Diavik Diamond Mine
Overview
 
The Diavik Diamond Mine is a diamond
Diamond
In mineralogy, diamond is an allotrope of carbon, where the carbon atoms are arranged in a variation of the face-centered cubic crystal structure called a diamond lattice. Diamond is less stable than graphite, but the conversion rate from diamond to graphite is negligible at ambient conditions...

 mine
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...

 in the North Slave Region
North Slave Region
The North Slave Region is one of five administrative regions in the Northwest Territories. The region consists of eight communities with the regional offices situated in Behchoko and Yellowknife. With the exception of Yellowknife the communities are predominately First Nations.-Communities:The...

 of the Northwest Territories
Northwest Territories
The Northwest Territories is a federal territory of Canada.Located in northern Canada, the territory borders Canada's two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, and Alberta and Saskatchewan to the south...

, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, about 300 kilometres (186.4 mi) north of Yellowknife
Yellowknife, Northwest Territories
Yellowknife is the capital and largest city of the Northwest Territories , Canada. It is located on the northern shore of Great Slave Lake, approximately south of the Arctic Circle, on the west side of Yellowknife Bay near the outlet of the Yellowknife River...

.
It has become an important part of the regional economy, employing 700, grossing C$
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...

100 million in sales, and producing 8 million carats (1600 kg (3,527.4 lb)) of diamonds annually. The area was surveyed in 1992 and construction began in 2001, with production commencing in January 2003.
 
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