Thank you, Mr. Speaker. I recently travelled to Europe where I met with Canadian embassy officials, the Central Selling Organization, and a number of diamond manufacturers to promote investment in the Northwest Territories diamond industry. In meetings with Embassy officials in London and Brussels, we emphasized the need to promote the opportunities associated with diamond-related investments in the NWT to the diamond industry in London and Belgium. We received a favourable response from embassy officials and they indicated a willingness to provide support for our endeavours. The Central Selling Organization was encouraged to consider opening an office in the NWT. In their role as industry leaders, and in recognition of the potential of their diamond exploration projects, the presence of a De Beers office with a De Beers sign would contribute towards the development of the NWT as a diamond centre. It would also demonstrate their willingness to join our northern business community as full partners. Mr. Speaker, during the two days in Antwerp, I met with six diamond manufacturers who are interested in establishing cutting and polishing facilities in the NWT.
All of these manufacturers are significant players in the diamond industry. A number are developing proposals to cut and polish diamonds in the NWT. We anticipate receiving at least three and as many as five proposals within the next few months from Antwerp-based manufacturers. These companies may join other parties from Canada and the United States that are already interested in participating in the investment opportunities in the NWT. The critical element in making the NWT attractive as a cutting and polishing centre is a guaranteed long-term supply of high-quality rough diamonds direct from the mine. We will continue to work with BHP Diamonds and future producers to ensure that this need is met. Thank you.
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