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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a negative 48-61-157 as the TSX Venture Exchange fell nine points to 653 and -- this is getting stale -- set a new 15-year low at 649.86. Polished diamond prices fell 0.1 per cent but one diamond company had a good day despite the gloom. Robert Gannicott's Dominion Diamond Corp. (DDC), less than $13 in May, jumped 70 cents to $20.67 on 487,000 shares. The company is doing better than predicted at Ekati and Diavik, and as a result it will resume paying dividends. The amount will not be set until spring says Brendan Bell, who is acting CEO while Mr. Gannicott takes three months medical leave. Whatever the payment, the amount will undoubtedly be a small fraction of the 25 cents the company paid quarterly in the mid-2000s, since Dominion will need several hundred million dollars over the next several years for its mines at Jay and A-21. Marc LeVier's Great Western Minerals Group Ltd. (GWG) fell one-half cent to three cents on 1.67 million shares. The company wants to build a $120-million rare earth mine at its tiny but very rich Steenkampskraal deposit in South Africa but is struggling to raise the cash.

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