December 7, 2010 - The Government of the Northwest Territories has a new Diamond Policy Framework ─ one that will support and encourage the growth of the diamond manufacturing industry in the Northwest Territories.

“This is a major accomplishment for our government and it required consultation with a broad range of stakeholders including other GNWT departments, operators in the Northwest Territories diamond manufacturing industry, the NWT diamond mines and the City of Yellowknife,” says Minister of Industry, Tourism and Investment, Bob McLeod. “The new Diamond Policy Framework will enhance our efforts to build a sustainable diamond manufacturing industry, diversify our economy and maximize benefits for NWT residents from the development of our non-renewable resources.”

The Diamond Policy Framework was first put in place in 1999 to facilitate the establishment of a diamond manufacturing industry in the NWT.

Through initiatives such as revising the Diamond Policy Framework, the Government of the Northwest Territories is taking action to diversify the economy and provide all communities and regions with opportunities and choices, as envisioned in the 16th Legislative Assembly’s Northerners Working Together plan.

For more information, contact:

Darren Campbell
Manager, Public Affairs and Communications
Industry, Tourism and Investment
Tel: (867) 920-8696