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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a mediocre 83-72-155 as the TSX Venture Exchange jumped 13 points to 857. Whew, that is a relief! Last week's 1.1-point slide in Paul Zimnisky's global rough diamond price index was just a blip on the road to recovery. Yes, that may just be hopeful hyperbole, but Mr. Zimnisky nosed last week's fix 0.3 point higher on tardy data, and then tacked on 0.8 point this week, placing his index at 131.1 points, back where we thought it was two weeks ago.

Better yet, the northward zigzagging has left behind Mr. Zimnisky's horizontal dashed line, trenched in along the 126-point mark, in more ways than one. The index is now five points above the line and, more importantly, the last dash of the line, which began in early February, was quietly laid down in mid-July. (This is not Mr. Zimnisky's first line of defence -- he dashed off several others over the past three years, only to abandon them a few months later, but this is the first one dropped because rough diamond prices moved higher.)

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