11:38:56 EDT Sun 07 Aug 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for July 29, 2022

2022-07-29 20:06 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 positive 111-78-121 as the TSX Venture Exchange rose 10 points to 646. Rough diamond prices edged ever so slightly lower this week, dipping 0.1 per cent from the week before according to Paul Zimnisky's global rough diamond price index. That was the good news, as Mr. Zimnisky readjusts earlier data based on late-to-arrive information, and this week he pushed the past few weeks' trend line downward by about a full percentage point.

Accordingly, rough prices are now 6.1 per cent below their all-time high, reached in mid-February. Then, just five months ago, diamantaires and analysts were roundly cheering a seemingly inevitable increase in prices, as Vladimir Putin's legions of tanks rumbled into Ukraine. Today, although Russia's diamond industry reels under the weight of Western sanctions, rough prices continue to fall, leaving those offering predictions a bit flummoxed.

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.