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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Sept. 13, 2018

2018-09-13 20:16 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a mediocre 60-85-133. The TSX Venture Exchange lost 12 points to 714 while polished diamond prices edged lower. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) dropped one-quarter cent to 23.5 cents on 280,000 shares. The stock will delist on Friday, as De Beers Canada has completed its acquisition of the company at 24 cents per share.

Dean Taylor's Diamcor Mining Inc. (DMI), up two cents to 33 cents on 3,000 shares, has completed its latest sale of diamonds from its never-ending (but recently slowed) trial mining program at the Krone-Endora at Venetia project in South Africa. The company sold 2,606.5 carats for nearly $726,600 (U.S.), or about $279 (U.S.) per carat. The latest sale was helped by three gem-quality specials, stones larger than 10.8 carats, which accounted for $195,000 (U.S.) of the revenue. Without them, Diamcor's sale averaged $207.76 (U.S.) per carat, still a pleasing result.

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