RE:Answer me this, PleaseYes, you are right it is neither a growth stock or an exploraton stock. It is a natural resource stock subject to the various cycles of supply and demand.
It is not unlike energy stocks, gold & silver mining stocks, etc. To make money in these you must pick the approximate cycle low, and wait for a recovery in price of the underlying commodity.
Some you do not beleive diamonds are a commodity (and you may be right). However, the price of diamonds often acts like a commodity.