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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a mediocre 73-93-144 as the TSX Venture Exchange fell three points to 530. Hallelujah -- perhaps the corner has been turned! Not only did Paul Zimnisky's global rough diamond price index move higher this week, but he also adjusted away most of the losses over the past two weeks thanks to some cheerful but late data. And so, the index now stands at 154.4 points, a point higher than the adjusted value and 1.8 points higher than where he thought it was a week ago.

Mr. Zimnisky's calculations now have rough diamond prices up 0.6 per cent over the past month and 1.4 per cent higher than their two-year low of 152.2 points, set in mid-October at the start of a two-month-long voluntary moratorium on purchases by the Indian diamond industry. Of course, the road home is long, as the index still is 25.6 per cent lower than its all-time high set in February of 2022, when it sat at 207.3 points.

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