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 commonly unearthed by natural erosion or through the process of various mining practices, within the perimeter of ...

. The company produces natural ammolite gemstones and jewelry. Korite is based in

Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...

, Alberta, Canada. The firm's sister company, Canada Fossils Ltd., provides it with

ammonite Ammonoids are extinct, (typically) coiled-shelled cephalopods comprising the subclass Ammonoidea. They are more closely related to living octopuses, squid, and cuttlefish (which comprise the clade Coleoidea) than they are to nautiluses (family N ...

s 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 preserve ...

s. It is a member of the American Gem Trade Association. On September 27, 2007, an

fossil 80 million years old and 60 cm (two ft) in diameter of ammonite made its debut at the

American Museum of Natural History The American Museum of Natural History (AMNH) is a natural history museum on the Upper West Side of Manhattan in New York City. Located in Theodore Roosevelt Park, across the street from Central Park, the museum complex comprises 21 interconn ...

in New York. Neil Landman, curator, said that it became

extinct Extinction is the termination of an organism by the death of its Endling, last member. A taxon may become Functional extinction, functionally extinct before the death of its last member if it loses the capacity to Reproduction, reproduce and ...

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

*
Canada Fossils Ltd.
Companies based in Calgary {{Canada-company-stub