Reported that Negotiations with mining contractors to take over operations at the Oena Mine on a revenuesharing basis continued during 2006.
December 31, 2006
Mining operations continued at Oena Mine during the period, with production of 296 carats. Oena continues to produce high value diamonds, with current production valued at approximately $1,595 per carat.
December 31, 2005
Production during the period was is line with the previous six months at 207 carats, with an average size of 1.49 carats per stone. The average price for diamonds sold was 3% lower at $1,161 per carat. A number of high value diamonds were recovered during the period, including stones of 18.99 and 20.24 carats that were valued at $3,800 and $5,600 per carat, respectively.
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