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Your World Tonight
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Canada's Diamond Industry at a Crossroads
This chapter investigates the decline of Canada's diamond mining sector, notably following the closure of a key mine in the Northwest Territories and the resultant job losses. It emphasizes the growing consumer preference for lab-grown diamonds, which poses a significant threat to traditional diamond mining. As experts warn of potential industry extinction by 2031, the chapter highlights the implications for local economies and the changing perceptions of diamonds' luxury status.
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