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Polar Ice worth cool million: Diavik diamonds on weekend display

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  • Polar Ice worth cool million: Diavik diamonds on weekend display

    Edmonton Journal (Alberta)
    April 30, 2004 Friday Final Edition

    Polar Ice worth cool million: Diavik diamonds on weekend display

    by Paul Marck

    EDMONTON - When Chad Snider is polishing a diamond, his sense of
    sound is as keen as his sight and his touch as he carves out edges
    and facets to the rough gem-stone.

    "You can hear it when something's not right," says the 23-year-old
    from Yellowknife, originally from Lloydminster. If there is a crack
    or other imperfection in the jewel, the sound it makes grinding on a
    spinning, diamond-dust covered cast-iron wheel is different from that
    of an unblemished stone.

    Snider is in Edmonton for a weekend promotion at Crowley's Jewellers
    and Goldsmiths in Kingsway Mall, featuring $1-million worth of
    Canadian Polar Ice diamonds.

    Snider has been a professional, certified diamond polisher for the
    past three years, after graduating from an apprenticeship program in
    Armenia.

    He works for Arslandian Cutting Works, an Armenian-based gem outfit
    that is among three international and one domestic cutting and
    polishing shops in Yellowknife that finish Canadian diamonds from the
    Diavik mine. Arslandian is the biggest diamond polisher in Canada,
    with more than 50 certified staff.

    So, what is it about diamonds?

    "The best part of it is the romance of the stone," says Snider.

    "When you think of what it means in love, in marriage, it's the
    ideal."

    Snider said the prime traits that make a good diamond polisher are
    patience and confidence.

    "Mistakes happen," he says of the fractures, inclusions and human
    errors that detract from a diamond's value.

    While retail diamonds are often sold in half-carat valuations, gem
    cutters work in much smaller dimensions, .015 of a carat, in grinding
    the rough stone.

    "If you go under a fraction of that, it's a lot of money lost," says
    Snider.

    "You've got to be able to adapt to different situations. If a mistake
    happens, you've got to pull through it."

    Shay Basal, owner of Montreal-based Basal Diamond Inc., which
    consigned the $1 million worth of gems to Crowley's, says as far as
    he is concerned, there are no inferior Canadian dia-monds. Basal
    deals in Polar Ice diamonds, one of two branded gems with
    certificates of authenticity and provenance issued by the N.W.T.
    government.

    Each one is laser etched with a logo and serial number, matched to
    the certificate bearing its origin and when it was mined.

    Clarity and colour, the two prime factors in diamond value, are
    superior to just about everything else on the market, including
    leaders Botswana and South Africa.

    "There's no such thing in diamonds as rejects. What's beautiful about
    the Canadian rough is that it's all white."

    For jeweller Mary Crowley, the dozens of jewelry pieces featuring
    Polar Ice diamonds is an opportunity for her store to celebrate its
    10th anniversary and renovated location this weekend.

    "It's a grand opening. I just wanted to do something different and
    exciting."

    The two most valuable items in the sale are a $70,000 necklace,
    featuring 15.29 carats total in gems, and a single-stone ring valued
    at $59,000, its diamond a hefty 2.01 carats.

    [email protected]

    GRAPHIC: Colour Photo: Larry Wong, The Journal; Mary Crowley, owner
    of Crowley's Jewellers & Goldsmiths, holds a handful of rough
    diamonds valued at $50,000.; Colour Photo: Larry Wong, The Journal;
    Polisher Chad Snider works on one of a collection of Polar Ice
    diamonds worth more than $1-million at Crowley's Jewellers &
    Goldsmiths in Kingsway Garden Mall.
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