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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a 57-57-138 draw. The TSX Venture Exchange fell fractionally to 692 while polished diamond prices gained 0.3 per cent. Patrick Power's diamond explorer, Arctic Star Exploration Corp. (ADD) lost one-half cent to 4.5 cents on 226,0000 shares. The company dropped diamonds from its name after the late 2000s recession but began acquiring new gem plays in Canada's North a few years ago. Now it needs cash to explore them. Frank Smeenk's beleaguered chromite explorer, KWG Resources Inc. (KWG) lost one-half cent to two cents on 8.67 million shares. KWG also owns a substantial stake in its sister company, Debut Diamonds Inc. (DDI: $0.005), thanks to stock buys, share transfers and debt settlements. KWG transferred its Northern Ontario diamond properties to Debut several years ago to focus on chromite in the Ring of Fire district of Northern Ontario. Unfortunately, grumpy locals and intransigent bureaucrats have snuffed out most of the market's interest in the Ring of Fire area play.

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