Is the Arctic home to "tons" of diamonds?

"...The Arslanian Cutting Works is one small part of a multibillion-dollar Canadian diamond industry. This company at the top of the world has grown from nothing to something in less than two decades. Its manager, Bob Bees, says some diamonds are imprinted with a microscopic polar bear. "Our diamonds are special, because not only are they mined in Canada, they're manufactured in Canada," Bees says. And it's implied that part of the value of these diamonds is that they are not from a war zone..."

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Courtesy - npr.com