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What is Yellowknife known as?

  1. The capital of the Yukon

  2. The diamond capital of North America

  3. The gold capital of Canada

  4. The oil capital of Alberta

The correct answer is: The diamond capital of North America

Yellowknife is actually the capital city of the Northwest Territories, not the Yukon. D is incorrect because Yellowknife is not located in Alberta, and it is not known for its oil production. C is incorrect because Yellowknife is not known for gold production, but rather for its diamond mines. This has earned it the title of "diamond capital of North America".