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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 94-82-134 as the TSX Venture Exchange fell fractionally to 614. Rough diamond prices resumed their fall this week, according to Paul Zimnisky's global rough diamond price index, but the drop was minuscule by comparison with the falls over the past three months.

Mr. Zimnisky says that prices fell 0.2 per cent, putting them 18.4 per cent below their all-time high, set in early 2022, down a full 10 per cent over the past four months. And so, nearly all the gains achieved during the post-COVID-19 rebound have gone poof, leaving prices barely 5 per cent higher than they were before Wuhan became one of China's best-recognized cities.

Where to from here is invariably the question, and while diamond analysts are renowned optimists, an increasing number of them are adopting gloomy predictions. Early in the recovery, consumers found themselves with cash to spend and little to spend it on, but as society returned to its wide-open ways, buying expensive jewellery slipped considerably on the to-do list of options.

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