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To: Glenn D. Rudolph who wrote (127804)	7/6/2001 2:39:26 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

July 5, 2001 Canada's Yellowknife Becomes A Diamond Town in the Rough public.wsj.com By Joel Baglole Staff Reporter of The Wall Street Journal Despite such obstacles, by 2005 Canada is expected to produce 12% of the world's diamonds by value -- $1 billion a year (660 million Canadian dollars) -- ranking it alongside South Africa as the world's third-largest diamond producer, behind Botswana and Russia, according to a government study. ........................................................................................................................ Mining industry officials accept the challenges because the diamonds from the Northwest Territories are of very high quality. The average value of Ekati's rough diamonds last year was $168 per carat. Rough diamonds valued at more than $100 a carat are considered extremely precious. Officials here hope to add even more value to the diamonds by appealing to the backlash against "blood diamonds" -- those mined in war-torn countries such as Sierra Leone.