not be found here. Ekati Diamond Mine sale falls through Dominion's stake in Diavik was left out of the deal. ... and 40% of the Diavik diamond mine. … Future of Ekati Diamond Mine unclear after $166-million sale falls through. Inside our store, you can also enjoy an interactive tour that takes you on a journey through the vast history of diamond mining in the Canadian North and learn about the many complexities that bring this truly unique product to market. About 200 kilometres south of the Arctic Circle sit some of the world’s most sought-after diamonds. Business model, vision and strategy . A deal to sell the Ekati Diamond Mine fell through on Tuesday. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. Posted By: Luke Carroll October 9, … NWT Diamond Centre5105 49th StreetYellowknife, NT, X1A 1P8(867) 920-7108info@nwtdiamondcentre.com. Last week, Rio Tinto petitioned the court to allow it to sell Dominion’s share of rough diamonds from Diavik, which it had been holding as collateral, in order to recoup more than CAD $120 million ($91.4 million) in unpaid debt required to run the mine. Canada Diamonds mission is to provide our clients direct diamond dealer wholesale prices on the highest quality Canadian diamonds and the finest diamond jewelry at wholesale prices! The most incredible Canadian diamonds available. However they could not set it, as the ring needed a little tooling and for zoning reasons they had no tools! Div. Amazing interviews with design industry leaders, tutorials, and more. Dominion Diamond Mines Granted Court Approval for Sale of Ekati Mine to DDJ Capital Management and Brigade Capital Management Posted on 12/14/2020 0 It was appraised for just less than double what I paid. For the same price at a store I wouldn't have gotten platinum and the diamond would have been .3 carats smaller and of far less quality. “The Diavik Helios is an exceptional diamond in terms of its colour saturation and clarity and will be in strong demand from coloured diamond specialists around the world,” he added. We provide assistance 24/7. Fill the form to receive availability & pricing. Platinum, yellow and white gold diamond jewelry crafted by master goldsmiths. The Diavik Helios fancy yellow diamond is seen in a Rio Tinto promotional image. 26/10/2020 15:39 Rapaport reports that Rio Tinto's Diavik subsidiary Diavik Diamond Mines Inc (DDMI) has asked a Canadian court to allow a sale of Dominion owned rough diamonds from the mine, to compensate for outstanding payments to Rio Tinto, amounting to US$90+ million, to be able to continue operations at the mine. Thanks for any further assistance you can provide. For the past two years, Ekati has produced approximately 7 million carats of high-quality diamond deposits, equating to 3% of worldwide revenue from rough diamond sale. I am very impressed and so is my family.No worries about the sizing. Premium cut Canadian diamonds, conflict and bloodshed free. Shona is delighted with it and we effectively married yesterday, although the legal bit will be done in the UK later. When how your diamond is mined is as important as its beauty. Dominion filed for bankruptcy protection a month ago, after saying it couldn’t pay for its 40 per cent stake in Diavik Diamond Mine due to the diamond market downturn caused by COVID-19. The sale, as it’s currently laid out, of its asset to Washington will depend on Dominion reaching another agreement with Rio Tinto, Diavik’s majority owner. The deal is expected to close by February 1. Only the finest quality pure Canadian diamonds from the Canadian arctic. Sustainability . 0.8ct, VVS2, colour F, EX/VG cut. Submit. Dominion declined comment on the fate of its Diavik stake. All our Canadian diamonds and Canadian diamond jewelry are guaranteed not to be treated or enhanced in any way. Currency. Rio owns 60% of Diavik Diamond Mines Inc (DDMI) and says it is owed C$119.5 million plus about C$2.4 million in fees by junior partner Dominion Diamond ULC. The sale, as it’s currently laid out, of its asset to Washington will depend on Dominion reaching another agreement with Rio Tinto, Diavik’s majority owner. Text or Call (604) 720-0066. Everyone who sees my Fiance's ring is amazed. Dominion holds a 40% stake in the northern mine, located about 300 kilometers (186 miles) north of the territorial capital of Yellowknife. A worker at the Diavik diamond mine in N.W.T. The verdict seems that the ring is outstanding by any standards. 73545 of Diamond (2.41 carat pale-gray cavernous cubic uncut rough diamond) for sale from Diavik Mine, East Island, Lac de Gras, Northwest Territories, Canada available for sale from John Betts, crystal and minerals dealer in NY, NY. I hope you get some more business from my recommendations. Even so, Croese says it’s by no means clear that the market will allow DDMI to claw back the full $120 million. In China Rio Tinto has a strategic partnership with Chow Tai Fook who sell Diavik diamonds into their bridal markets in Hong Kong and mainland China. The Ekati and Diavik Diamond Mines, and the Lac de Gras Diamond Project are located in the Northwest Territories of Canada. RTFT Communities; Iron Ore Company of Canada. TOPICS: bankruptcy dominion diamond Ekati Diamond Mine A deal to sell the Ekati Diamond Mine fell through on Tuesday. Certified Canadian diamonds from Canada's Arctic diamond mines. I am very excited to give it to her.Here are some pictures I took because John said you were not able to take a picture of it.Happy holidays as well! Thank you so much for the Diamonds As you can see it is set with sapphires in platinum with some accent diamonds. The company owns a controlling interest in the Ekati diamond mine, which it operates, and 40% of the Diavik diamond mine. Ekati Diamond Mine sale falls through Dominion's stake in Diavik was left out of the deal. Check out the rankings and see which designers are trending. Closely held … The 74.48-carat, fancy-yellow diamond was named for the pure yellow sunlight emitted by the mythical Greek sun god.