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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a ho-hum 49-55-147. The TSX Venture Exchange rose fractionally to 678 while polished diamond prices rose 0.3 per cent. Lukas Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) fell four cents to $1.99 on 1.48 million shares. The company continues to produce high-quality diamonds at its Karowe mine in Botswana and will hold its next sale of large gems in July. The company will offer 16 diamonds, including six that weigh at least 100 carats. Among them will be the 342-carat rock that Lucara mined in April. The special sales account for only a few thousand carats of Karowe's annual production of over 400,000 carats, but they account for about half the mine's revenue. Roy Bonnell's Argex Titanium Inc. (RGX) gained two cents to 14.5 cents on 2.64 million shares. Argex slumped from 42.5 cents to 12 cents after it proposed and then cancelled a private placement of 37-cent shares. The company has been touting plans for a $250-million titanium dioxide production facility near Montreal. Mr. Bonnell now says Argex will also "pursue other alternatives," including joint ventures and licencing arrangements.

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