Tuesday, June 1, 2010

Diamond Prices Recovering to Pre-Crash Levels

According to Trans Hex CEO Llewellyn Delport, left, diamond pricing is fully back to normal, mostly because of consumer demand in India and China. Trans Hex has begun to sell the 10% lots of diamonds that have been tied up at the State Diamond Trader. If Trans Hex fails to reach an amicable solution with the State Diamond Trader, the two will meet in court in early August. Trans Hex sexlls by tender and the State Diamond Trader situation presents a unique challenge.

Trans Hex is looking to use its cash conservatively across a spectrum of opportunities. Electricity represents only 3% of Trans Hex's total costs. (Mining Weekly, 5/31/2010)

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