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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a mediocre 79-76-155 as the TSX Venture Exchange fell four points to 711. Another week has passed with Paul Zimnisky's global rough diamond price index maintaining a flattish profile -- one now over six months long -- but this week, Mr. Zimnisky did put the setting at 126.4, down 0.6 point from a week ago. (Mind you, tardy data elevated last week's fix by 0.2 point, so prices are barely down 0.3 per cent from where we thought they were.) Nevertheless, this is the biggest drop that rough prices have taken in over two months.

With rough diamond prices 39 per cent lower than when Mr. Zimnisky's index bubbled to an all-time high of 207.3 points in early 2022, the question on the minds of diamond miners, analysts and jewellery manufacturers remains: "Where to from here?" Answers are as common as dirt, but Mr. Zimnisky's soil is regarded by most as high-grade kimberlite. And so, it is no surprise that he is a favourite speaker at meetings and other corporate gatherings.

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