Frequent question: Are Canadian diamonds ethically sourced?

What are Canadian Diamonds? Natural diamonds, ethically and sustainably mined in Canada. They are 100% conflict free. And, they are independently certified to be ethically, environmentally, and socially conscious.

Are diamonds from Canada good?

Canadian diamonds are highly regarded because Canadian diamond mines have some of the world’s highest environmental standards. They are also conflict-free, having undergone a certification process that allows the stones to be tracked from mine through manufacturing, wholesaling and to the retail consumer.

Can diamonds be ethically sourced?

An ethically sourced diamond comes from a mine that is in compliance with strict labor and environmental regulations. This means that child labor is not taking place, forced labor doesn’t exist, workers receive fair wages and safe working conditions, and that the diamond sales aren’t being used to fund violence.

Are Canadian diamonds real diamonds?

Canadian diamonds are the stunning colorless diamonds mined in Canada. Fancy-colored diamonds are not commonly mined in Canada, although some yellow diamonds have been found at the Diavik mine and famous pink diamonds have been found at the Victor mine.

Where do Canadian diamonds come from?

Canada’s diamonds are predominantly mined in the Northwest Territories (NWT), which encompasses 40% of Canada’s landmass. There are currently four working diamond mines in Canada, three in the NWT – the Ekati, Diavik and Gahcho Kué mines – and the Renard diamond mine in Quebec.

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Who owns Canadian diamond mines?

Rio Tinto is now the sole owner of one of Canada’s biggest diamond mines. The company announced Thursday it has completed a transaction to acquire Dominion Diamond Mine’s 40 per cent share of Diavik Diamond Mine, located about 300 kilometres northeast of Yellowknife.

Why is it so hard to find diamonds in Canada?

Whether a diamond mine makes money or not comes down to three variables: production costs, the grade and size of the deposit, and the price the diamonds fetch on global markets. In recent years, all of these have conspired to bring the Canadian industry to its knees.

Are Costco diamonds ethically sourced?

Diamonds that we offer for sale are procured from legitimate sources not involved in funding conflict and comply with the United Nations resolutions set forth by the Kimberly Process procedure.

How do you know if a diamond is ethically sourced?

Be wary of diamonds mined in Angola, Zimbabwe, or The Democratic Republic of Congo where violations of human rights in diamond mines are well-documented. The best options for diamonds mined in Africa are Namibia and Botswana, where strict labor laws and environmental standards are enforced.

Are real diamonds unethical?

While diamonds have long been associated with some of the happiest days of one’s life, they can also be the source of so much suffering for others. From human rights abuses and blood diamonds to habitat destruction and water pollution, the truth is that diamond mining is a messy business.

Do all Canadian diamonds have a polar bear?

Many diamonds mined in Canada are documented and have their certificate number laser inscribed on the girdle with a trade logo such as maple leaf, polar bear and CanadaMark to name a few. This assures consumers of their diamonds origin.

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How are Canadian diamonds different?

Canadian diamonds are sought-after all over the world for their conflict-free origins. They also have a slightly different atomic structure to other diamonds, with fewer internal irregularities, which allows a better flow of light through the stones.

How much is a Canadian diamond worth?

Canada Diamond Price Today

Weight Diamond Price Date
1 Carat CAD 1,253.40 01-03-2022
0.5 Carat CAD 626.70 01-03-2022
0.75 Carat CAD 940.05 01-03-2022
0.25 Carat CAD 313.35 01-03-2022