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Northwest Territories' Diamond Mines Set to Close, Jobs at Risk

12/10/2025

50 9 Full Breakdown

Summary

Story summary

The Northwest Territories face an economic downturn as all three diamond mines will close by the decade's end.
First mine, owned by Rio Tinto, will shut down in March due to reduced demand for natural diamonds.
Tariffs imposed by U.S. President Donald Trump on India, the diamond-processing hub, have raised costs for finished gems.
The closures will impact local employment, particularly among Indigenous communities integral to the mining boom.

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Story summary

The Northwest Territories face an economic downturn as all three diamond mines will close by the decade's end.
First mine, owned by Rio Tinto, will shut down in March due to reduced demand for natural diamonds.
Tariffs imposed by U.S. President Donald Trump on India, the diamond-processing hub, have raised costs for finished gems.
The closures will impact local employment, particularly among Indigenous communities integral to the mining boom.