Canadian diamonds The Ekati Diamond Mine is Canada's first underground diamond operation, and is owned by Dominion Diamond Mines. To date, Ekati has produced nearly 40 million carats of uncut diamond stones out of 6 open pit mines. The Renard diamond mine is Quebec's first diamond mine. The mine is expected to produce an average of 1.6 million carats per year over an initial 14-year mine life. The Snap Lake Diamond Mine is located northeast of Yellowknife as well, not far from Diavik. Snap lake is owned by De Beers and was their first mine outside of Africa. Snap Lake is also
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