Thank you, Mr. Speaker. We are very pleased to be able to work closely with committee on developing this Diamond Policy. We have been working with them every step of the way. We met with them in November. We fully briefed them on the old Diamond Policy and what areas needed to be changed. We certainly appreciated

the direction we received from committee. We have gone out to consultation. We want to make sure we do this properly, make sure that due process is followed and we have consulted internally first. There are a number of other government departments that play a very important role in promoting and delivering on the secondary diamond industry in the Northwest Territories. We have also consulted externally. We have had to consult with stakeholders such as the producing diamond mines, manufacturers and now we are in the process of analyzing what we have heard. We fully expect that we will finalize our policy within the next two to three months. We do continue to have well-functioning secondary diamond industry. We continue to have people working and cutting and polishing diamonds. Thank you, Mr. Speaker.