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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a bleak 43-73-150. The TSX Venture Exchange fell four points to 720 while polished diamond prices slumped nearly 3 per cent. Robert Gannicott's Dominion Diamond Corp. (DDC), down one cent to $19.10 on 1.71 million shares, hit a six-year high of $19.35. Most of the volume came in an opening trade in which ITG Canada Corp. sold 1.33 million shares to National Bank. Negar Adam's Makena Resources Inc. (MKN) fell one-half cent to four cents on 966,000 shares. Makena is "dedicated to the aggressive pursuit of world-class mineral deposits," including the Murdochville aluminous clay and rare earth project in Gaspe. There is little sign of either dedication or aggression in Makena's latest report: Makena spent less than $10,000 on its properties through the summer.

Dean Taylor's Diamcor Mining Inc. (DMI: $1.13) has sold more diamonds from Krone Endora in South Africa. Diamcor has sold a total of $5.6-million (U.S.) of diamonds since it began a never-ending bulk sample last year. ("Mining" would be a better term but the regulators insisted last year that Mr. Taylor not use words like "mining" or "production" when touting Krone Endora. They worry that Diamcor did not bother with a prefeasibility study or an updated resource update since it bought the deposit from De Beers for $2-million in the late 2000s.)

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