Snap Lake Diamond Mine Snap Lake Diamond Mine Snap Lake Mine is a remote fly-in/fly-out operation located about northeast of Yellowknife, Northwest Territories, and, according to De Beers, was the first De Beers mine outside of Africa. It was also Canada's first completely underground diamond mine. Construction began with the opening of an access winter road in 2005. By the end of 2013, De Beers had spent US$1.8 billion on construction and mine operation. Of that total, De Beers spent US$1.3 billion with Northwest Territories-based contractors and suppliers, including US$723 million with Aboriginal businesses or joint ventures. The mine began commercial production on January
Merlin diamond mine mines worldwide, and a mere 5% gem-quality production at Australia's largest diamond mine, Argyle diamond mine. The high ratio of gem-quality diamonds is responsible for a relatively high value of $108 USD per carat (540 $/g). The known ore grade at Merlin is about 0.2 carats (40 mg) per tonne, although exploration continues under the mine's new owner. The largest diamond produced at the Merlin mine measured 104.73 carats (20.946 g), the largest ever found in Australia, and has been valued at over $525,000 USD . The mine and mining rights were sold by Rio Tinto Group, to Striker Resources,