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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a positive 62-52-144. The TSX Venture Exchange gained eight points to 669 while polished diamond prices inched upward. Ken MacNeill and George Read's perpetual Saskatchewan diamond promotion, Shore Gold Inc. (SGF) closed unchanged at 19.5 cents on 436,000 shares. The stock has churned through another cycle, returning to its usual perch from a mid-April high of 25 cents, as the company awaits environmental approval and financing for its huge mine.
Lukas Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) lost three cents to $3.94 on 1.30 million shares. The company has sold the 813-carat diamond it recovered last fall from its Karowe mine in Botswana for a magnificent $63-million (U.S.) -- the most ever paid for a rough diamond. As well, Lucara will get a 10-per-cent share of the profit when the buyer, Dubai-based Nemesis International DMCC, sells the cut gems. Lucara's share price has more than doubled since the company recovered the gem and its bigger sister, the 1,109-carat Lesedi La Rona, in mid-November.
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