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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a horrid 26-71-154. The TSX Venture Exchange fell 12 points to 667 while polished diamond prices inched higher. Matt Manson's Stornoway Diamond Corp. (SWY) fell one cents to 84 cents on 1.52 million shares. Construction of the company's $850-million Renard diamond mine in Northern Quebec is on schedule and within budget. Stornoway is also updating its resource for several Renard pipes. David Fennell's Reunion Gold Corp. (RGD) fell one-half cent to one cent on 3.64 million shares. The company is supposedly working a manganese play in Brazil. If so, it is a big secret. Mr. Fennell, usually one of Howe Street's chattier promoters, learned his trade years ago: A top defensive linebacker in the Canadian Football League, he touted himself as "Doctor Death."

Dean Taylor's Diamcor Mining Inc. (DMI), down eight cents to $1.20 on 3,000 shares, is "working towards" a new grade estimate for its Krone-Endora at Venetia alluvial diamond deposit in South Africa. The company updated its 2009 estimate in April, but only for tonnage. That revision lists well over 50 million tonnes of gravel but most of it has an unpromotable grade, or at least it did in 2009. The zone of interest, K1, hosts 19.5 million tonnes containing 1.19 million carats. About 14.6 million tonnes of material reside in the upper zone, and at an average of 0.035 carat per tonne it hosts 502,000 carats. Another 5.0 million tonnes in a deeper, basal zone averages 0.127 carat per tonne, enough for 632,000 carats.

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