The Government of the Northwest Territories (GNWT) has approved Diamonds de Canada Ltd. as an Approved NWT Diamond Manufacturer (ANDM).
The agreement ensures that Diamonds de Canada has access to NWT-mined rough diamonds, and that their manufacturing activities, which include cutting and polishing, will occur in the NWT. The company has entered into a monitoring agreement with the GNWT as required under the GNWT’s Diamond Policy Framework.
Diamonds de Canada is a new company led by diamond industry veterans Mr. Benjamin King and Mr. Michael Indelicato.
The company’s innovative business model includes the use of an automated cutting and shaping system that will minimize the company’s footprint while allowing it to be on par with some of the world’s most advanced manufacturers.
Diamonds de Canada is currently working to refine its processes and configure its equipment. It is preparing for a formal opening this fall.
They will hire and train NWT residents to both operate and maintain their technology while also providing instruction and training on traditional polishing methods.
The company has engaged NWT artists to provide artwork/packaging that will accompany their final product.
“As the GNWT’s diamond industry continues to diversify into the manufacturing of diamonds, residents will be exposed to new training and job opportunities that will strengthen their communities and the territory as whole. The success of our Approved NWT Diamond Manufacturers will mean the success of our territory’s ability to diversify economically in an existing industry that has already brought economic prosperity to the NWT. It is my pleasure to welcome Diamonds de Canada to our territory.”
- Caroline Wawzonek, Minister of Industry, Tourism and Investment
“The history and love of diamonds in the NWT is woven into the fabric of this amazing community. With the right technological solutions coupled with the polishing talent in Yellowknife, there is an opportunity to showcase the best rough diamonds in the world and work them into polished diamonds. Diamonds de Canada is appreciative of the GNWT and their revised diamond policy framework that has paved the way for us to tell the story of the environmental sustainability and social responsibility that stands behind the legacy of Canada’s Diamonds.”
-Benjamin King, Interim CEO, Diamonds de Canada
- Diamond manufacturers are in the business of cutting and polishing rough diamonds to make them ready for sale as polished goods.
- Mr. King is the owner of King Brokerage Limited, a retail industry consultancy.
- Mr. Indelicato is the founder and CEO of RDI Diamonds Inc. (RDI), a wholesale diamond company.
- Diamonds de Canada joins Almod Diamonds as one of two Approved NWT Diamond Manufacturers (ANDM) in the territory.
For media requests, please contact:
Department of Industry, Tourism and Investment
Government of the Northwest Territories
(867) 767-9202 x 63039
Diamonds de Canada