canadian diamonds

Two Canadian Diamond Companies In Receivership

Filed under: Jewelry

Canadian diamond and diamond jewelry wholesalers Polar Ice Diamonds and Polar Bear Diamonds, part of Arslanian Cutting Works, have entered receivership. The Ontario Superior Court of Justice lists a variety of creditors including several diamond companies. The court documents debts totaling over $40 million. The court-appointed receiver, RSM Richter, has stated that it's not clear if the assets of these two companies will be enough to fully repay the creditors.

Polar Bear Diamonds hail from the first diamond mine in the Northwest Territories of Canada, where they are also cut and polished in Yellowknife. The diamonds also have a tiny polar bear engraved on the girdle. Polar Ice Diamonds are also mined, cut and polished in Canada.

Gallery: Polar Bear Diamonds Ad Campaign

Tags: canadian diamonds, diamonds, polar bear diamonds, polar ice diamonds

Guilt-Free Designer Diamonds

by Jaime El-Helw (RSS feed) —

Filed under: Jewelry, Celebrity Shopping, Charity

Ok, we all saw the movie The Blood Diamond a while back and can no longer avoid contemplating the probability that the sparkly rocks on the market today were perhaps obtained by violence, human-rights abuses, child-labor, or environmental destruction. I practically swore-off buying diamonds all-together after seeing the movie -- for about a week. As conscientious consumers, we therefore must seek out alternative and ethical sources for our need to shine. Poom Fine Jewelry is one of these sources; not only does Poom use "conflict-free" diamonds, but she donates a portion from every sale to various local animal charities. Her designs are unique and current, yet simple and timeless. She has designed for important brides-to-be, movie stars, and has been featured in Elle Magazine numerous times. Her current collection includes very fashionable pieces such as cocktail rings, modern bangles, and circle-motif earrings meant for those of us who still value the elegant understatement in jewelry design. This creation, cleverly-named "Mr. Big" in 18K rose-gold, diamonds, and pink-sapphires, forecasts the hottest upcoming trend in diamond pendant forms: the circular disc. Stay envious and ahead of the rest all the while knowing that with your purchase, you may have saved a child from horrid working conditions and a goat from starvation. "Mr. Big" retails for $5,000.

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