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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a positive 87-79-144 as the TSX Venture Exchange rose three points to 615. Ewan Mason's Star Diamond Corp. (DIAM) fell one-half cent to nine cents on 50,000 shares. Investors continue a vigil awaiting word of a resolution between the company and Rio Tinto Exploration Canada Inc. (RTEC) -- one that would allow the stalled FalCon diamond project in central Saskatchewan to move forward.

Most investors expect RTEC will move on by returning the project to Star Diamond and giving its soon-to-be-former partner full access and control over data acquired during the five-year tempest that was their joint venture arrangement. Mr. Mason, Star's chairman and interim chief executive officer, has been saying for months that he wants to push the project to feasibility as quickly as possible. Meanwhile, RTEC, which twice promised a feasibility study but failed to deliver each time, still has control over the $200-million of data acquired during its earn-in period. That is undoubtedly a major point for discussion as RTEC and Star negotiate their separation.

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