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
Jericho Diamond Mine on certain covenants of their investment agreement, but is working with Shear to find funding or a purchaser. The mine was developed, opened and operated by Tahera Diamond Corporation. The company was provided with CAN $35 million loan by Tiffany & Co. to assist in construction of the site, as part of a marketing alliance. The mine produced diamonds from 2006 to February 2008, and was Tahera's only mining operation. The company reported financial losses in 2007 due to operational difficulties, the high value of the Canadian dollar, high oil prices, and the short operating season of the Tibbitt to