Diamonds In Canada: An Overview Of Current Developments

Exploration activity for diamonds in Canada has recently experienced a dramatic increase. Disclosure of a diamond discovery exhibiting features of a potentially economic deposit contained in a kimberlite pipe in the Lac de Gras area of Canada's Northwest Territories has sparked substantial interest in-Canada and abroad and has triggered the largest staking rush in terms of area in the history of Canadian exploration. In this paper, we report on the nature and extent of current exploration activity in Canada for diamonds (with special attention to Arctic regions), the results of this activity to date, and the context in terms of current world markets for diamonds.