Jericho Diamond Mine produce a year with a value of CAN $25 million. In the first half of 2006 the mine had processed for . Jericho Diamond Mine The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced of diamonds from of kimberlite mined from the open pit operation. Over $200 million was invested in the development of the Jericho
Yellowknife came from gold mining, and later government; however, because of falling gold prices and increased operating costs, the final gold mine closed in 2004, marking a turning point for Yellowknife's economy. After a downturn in the 1990s during the closure of the gold mines and the downsizing of the government workforce in 1999, Yellowknife's economy has recovered, largely because of the diamond boom; the Ekati Diamond Mine, owned and operated by BHP Billiton (sold to Dominion Diamond Corporation in 2013), opened in 1998. A second mine, Diavik Diamond Mine, began production in 2003. Production from the two operating mines in