2005

Lack of Diamonds Collapses Leviev's Canadian Deal

March 2005

A lack of diamonds prompted Lev Leviev’s pullout on a deal to buy the Sirius Diamond cutting and polishing plant from the Canadian government.

The Northwest Territories, which forced Sirius into receivership last summer, has lost $3 million.

Leviev apparently could not establish a deal with Canadian mines for rough.

According to CBC News, Diavik spokesman Tom Hoefer would not say why the mine would not strike a deal with Leviev.