Canada discovers a 71.26-carat Yellow Diamond one of the largest diamonds in the world
The recent discovery of a rare diamond announced by the Arctic Canadian Diamond Company demonstrates once again the importance of Canada to the global diamond industry. The stone found almost once in a lifetime on August 25 was unearthed from the Misery Pipe at the company's Ekati mine in the North Western territories of Canada.
The company confirmed that the location where the 71.26-carat rough diamond was found has been a happy hunting ground for miners searching for high-quality yellow diamonds. The company recently sold a bunch of fancy yellow diamonds mined from Ekati weighing up to 17.8 carats to Burgundy Diamond Mines of Australia.
The newly found diamond with a magnificent and dazzling yellow color is the most valuable among all yellow diamonds. The discovery is even more astonishing because it’s likely the largest and most vivid diamond discovered in Canada, believes the industry experts.
An exquisite diamond
The beautiful rough diamond has an octahedral shape that seems almost perfect, a rarity among such large-sized diamonds. All diamonds acquire the octahedral shape as the stone keeps growing but often fail to retain the shape because it is vulnerable to breakage, as it remains under heavy stress under extreme conditions within the earth for millions of years. Therefore, the new diamond retains almost a perfect octahedral shape is the rarest of the rare phenomenon.
Ekati- the first diamond mine in Canada
Ekati Mine, Canada’s first diamond mine famous for supplying a premium assortment of diamonds has been operational for more than 24 years and supplies rough diamonds to the global market. Arctic Canadian Diamond Company owns and operates the Ekati mine, which has been exemplary in environmental stewardship through responsible mining. The company's commitment to responsible mining helped to strengthen communities, improve lives, protect wildlife, and pay due reverence to the mining environment of the location.
High global demand for Canadian diamonds
Roy Moore., President and CEO of Arctic Canadian reiterated the venerable position enjoyed by Canadian diamonds globally, which are also in high demand. Responsible mining practices and caring for the environment are the reasons for the high demand for Canadian diamonds. He considered the discovery of the vivid gemstone as historic, which helped to turn the focus on Canada as a significant player in the arena of diamond mining. The stone reminds the world again about Ekati's knack for delivering value now and in the future.
The Ekati mine is a newly acquired mine by Arctic Canadian as it bought the mine from its earlier owners Dominion Diamond Mines in 2021. Earlier, Arctic Canadian was one of the debt holders of Dominion Diamond Mines unable to sustain the operations and had to sell the mine to Arctic Canadian.
From the stately shape and splendid color of the rare and biggest Canadian diamond, it is not hard to envisage the unbelievable beauty the diamond will acquire after cutting and polishing. However, it might take a year to plan and cut a diamond of such a large size to produce the most extraordinary yellow diamond the world has ever seen.
The 71.26 carat Yellow diamond
