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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a bright 111-50-149 as the TSX Venture Exchange rose seven points to 621. Well, here is some good news. To paraphrase Winston Churchill, while this may not be the beginning of the end for the crushing diamond slump, it does appear to be at least the end of the beginning. Once again, Paul Zimnisky has made a wholesale change to his global rough diamond price index to account for tardy information. This time, for the first time in what seems forever, the change was for the better.

First, Mr. Zimnisky readjusted last week's fix of 124.9 points upward by 2.6 points to 127.5, and then he added 0.7 point based on current data to bring this week's setting to 128.2 points. He also readjusted the past several weeks at least nominally, such that there has been a steady and significant increase since an early February low of 124.3 points. And so, current rough prices are up 3.2 per cent over the past month since reaching that low.

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