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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a horrid 59-116-125 as the TSX Venture Exchange slid 19 points to 730. Rough diamond prices were unchanged last week, according to Paul Zimnisky's global rough diamond price index. Mr. Zimnisky tweaks the older data as new information comes in: The index now shows that a slight, 2.3-per-cent increase from the early April low peaked in early August, with prices now nearly 1 per cent lower.
Ken MacNeill and George Read's would-be diamond miner, Star Diamond Corp. (DIAM), dropped one cent to 22 cents on 260,000 shares as the uncertainty continues with its FalCon diamond project in central Saskatchewan. Star's stock had been stuck like glue to the 20-cent mark for most of the past decade, but it broke free of the chains late last year on word that Rio Tinto Exploration Canada Inc. (RTEC) had exercised all four options on the FalCon project, thereby forming a joint venture with it holding a 60-per-cent interest.
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