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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 68-75-167 as the TSX Venture Exchange fell three points to 782. "Find your glow," enthuses the website of Patrick Evans's private Arctic Blue Diamonds Inc., founded in 2020 to market diamond jewellery, especially items featuring blue fluorescing gems -- an uncommon trait that occurs with diamonds from Canada's North. Now, Arctic Blue is making a move to acquire its own source of diamonds with its acquisition of an 89.7-per-cent interest in the DO-27 kimberlite, southeast of Diavik in the Northwest Territories.

Arctic Blue and its executive chairman, Mr. Evans, are not saying what the company paid for the kimberlite, known as Tli Kwi Cho in the early 1990s when Rio Tinto and its partners were racing to develop it as Canada's first diamond mine. Unfortunately, Rio, operating as Kennecott Canada, skipped the vital mini-bulk stage and then had to ad-lib its way through a costly bulk sample when difficult ground prevented it from reaching the core of the pipe.

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