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Diamond & Specialty Minerals Summary for May 13, 2021

2021-05-13 19:55 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a bleak 66-130-104 as the TSX Venture Exchange fell two points to 908 while polished diamond prices inched upward. New -- and once again favourably readjusted -- data from diamond guru Paul Zimnisky shows that rough prices continue an upward trajectory since they cratered early last spring. Prices are now up about 25 per cent from their low a year ago, and much of that gain occurred in the past six months. There is still room for growth, as rough prices are still about 16 per cent lower than 10 years ago.

Laura Lee Duffett's Tres-Or Resources Ltd. (TRS) closed unchanged at eight cents on 57,000 shares. Tres-Or is planning a new drill program at its Guigues kimberlite, just northeast of Lac Temiscamingue in Quebec. Ms. Duffett, president and chief executive officer, having convinced herself of the geochemical significance of the smattering of microdiamonds recovered from a drill program in late 2019, intends to recover more of the tiny gems to puff up the project -- or at least the promotion.

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