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Commodities

Rising Asian diamond demand tempts De Beers

Close to the Arctic Circle in Canada's Northwest Territories, De Beers' Gahcho Kue diamond mine is reached by a 400km ice road to the provincial capital. (Photo by Peter Guest).

GAHCHO KUE, Canada -- Just to the south of the Arctic Circle, in the tundra of Canada's Northwest Territories, the speckled wilderness of scrub and silver lakes is split by a pit blasted into the granite. Giant Komatsu trucks pick across the landscape, tiny against the broad horizon of Gahcho Kue, the largest new diamond mine to be opened anywhere in the world for more than a decade.

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