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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was an upbeat 94-64-152 as the TSX Venture Exchange leapt 12 points to 829. Yes, perhaps it was too good to last -- or perhaps this is just another downward jog along the path to a long-term gain. Either way, Paul Zimnisky has peeled away 1.1 points from where he set his global rough diamond price index a week ago, with most of the fall -- 0.9 point -- being the result of current data. (The other 0.2 point is the result of late-to-arrive information lowering last week's setting.)

Nevertheless, most of the short-term comparisons are still in the black: Mr. Zimnisky has rough diamond prices up 1.1 per cent over the past month, 2.5 per cent over the past quarter and 3.2 per cent above where his index sat six months ago. The problem is that there is still much ground to make up, assuming that this week was just a hiccup. Yes, the index is 0.9 per cent higher than five years ago, but there is no promotional mileage to be had by cheering that rough diamond prices are slightly higher than they were during the COVID-19-infected summer of 2020.

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