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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a 94-94-122 saw-off as the TSX Venture Exchange rose one point to 606. Rough diamond prices fell again this week according to Paul Zimnisky's global rough diamond price index. This continues a relentless slide that began in early spring -- or which arguably began with prices at an all-time high in early 2022 for those with a longer memory and a gloomier attitude. Prices are now down 15 per cent from a faux recovery in early March and are 23.5 per cent lower than their record high, set in February of last year.

And so, the picture remains bleak. While rough diamond prices are up 0.9 per cent from midsummer of 2018, they are 1.3 per cent lower than at the same time in 2013, according to Mr. Zimnisky's calculations. Those numbers would suggest a scenario in which rough diamond prices have stagnated -- as they indeed have -- but there were some wild gyrations between those years.

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