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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 80-69-161 as the TSX Venture Exchange rose four points to 621. Well, it did seem inevitable. Paul Zimnisky's global rough diamond price index is again sporting a third horizontal dashed line depicting a flattish stretch on an otherwise southbound chart. This new line has been drawn along the 127-point mark, highlighting the last five weeks during which prices have varied little.

Mr. Zimnisky's previous metaphorical line of defence was dug in along the 136-point mark, depicting a period of price stability that ran for 13 weeks from midsummer to mid-fall. Early in 2024, Mr. Zimnisky had marked off a dashed line along the 148-point mark, denoting price stability that held from early January to mid-March. He had previously placed horizontal lines in 2023, looking for a turnaround in what has been a relentless decline in rough diamond prices since his index hit 207.3 points in early 2022. Hope, you see, springs eternal with diamond miners, analysts and investors.

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