(thediamondloupe.com) - After a turbulent period, the sun finally shines on Arctic Canadian - quite literally - as the company’s reboot included the successful sale of the stunning 204-carat yellow "Dancing Sun" through a Christie’s auction earlier this month. The Arctic Canadian Diamond Company, formerly known as Dominion Diamond Mines, took possession of a 552-carat yellow diamond uncovered in October 2018 at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada’s Northwest Territories. The Diavik mine is partially owned and operated by Rio Tinto's operations in Canada. Abrasion markings on the rough stone’s surface attest to the difficult journey the gemstone underwent during recovery. Measuring 33.74mm x 54.56mm and weighing exactly 552.74 carats, a diamond of this size and magnitude was unexpected for this part of the world, a true milestone for diamond mining in North America. Following the recovery of the rough diamond in 2018, the polished diamonds made their public debut in 2021. The “Dancing Sun,” a fancy intense yellow diamond of 204.36 carats with VVS2 clarity sold at Christie’s New York Magnificent Jewels auction. The cushion-modified brilliant-cut diamond went under the hammer for US$ 4.95 million, well within the pre-auction estimate of US$3.5 million - US$5.5 million. The Diamond Loupe sat down with Harsh Dalal, VP of Sales at the Arctic Canadian Diamond Company to find out more about their rebooting strategy and the "Yellow Sun".
News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Yesterday
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Yesterday
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Yesterday
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Yesterday
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
13 october 2026
