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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a ho-hum 62-65-130. The TSX Venture Exchange gained one point to 771 while polished diamond prices fell 0.1 per cent. Lukas Lundin's Lucara Diamond Corp. (LUC) lost three cents to $2.74 on 320,000 shares. Lucara's stock traded well above $4 last summer and was above $3.30 in early May, but it has been drifting lower on a lack of exciting news. The company still has not sold its 1,113-carat diamond, nor has it recovered any more stones anywhere close to it in size.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), up one-half cent to 17 cents on 263,000 shares, has finally rolled out its plan for a summer exploration program at Chidliak, its promising diamond project on southeastern Baffin Island. For several months, Peregrine held off revealing its plan, leading investors to speculate that a deal with a potential co-venturer was in the works. Indeed, Peregrine fuelled the fire early this year, saying that it was "in discussions with a number of groups" regarding the continued development of Chidliak, adding that it was also "continuing discussions with various entities regarding various options to finance future work programs and advance Chidliak towards commercial production."

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