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New York, NY--The Natural Diamond Council (NDC) announces that Arctic Canadian Diamond Company Ltd. (ACDC) has joined as a new NDC member, effective immediately. The company, formed and owned by funds and accounts managed by DDJ Capital Management, Brigade Capital Management, LP and Western Asset Management Company, LLC, has acquired the assets of Canada's Ekati Mine in the Northwest Territories. Image: a loose diamond from Arctic Canadian Diamond Company.

Kristal Kaye, chief financial officer of Arctic Canadian Diamond Company, will join the NDC board of directors.

NDC chairman Stephen Lussier said, “I am delighted to welcome Arctic Canadian Diamond Company to the NDC and Kristal to our board of directors. We greatly appreciate their desire to participate in the growth of the industry and we look forward to working together to expand the voice of the NDC.”

“We look forward to partnering with the Natural Diamond Council and its six current members to protect and promote the integrity of the modern diamond jewelry industry," adds Kaye. "When managed responsibly, natural diamonds have a meaningful impact on the communities where they are found, and we’re proud to share the story of our diamonds with consumers worldwide.”

Natural Diamond Council members are committed to the sustainable growth of the diamond jewelry industry while protecting the highest standards of integrity in all aspects of the diamond value chain. The natural diamond industry supports the livelihood of 10 million people, providing much valued economic and social benefits and creating a positive legacy for the communities in diamond-producing regions, often in some of the most remote areas of the earth.