Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

NWT Premier Wants Share Of Diamond Royalties, Criticizes DB

September 10, 03 by Edahn Golan

Northwest Territories Premier Stephen Kakfwi met yesterday (Tuesday) with Canadian Prime Minister Jean Chretien during a series of meetings aimed at supporting the NWT diamond industry.

 


Premier Kakfwi

Kakfwi met with Prime Minister Jean Chretien, hoping to lend a deal that will award the Territories with a share of royalties from diamonds mined in the region.

 

However a comment he made during an interview with The Globe and Mail in New York on Monday caused a hullabaloo. Premier Kakfwi is quoted saying, “De Beers does not want to identify the source of its diamonds because a huge portion comes from countries of dubious character”, which was quickly interpreted as an accusation of selling conflict diamonds.

 

In response to his comments a De Beers spokesperson says, "The comments Premier Kakfwi made are factually incorrect. This is borne out by the positive comments by others in the industry that are also contained in the [The Globe and Mail] article."

 

De Beers is currently in a licensing and permits stage to allow it to mine in Snap Lake in the NWT.

Diamond Index
Related Articles

Canadian Premiers to Launch a National Diamond Strategy

July 17, 03 by Chaim Even-Zohar

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter