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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a mediocre 77-73-160 although the TSX Venture Exchange rose five points to 579. Well, at least last week proved to be no worse for rough diamond prices than we had been told. The latest setting of Paul Zimnisky's global rough diamond price index did not take a downward jog because of late-to-arrive data taking a gloomy tone. No, this week's fix managed its 0.4-point drop based entirely on the latest data alone. And so, the index now stands at 138.9 points, a 0.3-per-cent decline over a week earlier.

Diamond miners, promoters and shareholders all fondly recall the days in early 2022, when Mr. Zimnisky's index bubbled to 207.3 points -- an all-time high that capped the two-year run that began once the COVID-19 lockdowns eased, and miners were again able to sell their goods. Unfortunately, the subsequent downdraft that followed the rise has run longer than the rally, so that the index is now 68.4 points -- 33.0 per cent -- below the 2022 high.

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