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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a poor 38-56-157. The TSX Venture Exchange fell two points to 614 -- another record low -- while polished diamond prices fell one per cent. Robert Gannicott's Dominion Diamond Corp. (DDC) gained 39 cents to $16.58 on 536,000 shares. Dominion's stock is off $8 since early June, presumably the result of investor worries about falling rough diamond prices. Nevertheless, Dominion's CEO, Brendan Bell, says the company's annual dividend of 40 (U.S.) cents is sustainable. Will Randall's Rodinia Lithium Inc. (RM) gained one cent to 3.5 cents on 1.51 million shares. The company has had no news since it issued 33.7 million shares at five cents to cancel $1.69-million in debt.

Dean Taylor's Diamcor Mining Inc. (DMI), up five cents to $1.10 on 17,000 shares, has sold 2,856 more carats from its Krone-Endora at Venetia diamond deposit in South Africa. The gems sold for an average of $159 (U.S.) per carat. The company sold 4,619 carats in its previous quarter at an average of $182 (U.S.) per carat. The cash from these sales are not diamond revenues and the diamonds are not production; the regulators get grumpy at such suggestions concerning a project without so much as a dream sheet to support a formal mining decision. Having run afoul of the regulators a few years ago for using such terms, Mr. Taylor now says his diamond recoveries and sales were "incidental to the continuing commissioning and testing exercises" taking place at the company's project -- as though the diamonds leapt out of the rock by surprise. These ongoing exercises, which have been going on for over two years in a long-running bulk sampling program, have incidentally resulted in Diamcor having sold over 30,000 carats at just over $210 (U.S.) per carat so far.

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