Korite is the largest commercial producer of
ammolite
Ammolite is an opal-like organic gemstone found primarily along the eastern slopes of the Rocky Mountains of North America. It is made of the fossilized shells of ammonites, which in turn are composed primarily of aragonite, the same mineral co ...
. The company produces natural ammolite gemstones and jewelry. Korite is based in
Calgary, Alberta, Canada. The firm's sister company,
Canada Fossils Ltd., provides it with
ammonites and other
fossil
A fossil (from Classical Latin , ) is any preserved remains, impression, or trace of any once-living thing from a past geological age. Examples include bones, shells, exoskeletons, stone imprints of animals or microbes, objects preserved ...
s. It is a member of the
American Gem Trade Association.
On September 27, 2007, an ammonite fossil 80 million years old and 60 cm (two ft) in diameter of ammonite made its debut at the Museum of Natural History. Neil Landman, curator, said that it became
extinct 66 million years ago, at the time of the dinosaurs. Korite donated it after its discovery in Alberta.
Korite received
creditor protection on June 30, 2020. The company reported losses of
C$2.4 million in anticipated sales due to the cancellation of trade shows because of the
2019–20 Hong Kong protests, and a further $6.1 million loss of anticipated sales due to the
impacts of the COVID-19 pandemic.
References
External links
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Canada Fossils Ltd.
Companies based in Calgary
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