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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a mediocre 54-62-146. The TSX Venture Exchange lost two points to 791 while polished diamond prices edged higher. Peter Dasler's Canalaska Uranium Ltd. (CVV) lost one cent to 59 cents on 117,000 shares. The stock slumped as low as 41.5 cents last week after De Beers Canada quit the company's Athabasca diamond project, but it has recovered the lost ground without further news.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), up one cent to 22.5 cents on 374,000 shares, is cutting costs while it seeks to advance its Chidliak diamond project on Baffin Island. In one austerity move, Peregrine will share Mr. Peregoodoff, its president and chief executive officer, with Robert Friedland's Kaizen Discovery Inc. He replaces Eric Finlayson, who had held the job on an interim basis since spring and will remain with Kaizen as a director. Mr. Finlayson, a former Rio Tinto man, has also been president of Robert Friedland's High Power Exploration Inc. for the past three years. (The two Friedland brothers are major investors in Peregrine, the larger of the two companies.)

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