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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a weak 53-94-108. The TSX Venture Exchange lost eight points to 836 while polished diamond prices inched lower. Ken MacNeill and George Read's Shore Gold Inc. (SGF) closed unchanged at 18 cents on 96,000 shares. Shore's perpetual Saskatchewan diamond promotion, which traded to $8.75 in 2007, is now perpetually mired below 20 cents.

Dr. Mark Bristow and Tjaart Willemse's Rockwell Diamonds Inc. (RDI: $0.055) has sold "certain assets" for $4.5-million. The unnamed assets are the Saxendrift and Remhoogte-Holsloot diamond mines that the company acquired with considerable fanfare years ago. Saxendrift has been a prodigious producer of red ink for the past decade, while the company has been pouring cash into Remhoogte-Holsloot for the past two years. (The buyer, Nelesco 318 Proprietary Ltd., gets the two mines, but it also assumes $7-million in rehabilitation liabilities.) Rockwell says the sale will result in an impairment of $8.55-million in the book value of the assets. It previously estimated its impairment at just $1.25-million.

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