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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a positive 72-54-184 as the TSX Venture Exchange fell fractionally to 607. Happy Thanksgiving Day to Americans, although many who invested heavily in Canadian diamond stocks over the past decade were probably shuddering as the season approached. For what seems like forever, year-end has been synonymous with tax-loss selling -- a time when investors can crystallize a loss and -- horrors -- perhaps try anew by reacquiring the stock near its low.

Tax-loss selling has long been an annual event faced by the likes of Star Diamond Corp. (DIAM), which recently dipped to yet another all-time low of three cents. A year ago, the company's stock fell to a yearly low of 6.5 cents in late November while in 2022, its yearly low of seven cents did not arrive until later in December. In 2021, Star Diamond's 17-cent low came in early December, but that slump was interrupted in midmonth with word that it had reached a settlement with Rio Tinto to end their court battle.

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