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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 112-79-109 as the TSX Venture Exchange rose eight points to 978. Paul Zimnisky's global rough diamond price index was unchanged last week. Prices do appear to at least be levelling off after a strong comeback from the COVID-19 collapse of early last spring. Prices are up 25 per cent since then, but they have essentially been flat for the past five years. Worse, prices are down nearly 16 per cent from this time a decade ago, when rough prices bubbled higher on strong demand and weak supply after the 2009 recession -- a situation much like today.

Rising diamond prices could be a boon to Ken MacNeill's Star Diamond Corp. (DIAM) and Rio Tinto Exploration Canada Inc. (RTEC), its co-venture on the Fort a la Corne (FalCon) diamond project in central Saskatchewan. First, the two companies will have to resolve their legal dispute or have a Court of Queen's Bench justice settle the case for them at some point, probably not until next year.

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