35-carat Diamond Unearthed from De Beers Canada Mine

The Toronto Star reported that a 35-carat diamond from De Beers Canada’s Ontario-based Victor diamond mine is the largest Canadian diamond that will also be cut and polished on the country’s soil.

As quoted in the market news:

‘It will be valued once it’s done being cut and polished,’ said [Tom] Ormsby [of De Beers], who declined to say how much Vancouver-based diamond cutter Crossworks Manufacturing paid to process the precious gem.

The Canadian company, which has a contract to buy as much as 10 per cent of the annual diamond production from the De Beers’ Victor mine, started working on the diamond this week, said Ormsby.

The stone will ultimately be carved down to 15 carats, and will be shaped according to the Crossworks ‘Ideal Square’ design that features a special ‘hearts and arrows’ pattern. It will also be taken on an international tour to promote Ontario diamonds, Ormsby said.