Publications
Partners
Johannesburg - Trans Hex [JSE:TSX] provided an update on its latest diamond sales and production.
The Group's March 2014 tender sale of South African production amounted to R106.5m. That was 5 886 carats at an average price of US$1 684 per carat and an exchange rate of R10.75/dollar.
Nine single stones were sold for more than US$10 000 per carat, including one stone of 22.5 carats from the Baken Mine, which sold for over US$49 000 per carat.
The Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, realised a total of $2.31m for its February sale of 5 120 carats at an average price of $451 per carat.
According to Trans Hex these sales reflect continued positive momentum in the rough diamond market and strong demand for Trans Hex's production.
Production at the group's South African operations amounted to 52 081 carats for the year ended March 31 2014.
About 21 849 carats were produced in the first six months of the year - April 2013 to September 2013 and 30 232 carats were produced in the six-month period from October 2013 to March 2014.
The next sale of South African production will be held in May 2014. The group expects to release its financial results for the year ended March 31 2014 on or about June 3 2014.
The Group's March 2014 tender sale of South African production amounted to R106.5m. That was 5 886 carats at an average price of US$1 684 per carat and an exchange rate of R10.75/dollar.
Nine single stones were sold for more than US$10 000 per carat, including one stone of 22.5 carats from the Baken Mine, which sold for over US$49 000 per carat.
The Somiluana Mine in Angola, in which Trans Hex holds a 33% stake, realised a total of $2.31m for its February sale of 5 120 carats at an average price of $451 per carat.
According to Trans Hex these sales reflect continued positive momentum in the rough diamond market and strong demand for Trans Hex's production.
Production at the group's South African operations amounted to 52 081 carats for the year ended March 31 2014.
About 21 849 carats were produced in the first six months of the year - April 2013 to September 2013 and 30 232 carats were produced in the six-month period from October 2013 to March 2014.
The next sale of South African production will be held in May 2014. The group expects to release its financial results for the year ended March 31 2014 on or about June 3 2014.
