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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a positive 74-66-122. The TSX Venture Exchange gained three points to 793 while polished diamond prices dipped 0.1 per cent. Matt Manson's Stornoway Diamond Corp. (SWY) dropped two cents to 65 cents on 518,000 shares. The company said after the close that it lost $3.1-million in its third quarter.

What is now Dennis Washington's Dominion Diamond Corp. (DDC) traded its last today as a public company, dropping four cents to $18.28 on 876,000 shares. The stock stopped trading a day earlier in New York, at $14.24 (U.S.) per share, as Mr. Washington's private Washington Companies has completed its acquisition of Dominion through a cash offer of $14.25 (U.S.) per share. Washington acquired all 81.9 million Dominion shares, paying just over $1.5-billion for them.

While many shareholders were disappointed by the offer, the price paid is a hefty sum considering that in 2012, Dominion, then run by the late Robert Gannicott, paid just $500-million to acquire Ekati and the surrounding Buffer claims. The core pipes at Ekati and at Dominion's 40-per-cent-owned Diavik mine are nearing the end of their productive lives, so it appears that Dominion's crew did a good job of building shareholder value over the past five years despite falling rough diamond prices.

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