Arctic Sparkle is a subsidiary of Security Company. A family owned business with over 85 years in the diamond business.
We are members of the American Gem Society, Jewelers of America, Rappaport, Polygon and other trade organizations.
Our base of operations in Minnesota is only a 45 minute flight to Canada. This allows us easy access to the Canadian mines without the constraints and costly regulation of being based in Canada.Borrowed from Minerals and Metals Sector Natural Resources Canada For many years, the thought of finding diamonds in Canada was little more than a prospector’s dream. But that dream became a reality following the discovery, in the 1990s, of several world-class diamond-bearing deposits in Canada’s north. Diamond exploration began in Canada as early as the 1960s but major kimberlite discoveries were not made until the 1980s. In 1991, the first economic diamond deposit was discovered in the Lac de Gras area of the Northwest Territories. Canada became a diamond producer in October 1998 when the Ekati diamond mine opened about 300 kilometres northeast of Yellowknife. By April 1999, the mine had produced one million carats. Canadian Diamond Industry Canada’s diamond industry has now become an industry worth more than $2.0 billion with all indicators pointing to potential for future growth. Canadian diamond production in 2003 was about 11.6 million carats and in 2004 was 12.6 million carats. Diavik, Canada’s second diamond mine, began production in January 2003. During its projected 20-year life, average diamond production from this mine is expected to peak at six to eight million carats a year — about five percent of the world’s total supply. Ekati’s average production over its projected 20-year life is expected to peak at three to five million carats a year — four percent of world production by volume. Another three mines are scheduled to be opened: one at Snap Lake, about 220 kilometres northeast of Yellowknife, N.W.T.; Victor, near James Bay in Ontario; and Jericho in Nunavut. These mines will consolidate Canada’s position in world diamond production by value, third after Botswana and Russia. Cutting and Polishing Although there have been diamond polishing facilities in Canada for many years, the new mines triggered the construction of a number of factories in the Northwest Territories that now employ close to 100 people. One facility is majority-owned by the Yellowknife Dene First Nation. The largest of these facilities has an output of 2500 carats a month. There are cutting and polishing facilities in Vancouver, Winnipeg, Toronto, Montréal and Matane. Employment