Zircon macrocrysts in (sub)volcanic silica-undersaturated rocks are an important source of information about mantle processes and their relative timing with respect to magmatism. The present work describes variations in trace element (Sc, Ti, Y, Nb, lanthanides, Hf, Ta, Pb, Th, and U) and isotopic (U-Pb) composition of zircon from the Drybones Bay kimberlite, Northwest Territories, Canada. These data were acquired at a spatial resolution of ≤100 µm and correlated to the internal characteristics of macrocrysts (imaged using cathodoluminescence, CL). Six types of zircon were distinguished on the basis of its luminescence characteristics, with the majority of grains exhibiting more than one type of CL response. The oscillatory-zoned core and growth sectors of Drybones Bay zircon show consistent variations in rare-earth elements (REE), Hf, Th, and U. Their chondrite-normalized REE patterns are typical of macrocrystic zircon and exhibit extreme enrichment in heavy lanthanides and a positive Ce anomaly. Their Ti content decreases slightly from the core into growth sectors, but the Ti-in-zircon thermometry gives overlapping average crystallization temperatures (820 ± 26 • C to 781 ± 19 • C, respectively). There is no trace element or CL evidence for Pb loss or other forms of chemical re-equilibration. All distinct zircon types are concordant and give a U-Pb age of 445.6 ± 0.8 Ma. We interpret the examined macrocrysts as products of interaction between a shallow (<100 km) mantle source and transient kimberlitic melt.