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Jennifer Wells: How Canada’s dazzling future in diamonds ended in fraud charges

Jennifer Wells: How Canada’s dazzling future in diamonds ended in fraud charges
Business
Recent moves by firms like Tiffany to push for the responsible sourcing of gems through highly complex supply chains lead to greater transparency in the industry.  (JEENAH MOON / NYT)

The open pit at the Diavik Diamond Mine in the Northwest Territories.  (Ben Nelms / Bloomberg)

The news from Tiffany & Co. of a diamond provenance initiative is welcome. Steps the company has taken as of this week — providing geographic sourcing information for individual diamonds — will be ramped up in 2020 when the New York jewelry house begins sharing the “craftsmanship journey,” as in, where those stones were turned into princess-cut bedazzlers. Do you want your diamond to be ethically sourced? Of course you do.
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