Thank you. We are involved in a new industry here that is value-added to the diamond industry over the last three years. We have three manufacturing companies that we have helped get off the ground here. They are making their way through this industry. They are learning and we are also learning as a government about the whole diamond industry.

What we know today is that because of the debate over the conflict diamonds, or the blood diamonds, in the world where diamonds are acquired from a country in conflict to finance their war and so forth, the fact that we could track diamonds from our diamond mines through the polishing and cutting and certifying it to be pure, natural, authentic arctic diamonds, northern diamonds, I think is the future.

We are told by diamond dealers in the States and in southern Canada that is going to be the future. We have access to a very high quality of industry here so we have to do it right. We want to do it right.

The polar bear has always been the symbol for the Northwest Territories for over 30 years and the relationship between our symbols as the Government of the Northwest Territories being the polar bear is significant to the marketing aspect of it. There is a very high premium related to the fact that we have pure natural diamonds that could be traceable and certified. If we could use our symbols to help the manufacturers market it, we are in support of that. Thank you.