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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a pleasant 116-73-121 as the TSX Venture Exchange rose five 18 points to 586. With rough diamond prices still within hailing distance of their all-time high set early last year, new technology could bode well for Canada's current and could-be diamond mines.

One company that could benefit from both is Ewan Mason and Ken MacNeill's Star Diamond Corp. (DIAM), which traded for just seven cents at the end of last year, has since shaken off the blahs of 2022 and gained one cent to 13 cents on 854,000 shares today. Star will be keenly watching new developments in diamond mining, as its mammoth Star-Orion South kimberlites lie beneath well over 100 metres of overburden and low-grade kimberlite and finding low-cost ways to access the material could be key to developing the project.

A once-failed diamond miner in Canada's North is now having success using technology first investigated by the late Robert Gannicott about a decade ago. Arctic Canada Diamond Corp. (ACDC) is expecting to report its 2022 income at about $500-million (U.S.), a healthy improvement over the $300-million it logged the year before. Details are sparse, as ACDC is a private company, but 2022 production is expected to handily top four million carats, and the company's chief executive officer, Rory Moore, attributes the improvement to higher rough diamond prices and better production. (The company will also have a 12-month year in 2022, compared to the 11 months of 2021 when it tweaked the length of its fiscal year by a month.)

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