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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a weak 62-93-155 as the TSX Venture Exchange fell two points to 617. Dr. William Lamb and Adam Lundin's Lucara Diamond Corp. (LUC) lost one cent to 51 cents on 122,000 shares.

Lucara's stock, which had been flatlined near the 30-cent mark through the spring and most of the summer, sparkled back to life in late August on word of the company's discovery of a 2,492-carat behemoth diamond. That monster discovery was followed in mid-September by the mining of a 1,094-carat gem, and both recoveries reminded the market that on any given day, Lucara's Karowe mine in Botswana can deliver an eye-popping surprise.

Yes, these latest two gems have yet to be sold, and yes, the oomph they put in Lucara's stock falls far short of what two huge diamond recoveries delivered in the mid-2010s, when the 813-carat Constellation diamond and the 1,109-carat Lesedi La Rona sold for a combined $115-million (U.S.). Still, Lucara's market capitalization is now averaging $230-million, compared with the $140-million it averaged earlier this year.

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