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by Will Purcell
The diamond and specialty minerals stocks box score on Friday was a bright 102-62-146 as the TSX Venture Exchange rose 13 points to 933. Another week brought another decline in rough diamond prices according to Paul Zimnisky's global rough diamond price index. The New York-based Mr. Zimnisky did not have tardy data to contend with this week, but current prices produced a 0.3-point drop to 125.2 points, a 0.3-per-cent decrease from a week earlier.
Yes, this is still above the five-year low of 123.7 reached in February, but it is four points lower than six weeks ago, when the index crawled high enough that Mr. Zimnisky stopped extending a horizontal dashed line that he had been digging in along the 126-point mark depicting a flat stretch. The dashes are back, but the index has also broken below that metaphorical trench of defence -- just as it did with several earlier iterations over the past three years.
Will the index stabilize, or will the decline continue? Well, that depends on factors beyond the control of diamond miners, it appears. Tariffs, says Mr. Zimnisky, "have seemingly disrupted a recovery in the natural diamond market that was emerging in the early months of 2025" -- a recovery that followed "a jubilant 2021 and 2022," he added.
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