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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a 76-76-158 draw as the TSX Venture Exchange fell four points to 788. Jean-Raymond Boulle and Ewan Mason's Star Diamond Corp. (DIAM) closed unchanged at 4.5 cents on 1.47 million shares. The company is labouring heavily in the rough seas of the diamond depression, looking for buoyancy offered by large and top-quality diamonds at its Star-Orion South project to carry it through feasibility and onward to building a multibillion-dollar mine.

There has been recent encouragement -- hints of a turnaround in diamond prices that fell nearly 40 per cent from their record highs of early 2022. Further, the data suggest that larger, high-quality diamonds have fared better than their lesser siblings, and the company boasts an unusually coarse size distribution profile and a very high proportion of Type IIa gems. Those diamonds are often large and nearly flawless -- just ask Star's adviser, George Read, when you have a few hours to kill.

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