Trans Hex Sells 22,033 Carats at Latest Diamond Sales

Trans Hex Group Ltd. (JSE:TSX) announced that its May, July and September tender sales of diamonds produced in South Africa amounted to a total of 22,033 carats at an average price of US$1,497 per carat.

As quoted in the press release:

Average prices increased by 21% compared to the average prices achieved during the financial year ended 31 March 2014, mainly as a result of the sale of 1 734 high-quality carats from the mining right held by Pioneer Minerals (Pty) Ltd (‘Pioneer Minerals’). As previously reported on 18 July 2014 on SENS, Trans Hex is in the process of disposing of Pioneer Minerals to the contractor now operating on the Remhoogte property, but will continue to market the diamonds produced by the purchaser after the disposal is concluded.

Twenty-two single stones were sold for more than US$10 000 per carat, including one exceptional pink stoneof 3,2 carats from Baken Mine, which sold for US$54 750 per carat. A 132-carat stone, also from Baken Mine, realised US$1,28 million.

Click here to read the full Trans Hex Group Ltd. (JSE:TSX) press release.