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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a dreary 59-108-143 as the TSX Venture Exchange fell four points to 623. All's quiet on the diamond front, as the metaphorical line of defence that Paul Zimnisky recently trenched along the 127-point line on his global rough diamond price index appears to be holding. Yes, he lowered last week's setting by 0.3 point to account for tardy data, and yes, this week's setting has peeled off a further 0.3 point. Still, the current fix at 127.3 points is down barely 0.4 per cent from where we thought it was a week ago, and off just 0.5 per cent over the past month.

While the current price trend remains slightly downward, the past seven weeks have been flattish compared with the previous five weeks, during which the index fell from 137 points to 128 points -- a decline of 6.5 per cent in barely a month. Before that, rough diamond prices had held steady for nearly three months, from midsummer to Halloween, a period that Mr. Zimnisky used a horizontal dashed line along the 136-point mark to hopefully depict a turnaround flattening of prices, one that failed to hold.

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