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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a rousing 100-58-152 as the TSX Venture Exchange rose eight points to 964. Yes, again: After an encouraging early summer in which rough diamond prices tacked on a precious few percentage points, Paul Zimnisky has peeled another layer of hope from his global rough diamond price index. The latest 0.5-point drop puts the index at 124.7 points, within hailing distance of its multiyear low. (The hailing can be accomplished with a mere whisper -- that low, 123.7 points set in February, is now just a mere point away.)

This is the fourth consecutive weekly decline, and the sixth in the last seven weeks since the index reached 129 points -- high enough that Mr. Zimnisky allowed his horizontal dashed line, depicting a six-month period of stability, to lapse. The dashes were hastily extended a few weeks ago but are in danger of disappearing for good, as the forces of diamond despair have broken through the metaphorical line of defence that had been trenched along the 126-point line.

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