19:17:34 EST Sat 22 Jan 2022
Enter Symbol
or Name

Login ID:

Diamond & Specialty Minerals Summary for Dec. 3, 2021

2021-12-03 20:40 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a dismal 60-132-108 as the TSX Venture Exchange slumped 13 points to 897. Paul Zimnisky's global rough diamond price rose 0.3 per cent last week and recent tweaks to the most recent quarterly data have now set this point as a new 10-year high. Rough prices are up 1.3 per cent over the past month and are 3 per cent higher than three months ago. (At one point in fall, the index had an early August peak, but prices have managed to creep higher on closer look.)

It has been a banner year either way, with prices up 30 per cent in the past year, which is roughly 50 per cent above their COVID-19 low of early spring, 2020. While Mr. Zimnisky's index shows rough prices are now 18 per cent higher than five years ago and 9 per cent higher than the fall of 2011, they are still below the bubbly high set in the spring of 2011, at the end of a nearly two-year-long rally that came on the heels of the Great Recession.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2022 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.