Canadian Diamonds From The Gahcho Kué Mine
Canadian Diamonds from the Gahcho Kué mine
The Gahcho Kué diamond mine is a joint venture between Mountain Province Diamonds, which owns 49% of the project, and De Beers Canada, which holds a 51% interest and is the mine’s operator.
The Canadian Diamond joint venture property is located in the Northwest Territories of Canada, 300 km east-northeast of Yellowknife, on the traditional territories of Tłįchǫ, Dene, and Métis people. The mine site lies on the edge of the continuous permafrost zone in an area known as the barren lands due to its lack of forests.
Average annual production: ~4.5M carats.
Mountain Province Diamonds
Mountain Province Diamonds is a Canadian diamond company with an operating approach that is rooted in respect for the unique region they operate in. Their principles and practices have been shaped through their close relationship with the indigenous peoples of the area and are vital to the region’s safeguarding. The value derived from their joint efforts will be shared with the local communities over the duration of the mine's life and beyond. The people, their land, and the wildlife will benefit from Mountain Province Diamonds' efforts to minimize environmental impact while mining Canadian diamonds.
From Mine to Polished
Misfit Diamonds worked with its vendors to secure several parcels of diamonds from Gahcho Kué mine, ensuring that the entire process was documented to establish a transparent, verifiable chain of custody for each stone from its rough state to its final polished form. The rough Canadian diamonds were purchased in closed lots and the weights and stone counts documented in invoices from Mountain Province, and backed up with matching KPC documentation and original invoices from site holder to brokers to our manufacturing partners to Misfit Diamonds. Each diamond's individual rough weight was logged alongside images and videos of every diamond in its raw state through to the final polished forms. The goal is to use this process as the blueprint for what Misfit's sourcing practices will be for all the Canadian diamonds and otherwise in our inventory.
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Canadian Diamonds from Gahcho Kué mine
The Gahcho Kué diamond mine is a joint venture between Mountain Province Diamonds, which owns 49% of the project, and De Beers Canada, which holds a 51% interest and is the mine’s operator. The joint venture property is located in the Northwest Territories of Canada, 300 km east-northeast of Yellowknife, on the traditional territories of Tłįchǫ, Dene, and Métis people. The mine site lies on the edge of the continuous permafrost zone in an area known as the barren lands due to its lack of forests.
What's Going on with the Diamond Supply Chain?
To say we are living in strange and unprecedented times at this point would be an understatement, however it truly is a bizarre time in the diamond industry. The market has yet to fully recover from the supply chain disruptions (and resulting product scarcity) caused by the pandemic that sent prices soaring in 2021 and 2022.
The Story of a Diamond: From Mine to Market
From the depths of over 150 kilometres beneath Canada’s North West Territories, a shiny 2.58ct diamond was born to the Ekati Mine.
Fast forward, the diamond now sits pretty as a 1.08ct cushion cut in a romantic hand fabricated yellow gold ring made by our friend and client, Elana Ginsberg of K&Co Bespoke.