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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was an upbeat 97-74-139 as the TSX Venture Exchange rose three points to 590. Adam Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) rose 1.5 cents to 45 cents on 222,000 shares. Lucara's stock has found a new range near 45 cents, handily above the 32-cent zone where it traded for several months before word came of two massive diamond finds at its Karowe mine in Botswana. Still, for Lucara to move higher, it will first have to find buyers for the big gems.

In late August, Lucara applauded a 2,492-carat behemoth gem that it deemed an "exceptional" diamond -- the second-largest diamond ever recovered. In mid-September, the company had more good news, enthusing that it had pulled a 1,094-carat diamond from Karowe. That gem, said Dr. Lamb, Lucara's president and chief executive officer, bore "striking similarities" with a 692-carat diamond recovered a year earlier, which subsequently produced cut diamonds that sold for $13-million (U.S.).

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