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About the Index:


The Zimnisky Global Rough Diamond Price Index was created to consolidate reliable rough diamond price information and publish
current respective price changes of rough diamonds on a weekly basis in the form of an index.

Given the highly concentrated state of the diamond mining industry and the relatively opaque nature of rough diamond trading,
reliable, easily-assessable indicative rough diamond price information has historically been difficult to source. The intent of the
Index is to track, analyze, and disseminate current aggregate rough diamond price fluctuations for use by a range of diamond
industry participants.

The proprietary index methodology primarily incorporates price data from rough diamond transactions in the primary market, e.g.
sales via long-term contract, tender, and auction by commercial miners. The Index also includes a minor sensitivity to polished
diamond prices, given that miners utilize the polished market as a factor when determining contract pricing of rough. In addition,
the Index includes a minor sensitivity to stand-alone diamond mining equities, as the relative liquidity that equities provide can
imply the current profitability and revenue generation ability of diamond miners, which is directly influenced by the current rough
diamond market.

Given the nature of natural diamond production, the variance in quality of stones produced, or the product mix, can impact global
rough diamond prices on an average price-per-carat basis. The Index strives to represent as accurately as possible current price
changes reflected in the average rough diamond transaction valued on a per carat basis in U.S. dollars. The Index value does not
directly represent the price of a 1-carat rough diamond, but the percentage change in the average value of a rough diamond
transaction relative to the initial Index value, at a given point in time.

The Index is based on an initial value of 100 using data starting on April 4, 2004. The Index is updated on a weekly basis, typically on
Saturday. Retroactive revisions to index data are made on a quarterly basis typically after public miners release official quarterly
sales figures.

Discretion is used in the calculation of the Zimnisky Global Rough Diamond Price Index (the Index), and thus the accuracy of the
Index as a proxy for rough diamond prices cannot be guaranteed. Index information is strictly to be used for informational purposes
and is not investment advice. Paul Zimnisky holds zero accountability for any and all financial losses or otherwise from use of the
Index.

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The views expressed on this site are strictly that of Paul Zimnisky, and are based solely on observations and opinions. Paul Zimnisky has made
every effort to ensure the accuracy of information provided, however, accuracy cannot be guaranteed. Information on this site is strictly for
informational purposes and should not be considered investment advice. Consult your investment professional before making any investment
decisions. Paul Zimnisky does not accept culpability for losses and/ or damages arising from the use of content on this site. Third party use of
content on this site is only permitted with the permission of Paul Zimnisky.

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