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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a dismal 44-151-105 as the TSX Venture Exchange slumped 33 points to 856, helped along by Star Diamond Corp. (DIAM), which thudded 5.5 cents earthward to 33 cents on 788,000 shares. True to form, rough diamond prices followed last week's decline with a solid bounce-back, rising 0.3 per cent last week according to Paul Zimnisky's global rough diamond price index. Still, the gain only partly erased the previous 0.4-per-cent drop, leaving prices ever so slightly below their high at the start of the year.

It has been a great run for rough diamond prices since the market's brief but severe collapse in the early spring of 2020, when most diamond miners were unable to sell their wares thanks to COVID lockdowns -- and, for those that could, the prices achieved were horrifyingly low. Now, prices are up about 50 per cent from their pandemic panic lows and are 10 per cent higher than a decade ago.

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