More Canadian Diamonds!

CANADA BECOMES 3RD LARGEST DIAMOND SUPPLIER WORLDWIDE

Edwards and Davies

 Early Years

                 During the early years of the 21st century, the diamond industry suffered a considerable slump in worldwide production. The search for available deposits grew desperate as both companies and investors began to withdraw. Due to the high cost of mining, especially in colder climates like Siberia, this lack of financial support painted a bleak future for diamond exploration. Conversely, it was in the shadow of this recession that Canada had been investigating domestic opportunities across the seemingly untouched Northwest regions. This idea was first introduced by Chuck Fipke and Dr. Stu Blusson during the late 1980’s when the duo was convinced diamond-bearing kimberlites were present in an area that had, up to that point, never been considered. After a successful drilling project revealed the first major North American commercial deposit, investors witnessed the largest staking rush in Canadian history.

Initial Stages

Most of the available land was purchased and staked over the next two years. Due to the incredibly high demand and the rate at which investments were growing, companies were marking their territory with helicopters in the interest of saving time. Today, the stakes held by Diavik and Ekati mines are said to have access to three (these three located in Canada) of the world’s six richest kimberlite deposits.  With a combined annual production of roughly thirteen million carats these mines contribute over fifteen percent of worldwide diamond supply, estimated to be worth 1.96 billion as of 2012.

Allure of Canadian Diamonds

In addition to the quality of diamonds being unearthed, Canadian reputations have played a significant role in distribution. Unlike Russia and Africa where corporate oversight is minimal, companies in Canada are known to possess high levels of accountability and are subject to many strict environmental regulations. The idea of diamonds which are completely devoid of ethical quandaries gives them an elite status on the international market. As if this socioeconomic standing was not quite enough, Canada became the first government in the world to brand its diamonds. Bearing laser-inscribed tags of polar bears or maple leaves, these diamonds have garnered premiums of five to thirty percent over comparable stones.

Aquamarine – The Jewel of the Sea

Edwards and Davies Jewellers                                                                                                                 

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Embodiment of the sea.

The essence of relaxation.

Devine purity of water.

These are just a few of the flattering phrases used to describe the beautiful blue colour of aquamarine, the beloved birthstone for the month of March. It harmonizes well with all precious metals and adds a natural clarity that is exclusive to an aquamarine. It is a relatively easy stone to cut and can therefore be found in many different shapes and sizes.

Aquamarine is a member of the Beryl group which includes other notable stones such as emerald and morganite. These gems are known for their symmetrical crystallization, usually forming into six-sided hexagons, along with their natural hardness. Pure beryl is mostly colourless and relies on inclusions to achieve distinct colouring; the bluish hue of aquamarine is due to an abundance of iron.

Commonly associated with mental acuity, aquamarine is believed to be a stone of great intellectual prowess. The supposed ability of an aquamarine to deem its owner unconquerable has also made it a desired item amongst ancient leaders for centuries.  Today, it is the gemstone of choice with diamond accents in cocktail rings, a centrepiece of engagement rings or a variety of diamond jewellery from pendants to earrings.

Aquamarine is the birthstone for the month of March. For any additional inquiries, please contact us at info@edwardsanddavies.com or 416-698-7880.

Amethyst – February’s Purple Prize

While many gemstones can achieve the colour purple, the natural glow of an amethyst and its timeless association with royalty makes it the most renowned of all purple gems. At one time, perhaps due to its connection to monarchy, the amethyst was as valuable as the emerald or sapphire. In today’s market the amethyst is an affordable gem which contributes both style and sophistication to any piece of jewellery.

The worAmethyst-Month-7-1024x731d “amethyst” is a Greek word meaning “without drunkeness” due to its ancient use as a stone of sobriety and protection from poison. As a gem, it possesses a unique quality known as colour zoning which, depending on the angles of the cuts, can produce different shades and textures of purple. It is a variety of quartz and is found in locations worldwide. Of all available quartz, amethyst is the most valuable and prized form.

Amethyst is most prevalent as small pyramid-like structures and can often be found within the internal lining of rock formations known as geods. These are geological structures of various sizes occuring in sedimentary and volcanic rock. In some areas, such as Mexico, massive prisms of amethyst have been discovered and are highly sought after by collectors. Only two locations in Canada are known to contain significant deposits of amethyst, the Bay of Fundy and Thunder Bay.

In addition to being the birthstone of February, amethyst is also a symbol of understanding and philosophy; many members of the Catholic church wear ameythyst to accent this quality.