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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a so-so 83-90-137 as the TSX Venture Exchange lost two points to 581. New York-based diamond analyst Paul Zimnisky says that rough diamond prices were unchanged this week, although new adjustments to last week's data pushed that calculation slightly higher. Therefore, the bottom line is that Mr. Zimnisky's global rough diamond price index is at 158, 0.1 per cent lower (still 158) than where he had put it a week ago. That leaves rough prices 23.6 per cent below their all-time high of 207, set in February of 2022.

Rough diamond prices have clearly flattened -- they are off just two points over the past month, a 0.8-per-cent drop. This is a clear improvement over the beating they took through the latter half of spring and into early summer, a two-month stretch that experienced most of this year's drop -- from 183 to 161. The mid-term chart shows a two-pronged decline, a drop of about 3 per cent per month in the latter half of 2022 and a similar drop this year. The two slumps are separated by a seven-month stretch from the fall of 2022 into early spring of 2023 during which time prices went nowhere.

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