RAPAPORT... Trans Hex sold 27,553 carats from its South Africa operations for $30.5 million between October and February, but the group observed that average prices fell 25.4 percent from earlier in the year as it offered far fewer special-sized stones. Eleven stones achieved better than $10,000 per carat, including one exceptional pink diamond of 2.70 carats from the Baken mine, which garnered $60,722 per carat. A 42.60-carat diamond from Baken sold for $988,888.
In Angola, Trans Hex holds a 33 percent stake in the Somiluana mine, where sales totaled $15.1 million for 37,302 carats between October and January. Here, too, the average rough prices achieved fell 21.2 percent compared with earlier in the year due to variations in the size and quality of the stones offered, as well as a slight decrease in global prices.
The company's fiscal year closes on March 31, but in a production update, Trans Hex stated that South Africa production totaled 52,667 carats as of January 31, while Somiluana's production reached 78,448 carats.
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