This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a positive 78-75-157 as the TSX Venture Exchange fell six to 576. Adam Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) closed unchanged at 46.5 cents on 89,000 shares. The stock had sagged below the 30-cent mark in mid-August but briefly shot to 64 cents three weeks ago on word Lucara had recovered a 2,492-carat diamond from its Karowe mine in Botswana. Lucara's stock then stabilized near 43 cents and the best it could do this week, following word of another plus-1,000-carat diamond, was to creak and groan to a 49-cent high.

This new recovery is the sixth diamond larger than 1,000 carats that Lucara has pulled from Karowe over the past decade. The company applauds the find for its "exceptional size and quality" -- qualities which, it enthuses, "underscore the unique characteristics of the Karowe orebody and reinforce the company's position as the leading producer of large, high-quality diamonds."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS