Trans Hex Averages $952 a Carat on Higher Rough Cut Diamond Demand

Mining Weekly reported Trans Hex (JSE:TRH) is averaging $952 a carat for rough cut diamonds reflecting a higher demand in the market.

As quoted in the market news:

Overall prices, which stabilised in the latter part of 2011, have shown modest increases, the company said in a market update.

The group’s February tender sale of 19 562 ct from its South African mines brought in R145.6-million.

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