Friday, December 23, 2011

Crossworks to Cut De Beers Diamonds Worth C$35M Over 3 Years

Canada’s Sudbury-based Crossworks diamond manufacturer is expected to nearly double its workforce now that the company has won a three-year contract to cut some C$35 million from De Beers’ Victor Mine, the CBC reports.

According to the Ministry of Northern Development and Mines, De Beers Canada has an agreement to offer 10% of the rough diamonds produced at the Victor Mine for sale to be manufactured in Ontario.

Currently, Crossworks’ Sudbury plant employs a workforce of 29, a number that is expected to increase to 50. Due to a lack of qualified diamond cutters and polishers in Ontairo, the company will invest in training the new workers.

-Israeli Diamond Industry

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