It gets quite chilly in the northwest region of Canada but the diamond industry in the area is starting to burn red hot as a 552-carat yellow diamond was discovered in October. The rough diamond was unearthed at the Diavik Diamond Mine, approximately 135 miles south of the Arctic Circle in Canada’s Northwest Territories, jointly owned by mining companies Rio Tinto and Dominion Diamond Mines, which made the announcement Friday. “A diamond of this size is completely unexpected for this part of the world and marks a true milestone for diamond mining in North America.”The diamond will not be sold in its rough form, Dominion said. The certification details the gem’s Canadian history from the mine of origin to the polished stone as tracked through an independent, audited process. The trademarked Canadamark brand is owned by Dominion Diamond Mines.

Source: Forbes December 14, 2018 15:00 UTC