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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a poor 31-50-157. The TSX Venture Exchange fell one point to 550 while polished diamond prices inched higher. Craig Scherba's Energizer Resources Inc. (EGZ) gained one-half cent to six cents on 933,000 shares. The company needs $160-million to build a graphite mine at Molo in Madagascar. Some diamond stocks had a good day. Eric Friedland's Peregrine Diamonds Ltd. (PGD) gained 2.5 cents to 22 cents on 797,000 shares while Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) reclaimed 56 cents to $14.01 on 293,000 shares. Neither company had news.

Others had a less pleasing day. Patrick Evans's Kennady Diamonds Inc. (KDI) lost eight cents to $2.87 on 85,000 shares today on diamond valuations for Kelvin, the most important of two kimberlite pipes at Kennady North, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The company's consultants, WWW International Diamond Consultants Ltd., modelled the value of the Zone A gems at just $56 (U.S.) per carat, based on a 443-carat parcel, and the value of the Zone B gems at $70 (U.S.) per carat based on a similar amount of gems. WWW did not model the Zone C gems as the 80 carats available were too few to yield a meaningful estimate. Instead, it reported the actual appraised value: $123 (U.S.) per carat.

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