De Beers gets bigger

Johannesburg-based De Beers, the world's biggest diamond company, has opened its first two diamond times outside Africa. The two mines, Snap Lake and Victor, are in Canada. Snap Lake, Canada's first underground diamond mine, is expected to reach full production of 1.6 million carats this year. Victor may produce 600,000 carats annually. Victor will employ about 560 people. Lake Snap will employ about 400 people.