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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 94-71-145 as the TSX Venture Exchange fell fractionally to 616. So much for that rally. Rough diamond prices resumed their slide this week, according to Paul Zimnisky's global rough diamond price index. Prices dropped 0.6 per cent over a week ago, but that is just the start. Mr. Zimnisky always readjusts the last several weeks of his chart as late data arrive, and what the changes are usually modest, that was not the case this time.

What had been a three-week plateau following a four-month crash went poof thanks to new information that was as bleak as it was late. And so, Mr. Zimnisky now has rough diamond prices down 21.2 per cent from their all-time high in early 2022, a decrease of nearly 3 per cent from where the chart stood just a week ago. Rough diamond prices fell relentlessly coming off that peak, but recovered slightly early this year, leaving them down just 10 per cent from their peak. Since that faux rebound in early March, prices have retreated 12.7 per cent.

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