Official opening ceremony for the Jericho Diamond Mine: August 17, 2006. 

More than 140 guests and dignitaries attended the opening ceremony at the mine-site, including The Right Hon. Stephen Harper, Prime Minister; The Hon. Paul Okalik, Premier of Nunavut Territory; The Hon. James Prentice, Minister of Indian Affairs and Northern Development; Donald Havioyak, President of the Kitikmeot Inuit Association and James Eetoolook, Nunavut Tunngavik Vice-President.



The Jericho Diamond Mine, located in Nunavut and approximately 400 km northeast of Yellowknife, NT, is wholly-owned by Tahera Diamond Corporation. The mine represents Canada’s third, and Nunavut’s first, diamond mine.

Tahera's diamond purchase and marketing agreement with Tiffany & Co. ensures that the Company receives competitive market prices for its Jericho diamonds. Pursuant to the agreement, Tiffany will purchase or market all of the diamond production from the mine.  In addition, Tiffany provided Tahera with a $35 million CAD loan facility to assist in financing construction of the project. The Company amended the credit facility with Tiffany to also provide an $8 million working capital facility.