The California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
By 2019, De Beers Will Be Down to 1 Active Mine in Canada
The Victor open-pit diamond mine will cease operations in early 2019, leaving only Gahcho Kué.

Calgary, Canada--De Beers announced late Wednesday that it plans to close one of the two active diamond mines it has in Canada.
The open-pit Victor mine in northern Ontario opened in 2008 and was projected to produce 6 million carats of rough diamonds during its lifetime. To date, the mine has produced 7 million and De Beers said the decision to close it is in line with the original feasibility study and current life-of-mine plan.
Tom Ormsby, De Beers Canada spokesman, said the company will gradually reduce the workforce at Victor over the next 16 months.
Not including contractors, De Beers employees will number 350 in January 2018, 277 in December and then go down to 79 for the decommissioning, demolition, reclamation and environmental monitoring phase that will take place after mining and processing ends.
De Beers has been operating in Canada since 1961, when it first began exploring for diamonds there.
The company came across the Victor kimberlite cluster, the first economically viable diamond discovery in Canada, in 1987 and opened the Victor mine in 2008.
The closure of the Victor a little more than a year from now will leave De Beers with one operating mine in Canada, Gahcho Kué, and the news comes just a week after De Beers all but confirmed reports that it will shut down four land diamond mines in Namibia by 2022.
Outside of Victor and Gahcho Kué, De Beers has the underground Snap Lake Mine in Canada but that mine has been inactive since December 2015.
De Beers said that it developed a mine closure plan before Victor opened and already has started reclamation work on the land, including the planting of more than 200,000 tree saplings and willow stakes that were harvested and grown locally through a community youth work program.
After mining ceases in early 2019, the demolition and environmental monitoring phase will begin and will take three to five years.
De Beers said it will be hiring people and awarding contracts for this phase of the mine’s shutdown, supplementing the 79 employees expected to remain employed after Q1 2019.
Editor's note: This story was updated post-publication to include information obtained from De Beers about employment numbers at the mine.
The Latest

A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.

The deadline to apply is Nov. 13.

Submit your pieces for a chance to win in this year's competition.

The auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.


Zaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.

Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.

The “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.

Nelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.

Cat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.

Arnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.

The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.

The stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.

Engagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.

Former Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.

The veteran luxury packaging executive was appointed to help the company grow its North American business.

Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.

The “Worn Well” collection is Catbird's take on classic men's jewelry.

This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.

The employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.

The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.

The package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.

The new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.





















