Thank you, Mr. Speaker. I think I heard two questions there. I think we have no problem with the Canadian diamond industry growing. We think it’s to the benefit of the Northwest Territories, and certainly with a strong diamond sector, we can change the definition of a Canadian diamond, which will be to our benefit. We don’t believe that we are falling behind, but there are some challenges.
Everybody knows that it’s much more difficult and more costly to operate up here in the Northwest Territories. Secondly, the provinces where these operations are being conducted, Ontario, Saskatchewan, they are provinces. We are a Territory. They collect royalties and they reinvest it in the diamond industry, whereas our royalties go to the federal government who have not seen fit at all to invest in the diamond industry.
Another factor is we have a diamond policy. A large part of our diamond policy, which is the provision of loan guarantees, has been eliminated. So we have undertaken a review of our diamond sector and we will be presenting our recommendations with regards to what we should be doing to revitalize and improve our diamond manufacturing.
I should point out, also, that we do have three manufacturing facilities that are still, compared to other jurisdictions, a leader in this area. Thank you, Mr. Speaker.