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Lack of Diamond in Industry Will Lead To Purchase New Diamond Plants

2005: Lack of Diamond in Industry May Increase the Prices of Diamond

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.


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