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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.
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