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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a poor 32-59-160. The TSX Venture Exchange set yet another record low, falling five points to 592, while polished diamond prices edged upward. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) slumped to $15.26 in intraday trading but closed up two cents to $15.97 on 661,000 shares. Dominion is well off its May high of $24.60 despite strong diamond production, presumably because of worries about slumping prices for rough. Mark Smith's Niocorp Developments Ltd. (NB) gained two cents to 77 cents on 1.40 million shares. Niocorp has a big niobium and scandium deposit in Nebraska that it hopes to put into production.

Patrick Evans's Kennady Diamonds Inc. (KDI), down nine cents to $3.91 on 35,000 shares, continues delineation drilling at both the Kelvin and Faraday ends of its kimberlite complex at Kennady North, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The latest kimberlite hits were less impressive than some of the company's earlier intervals but Mr. Evans, CEO, says this is the result of where Kennady is currently drilling. It is unclear if the latest intersections will add much to the company's tonnage estimate, which currently stands at between 12 million and 15 million tonnes. This is essentially triple Kennady's initial goal two years ago, when it hoped to delineate five million tonnes.

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