Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Diamond Hunter

Most geologists have heard of Chuck Fipke but the "civilians" out there probably haven't. Wired Magazine just put out a great article on the man who started the Canadian diamond industry.

Eighteen years ago, there was no such thing as a Canadian diamond — as far as anyone knew. Diamonds came mostly from Australia, Botswana, South Africa, Namibia, and Russia. De Beers mined 75 percent of the world's output, much of it tainted by controversial "blood diamonds ," sold to fund African wars.

Stones from the Ekati Mine.
Photo: Andrew Hetherington

Today, Canada is the world's third-largest producer, by value, of rough stones.