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Diamond & Specialty Minerals Summary for March 6, 2023

2023-03-06 21:12 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a mediocre 94-98-118 as the TSX Venture Exchange fell five points to 637. Ewan Mason's Star Diamond Corp. (DIAM) added one-half cent to 10.5 cents on 331,000 shares. Mr. Mason, Star Diamond's chairman and interim chief executive officer, is in Toronto this week at the Prospectors and Developers Association of Canada trade show -- Canada's largest promotional dog and pony show of the year for the mining sector.

The company wrapped up its diamond-of-the-day promotion ahead of the show, in which it revealed pleasant pictures of 28 cut and polished diamonds along with a shot of the original rough diamond during each day of February. "It was a very pleasant experience," cheered Mr. Mason, who has been chairman for the past three years, interim head since the start of the year and now Star Diamond's main promoter.

While Mr. Mason applauded the "very beautiful diamonds" on display, he acknowledged that his array of polished gems contained a significant number of untraditional colours. Indeed, it seemed that nearly every day Star Diamond rolled out pictures of yet another brown diamond -- although when the final count was in, only a dozen of the diamonds were some variety of brown, with the other 16 being the traditional whites and Cape series, D-to-Z-coloured diamonds.

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