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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was an upbeat 103-61-146 as the TSX Venture Exchange jumped eight points to 621. Dermot Desmond and Mark Wall's Mountain Province Diamonds Inc. (MPVD) added 1.5 cents to 46.5 cents on 10,000 shares.

July is just around the corner and with it will come Mountain Province's sixth tender of rough diamonds this year, completed through the facilities of Antwerp-based Bonas Group. (Bonas also sells production for Lucara Diamond Corp. (LUC: $0.47) and Stornoway Diamond Corp. -- the new Stornoway, not the one that went bankrupt in 2019, crushed to death under the weight of a mountain of debt and stagnant rough diamond prices.)

Unfortunately, rough diamond prices are faring little better than they did in the late 2010s, and that is again weighing heavily on Mountain Province's stock chart. The stock traded above $7 in the fall of 2016, but it has essentially been flatlined near the 50-cent mark since the COVID-19 outbreak in early 2020. (The stock bottomed at 25 cents that year, but that was when beleaguered shareholders were bracing for word they would be facing the same plight that carried Stornoway and Dominion Diamond Mines off to their demise.)

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