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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a 77-75-144 draw. The TSX Venture Exchange fell four points to 797 while polished diamond prices inched higher. Frank Smeenk's Debut Diamonds Inc.,badly in need of a second debut,closed unchanged at 1.5 cents on 1.84 million shares. The company has been inactive on its Attawapiskat diamond properties for years, but the now not-so-sleepy one-centerhas seen over 12 million shares trade in the past five days.
Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC), down two cents to $1.98 on 1.19 million shares, is cheering the recovery of a 472-carat diamond from its Karowe mine in Botswana. Ms. Thomas, a company cofounder who replaced Dr. William Lamb as president and chief executive officer at the end of February, says that the diamond is the third-largest gem ever recovered from the mine. It is, although it is much closer in size to several other, smaller gems regularly recovered from the mine than it is to the 813-carat Constellation diamond and its 1,109-carat sister, Lesedi la Rona, which were recovered two days apart in late 2015. (A third diamond, recovered with the Constellation gem, weighed 374 carats. It was apparently broken from the side of Lesedi La Rona during the recovery process.)
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