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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was an upbeat 81-64-165 as the TSX Venture Exchange rose eight points to 560. Dean Taylor's Diamcor Mining Inc. (DMI) fell one cent to 3.5 cents on 65,000 shares. The company has been quiet of late -- indeed, it would have been mute as a mummy were it not for the requirement to file quarterly reports. It is in those documents, the annual report for fiscal 2024, filed in late July, and the first quarter report for fiscal 2025, filed in late August, that investors learn what the company has been up to -- or more directionally accurate, down to -- at its Krone-Endora at Venetia mine in South Africa.

Recent periods, the company groans, have "continued to be very challenging for everyone in the diamond industry." With jewellers anticipating increased demand for their product after the COVID recession while consumers tightened their belts, a "short-term supply-chain imbalance with excess polished inventories being held by many" developed. When the balance went out of kilter in Diamcor's eyes is not clear, but from the accounts of most miners, the end of 2022 saw a worrisome trend develop, one that worsened last year and has now become severe.

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