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 con ...
. The company produces natural ammolite gemstones and jewelry. Korite is based in
Calgary
Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...
, Alberta, Canada. The firm's sister company,
Canada Fossils Ltd.
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world ...
, provides it with
ammonite
Ammonoids are a group of extinct marine mollusc animals in the subclass Ammonoidea of the class Cephalopoda. These molluscs, commonly referred to as ammonites, are more closely related to living coleoids (i.e., octopuses, squid and cuttlefish) ...
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 preserved ...
s. It is a member of the
American Gem Trade Association
American(s) may refer to:
* American, something of, from, or related to the United States of America, commonly known as the "United States" or "America"
** Americans, citizens and nationals of the United States of America
** American ancestry, pe ...
.
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
Extinction is the termination of a kind of organism or of a group of kinds (taxon), usually a species. The moment of extinction is generally considered to be the death of the last individual of the species, although the capacity to breed 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
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